Alabama Home Mortgage Loans (AHML) offers a variety of conventional home loan programs for Montgomery, Alabama home buyers, including the “Conventional 3 Percent Down” loan.
What is a Conventional Mortgage?
Conventional mortgages, or loans, are any type of private sector home buyer’s loan that is not offered or secured by a government entity.
What is a “Conventional 3% Down Loan”?
As the name implies, the down payments for these residential loans can be as low as three percent.
The following video transcript provides more details about how these loans work:
“What’s stopping you from buying your dream home?
For most first time buyers, the biggest roadblock is either the down payment or the expensive mortgage insurance that comes with putting less than 20 percent down.
But what if you can get a low down payment and avoid monthly mortgage insurance?
With conventional three percent down loan from your independent mortgage broker, you can.
These loans allow you to put down as little as three percent.
With no upfront mortgage insurance, reduced, or no, monthly mortgage insurance (M.I.), and usually a lower monthly payment.
How does it work?
Unlike FHA, conventional 3 percent down loans have fewer restrictions.
They also offer more flexible appraisals and faster closings.
All of which will make your offer more attractive to sellers.
Ready. Set. Home!
Clear the way to your dream home with just three percent down.
Ask us about our conventional 3% down loan today.”
AHML offers residential loan origination services throughout the River Region in central Alabama.
Our customer base includes the cities of Montgomery, Prattville, Wetumpka, Millbrook, Pike Road, Tallassee, Eclectic, Deatsville, Elmore, Dadeville, Alexander City, and surrounding Alabama communities!
Alabama Home Mortgage Loans
242 Peace Church Rd #A
Wetumpka, AL 36093
522310 Mortgage and Nonmortgage Loan Brokers