Loan Programs: Ignite Your Alabama Home Run, First Equity Style
Blast off your homeownership dream with First Equity’s loan arsenal—built for Alabama’s bold and engineered to win. From FHA’s low-down kickstart to VA’s zero-down vet power, USDA’s rural steals to Jumbo’s luxury lift-off, we’ve got the fuel for every mission. Conventional loans? Sharp and sleek. Equity Solutions? Unleash your home’s wealth with 90% LTV firepower—HELOCs or fixed-term seconds that hit hard. No national lender sludge here—just Alabama-honed precision, delivered fast and fierce. Pre-approve now and launch your future!
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A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
USDA home loans are very popular in Alabama because of the zero-down payment feature, and lower credit score requirements. We also have many eligible properties in our state.
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Great for bill consolidation loans to reduce payment and interest on consumer debt, home improvements, or any worthwhile purpose. Piggy back a 1st to avoid mortgage insurance
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.View Fixed term second mortgage program including continued case study with HELOC comparison.
Very popular with our gulf coast buyers. Our larger cities like Huntsville, Birmingham, Tuscaloosa also have significant Condo lending properties.
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Not our favorite because we like certainty, but Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
