First Equity Home Loan, Inc. is Alabama's Premier High Balance Jumbo Lender and serves every county in our home state. Depend on Local Jumbo Experts when buying or refinancing Luxury Upscale Homes in Alabama.
Whether you're drawn to the serene waterfront properties along the Gulf Coast or the bustling job opportunities in Huntsville, First Equity stands ready to finance your vision. We specialize in Jumbo Mortgages tailored for the unique needs of Alabama's high-value home buyers and those looking to refinance their existing high-balance loans.
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 most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.
Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can't be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
Below is our Mortgage Calculator. You can run payments on most loan programs and compare Jumbo's vs. other leading Programs like FHA and Conventional. We have 90 percent loan to value 2nd mortgage products as well. These open more options for the high balance loan customers that already have a really good 1st mortgage rate but wish to access some of their equity.
Many other useful calculations and research tools are provided below to help you in your Jumbo home mortgage search.
Calculate how much your monthly mortgage payment could be compared with other lending programs:
* Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult a financial professional for full details.
See All Mortgage CalculatorsWhat's your plan? Tell us what you're looking for so we can match you with the perfect Jumbo Option
We'll aggressively get you pre-approved pending doc review, based on information you give us
Your loan officer will contact you if we need additional info or to lock your rate
Whether you're buying your first home or your dream home, we have a mortgage solution for you. Get your custom rate quote today.
We're committed to helping you refinance with the lowest rates and fees in the industry today. Getting started is quick and easy.
Our secure application is a few quick questions that takes about 7-10 minutes to complete and is required for a “Pre-Approval”. Get started today!
The Loanzify App guides you through your mortgage financing and connects you directly to your loan officer and realtor.
Rod and Susan months after our founding in 1987. We believe exceptional customer service is why we get so much repeat business.
Do you need to qualify for leading loan options when you know the purchase price based on lender used debt ratios
This mortgage calculator shows you if paying points make sense given your plans- for breakeven analysis
Get started with our secure application. It's a few quick questions that take about 12 minutes to complete.
315 Broad Street
Gadsden, AL 35901
Phone: 256-NEW-LOAN
info@mtgquote.com
