Alabama Conventional Conforming Loan Limits

Alabama Conventional Loan Limits

What are Conventional Loans and Conforming Loans?

By definition, a Conventional Loan is any mortgage that’s not guaranteed or insured by the federal government. Alabama conventional loans may be either “conforming” and “non-conforming”, although ‘conventional loans’ generally refer to ‘conforming loans’. Therefore Alabama conventional loan limits are the same thing as Alabama conforming loan limits. Read More

USDA Mortgage Calculator

USDA Mortgage Payment Calculator

Use our free USDA mortgage calculator to figure out your monthly payments. USDA loan fees include an upfront guarantee fee thats equal to 1 percent of the home loan amount. In addition, you’ll factor the annual fee which equals 0.35 percent of the yearly loan amount, and routine homeowner expenses like property taxes and home insurance. Find out now if USDA loans work for you.

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