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Apply for a VA Home Loan in Alabama and Make your Dream Home a Reality

Get Pre-Qualified for a VA loan in Alabama

Take the first step toward your home buying goal with our free pre-qualification consultation. Complete this quick form to get a pre-qualification of your loan in Alabama.

We’ll contact you when you are ready and provide a no-obligation pre-qualification consultation to help you estimate how much you may be able to borrow.

So are you ready to start the VA home loan process? If so, simply fill out the quick one-minute form or give us a call at 1-855-468-2669.

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alabama home loans

Why should I get a VA Loan ?

The VA Home Loan is the very best mortgage available today to those who have earned the benefit. When comparing the pros and cons of the VA Loan to both a conventional loan and an FHA loan you will quickly find out that the VA Loan cannot be beat. VA Loans require 0% down payment in most cases whereas conventional loans generally require at least a 5% down payment and sometimes up to 20% required. FHA loans require a minimum of 3.5% down. And with a VA loan, Veterans also do not have to pay any monthly mortgage insurance which cannot be said about a conventional or FHA mortgages.

What is VA Refinance ?

The VA refinancing program allows qualified borrowers to lock in a lower monthly rate for the remainder of their VA Loan and/or take out cash from their home’s equity. But you must act quickly as interest rates are at historical lows! There are a few different ways to lower your interest rate with a VA Loan Refinance, including a VA Streamline Refinance and a Cash Out Refinance. A VA Streamline Refinance, sometimes referred to as an IRRL, allows you to lower your current loan interest rate. A Cash Out Refinance allows someone who currently has a VA Loan, and has built up equity to cash out part of the loan to pay off bills such as credit cards and/or auto loans.

Should I choose a Jumbo Loan ?

Many veterans have already taken advantage of their VA loan benefits. With relaxed qualification standards and more flexibility, it is proven to be the right choice for many to purchase and refinance their homes through this program. However, in most counties, the conforming loan limit with no money down is $417,000. When your home costs more than this, the solution is the VA Jumbo Loan. A VA jumbo loan is any VA loan greater than $417,000. Qualifying veterans can apply to purchase or refinance their home for up to a value of $1,000,000 through this type of loan plus receive all of the benefits of the general VA loan.

These are the key benefits that Security America can offer for a VA Home loan in Alabama

We offer VA, FHA, and All home loan types.
$0 Down Payment for VA Home Loans.
No Need for Private Mortgage Insurance.
Low Interest Rates.
Lower Payments.
Easier to Qualify.
Relaxed Credit Standards.

Have a look at our most recent blog posts about VA Loans

Our team at Security America Mortgage makes every effort to ensure the home buying process as transparent and stress free as possible.

Our team at Security America Mortgage makes every effort to ensure the home buying process as transparent and stress free as possible.

Are you ready to take advantage of your VA loan benefits? If so, it’s simple to start the process and takes only a few minutes. No social security number needed to start!

Active service members with at least 90 continuous days of service and Veterans who’ve been honorably discharged from the armed forces can apply for a VA loan. Get started today!

VA Mortgage Loans Benefits

No mortgage insurance

Since the VA guarantees the lender the top 25 percent of the loan, no mortgage insurance is required. Most conventional loans require a borrower to put down at least 20 percent of the purchase price or pay mortgage insurance. Mortgage insurance can be costly and does not ever go towards reducing your principal balance.

Low-interest rate

Because the Department of Veteran Affairs guarantees each loan, interest rates are typically 0.25 to 1 percent lower than those of conventional loans.

No down payment

Saving enough money for a down payment can be especially difficult for active duty service members who are moving from base to base. Since there is no down payment required for a VA Home Loan, many veterans can purchase a home with little to no money out of pocket.

Alabama VA Jumbo Loan Limits

Thinking about applying for a VA Loan in the state of Alabama? Learn about the Alabama VA Jumbo Loan limits.  Here’s what you should know!

FIPS State Code FIPS County Code County Name State CBSA Number One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit
24 1 ALLEGANY MD 19060 $453,100 $580,150 $701,250 $871,450
24 3 ANNE ARUNDEL MD 12580 $517,500 $662,500 $800,800 $995,200
24 5 BALTIMORE MD 12580 $517,500 $662,500 $800,800 $995,200
24 9 CALVERT MD 47900 $679,650 $870,225 $1,051,875 $1,307,175
24 11 CAROLINE MD $453,100 $580,150 $701,250 $871,450
24 13 CARROLL MD 12580 $517,500 $662,500 $800,800 $995,200
24 15 CECIL MD 37980 $453,100 $580,150 $701,250 $871,450
24 17 CHARLES MD 47900 $679,650 $870,225 $1,051,875 $1,307,175
24 19 DORCHESTER MD 15700 $453,100 $580,150 $701,250 $871,450
24 21 FREDERICK MD 47900 $679,650 $870,225 $1,051,875 $1,307,175
24 23 GARRETT MD $453,100 $580,150 $701,250 $871,450
24 25 HARFORD MD 12580 $517,500 $662,500 $800,800 $995,200
24 27 HOWARD MD 12580 $517,500 $662,500 $800,800 $995,200
24 29 KENT MD $453,100 $580,150 $701,250 $871,450
24 31 MONTGOMERY MD 47900 $679,650 $870,225 $1,051,875 $1,307,175
24 33 PRINCE GEORGE’S MD 47900 $679,650 $870,225 $1,051,875 $1,307,175
24 35 QUEEN ANNE’S MD 12580 $517,500 $662,500 $800,800 $995,200
24 37 ST. MARY’S MD 15680 $453,100 $580,150 $701,250 $871,450
24 39 SOMERSET MD 41540 $453,100 $580,150 $701,250 $871,450
24 41 TALBOT MD 20660 $453,100 $580,150 $701,250 $871,450
24 43 WASHINGTON MD 25180 $453,100 $580,150 $701,250 $871,450
24 45 WICOMICO MD 41540 $453,100 $580,150 $701,250 $871,450
24 47 WORCESTER MD 41540 $453,100 $580,150 $701,250 $871,450
24 510 BALTIMORE CITY MD 12580 $517,500 $662,500 $800,800 $995,200

More Calculators

VA Loan Calculator

Determine how much home you can afford.

 Funding Fee Calculator

Learn what it costs to fund a VA loan.

BAH Calculator

Calculate your Basic Housing Allowance.

VA Loan Limit Calculator

Find out how much you can borrow for $0 down.

Affordable Calculator

Estimate your loan preapproval amount based on your income and expenses.

Construction Loan Calculator

Obtain a construction loan for building or improving a home

VA Refinance Calculator

See if refinancing makes sense for you.

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