OUR SERVICES

At Alford Lending we are happy to help you with home financing or any Real Estate question that you may have as you work through the home buying or selling process. 

Our team of experienced Mortgage Lenders specialize in making the home buying process smooth for everyone, whether experiences or first time home buyers. 

FHA LOAN

~3.5% down payment
~Minimum credit score 580
~Manufactured home allowed
~Seller can pay 6% of buyer closing costs
~Escrow up to $5,000 for repairs 

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VA LOAN

~0% down payment
~Minimum credit score 580
~Manufactured home allowed
~Seller can pay 6% of buyer closing costs
~Borrowers with no credit score are eligible
~No monthly private mortgage insurance
~Borrower can move in with no money out of pocket 

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CONVENTIONAL LOAN

~Minimum credit score 600
~Manufactured home allowed
~Seller can pay 3% of buyer closing costs
~97% max Loan to Value

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FHA 203K LOAN

~3.5% down payment
~Manufactured home allowed
~Seller can pay 6% of buyer closing costs
~Rehab loan to include most items except structural*
*If structural repairs are needed, a full 203k loan may be considered

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DOWN PAYMENT ASSITANCE

~Minimum credit score 600
~As low as $500 minimum out of pocket required
~Forgivable & non forgivable programs
~Seller can contribute up to 6% towards closing costs & rate buy down (FHA only)
~Gift funds allowed from family members or employer (FHA only)

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HOME EQUITY LINE OF CREDIT

Your home is generally your largest single asset which, over time, appreciates in value. With a Home Equity Line of Credit (HELOC) you can use the equity you have built into your home to pay for large expense items. College tuition, a child's wedding, debt consolidation, a dream vacation, or home improvements are all examples of reasons a HELOC may the right option for you. 
85% LTV & can close in as little as 5 business days

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USDA RURAL HOUSING LOAND

~0% down payment
~Minimum credit score 600
~Move in with less than $1,000 our of pocket
~Property must be located in USDA area

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