218 Martin St N, Pell City, AL 35125

T: 205.884.2665  F: 205.884.9030

info@coosavalleymortgage.com

OR

loan programs

We offer the following programs, all with competitive interest rates.

Conventional

Minimum 3% down payment
PMI (private mortgage insurance) required for less than 20% down
Maximum loan amount

FHA

Guaranteed by Federal Housing Administration
Minimum 3.5% down
Down payment may be gift from relative
Maximum loan amount varies
MIP (mortgage insurance premium) required

USDA

Qualification based on property location and income
100% financing

VA

Partially guaranteed by Department of Veteran’s Affairs
Available to qualified U.S. active duty servicemen and veterans
100% financing of first mortgage of primary residence
Veterans must provide DD-214

Jumbo

Exceeds conventional conforming loan amount limits
 20% down payment

Contact us today to determine which program is best for you.