The Home Buyer's Korner

Information presented should be used for educational purposes only.

December 3rd, 2012

Guy looking up in color


The Home Ownership Blog 

House for SaleOur blog is an ongoing konversation about all things real estate. Not only can home shoppers find experienced real estate brokers and agents; mortgage lenders; general contractors and other service providers to assist with your home buying needs, our blogs helps you become a knowledgeable home buyer.

If you’re looking for great homes, take a moment to visit our member’s “Homes for Sale” boards below and other homes for sale resources we’ve provided to get your home shopping started right.

Today’s real estate market is in transition and home buyers can find a wide variety to select from. One sector that remains at the top of everyone’s list are distressed homes and short sales, which most likely are in need of repairs.

When considering purchasing a home we encourage you to include distressed real estate and short sales. These properties offer little known opportunities to acquire the home of your dreams. We discuss these properties in our blog and you can learn more locally by visiting our “Real Estate Broker”, “Mortgage Lender” & “General Contractor” Google Plus Communities above.

Distressed real estate and short sales are normally sold at below market value and further discounts when the property is in need of renovation. The first things that come to mind for most home buyers are:

  1. How to include “Cost of Repairs” in your mortgage & renovate after escrow closing;
  2. Defining “Required Repairs” and what are your desires;
  3. What repairs get the most bang for your buck;
  4. Locating the right team for your unique home purchasing needs.

Our blog addresses these issues and more as you engage us here and at our Google+ Communities. In doing so, you’ll become an informed home buyer and feel confident understanding relevant real estate topics such as:

  1. FHA 203K~Traditional and Streamline;
  2. Fannie Mae HomeStyle Renovation lending;
  3. Buying a Short Sale, Distressed or Foreclosed Home;
  4. Low Down Payment FHA home loans for as little as 3.5% for the home of your dreams;
  5. 100% Financing with USDA Rural Development & Veterans Administration home loans;
  6. Down Payment Assistance Programs;
  7. Getting Ready for Home Ownership;
  8. And, much more!

Be sure to engage our network of real estate brokers and agents, mortgage lenders, general contractors and other recommended service providers for all your home buying or selling needs.

Purchasing a home can be the best investment you’ll ever make, but it takes knowledge and the right team!

FHA County Loan Limits

Alabama Counties One-Family Two-Family Three-Family Four-Family MSA
Autauga County $271,050 $347,000 $419,425 $521,250 MONTGOMERY, AL
Baldwin County $271,050 $347,000 $419,425 $521,250 DAPHNE-FAIRHOPE-FOLEY, AL
Barbour County $271,050 $347,000 $419,425 $521,250 NON-METRO
Bibb County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Blount County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Bullock County $271,050 $347,000 $419,425 $521,250 NON-METRO
Butler County $271,050 $347,000 $419,425 $521,250 NON-METRO
Calhoun County $271,050 $347,000 $419,425 $521,250 ANNISTON-OXFORD-JACKSONVILLE, AL
Chambers County $271,050 $347,000 $419,425 $521,250 VALLEY, AL
Cherokee County $271,050 $347,000 $419,425 $521,250 NON-METRO
Chilton County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Choctaw County $271,050 $347,000 $419,425 $521,250 NON-METRO
Clarke County $271,050 $347,000 $419,425 $521,250 NON-METRO
Clay County $271,050 $347,000 $419,425 $521,250 NON-METRO
Cleburne County $271,050 $347,000 $419,425 $521,250 NON-METRO
Coffee County $271,050 $347,000 $419,425 $521,250 ENTERPRISE, AL
Colbert County $271,050 $347,000 $419,425 $521,250 FLORENCE-MUSCLE SHOALS, AL
Conecuh County $271,050 $347,000 $419,425 $521,250 NON-METRO
Coosa County $271,050 $347,000 $419,425 $521,250 TALLADEGA-SYLACAUGA, AL
Covington County $271,050 $347,000 $419,425 $521,250 NON-METRO
Crenshaw County $271,050 $347,000 $419,425 $521,250 NON-METRO
Cullman County $271,050 $347,000 $419,425 $521,250 CULLMAN, AL
Dale County $271,050 $347,000 $419,425 $521,250 OZARK, AL
Dallas County $271,050 $347,000 $419,425 $521,250 SELMA, AL
Dekalb County $271,050 $347,000 $419,425 $521,250 NON-METRO
Elmore County $271,050 $347,000 $419,425 $521,250 MONTGOMERY, AL
Escambia County $271,050 $347,000 $419,425 $521,250 NON-METRO
Etowah County $271,050 $347,000 $419,425 $521,250 GADSDEN, AL
Fayette County $271,050 $347,000 $419,425 $521,250 NON-METRO
Franklin County $271,050 $347,000 $419,425 $521,250 NON-METRO
Geneva County $271,050 $347,000 $419,425 $521,250 DOTHAN, AL
Greene County $271,050 $347,000 $419,425 $521,250 NON-METRO
Hale County $271,050 $347,000 $419,425 $521,250 TUSCALOOSA, AL
Henry County $271,050 $347,000 $419,425 $521,250 DOTHAN, AL
Houston County $271,050 $347,000 $419,425 $521,250 DOTHAN, AL
Jackson County $271,050 $347,000 $419,425 $521,250 SCOTTSBORO, AL
Jefferson County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Lamar County $271,050 $347,000 $419,425 $521,250 NON-METRO
Lauderdale County $271,050 $347,000 $419,425 $521,250 FLORENCE-MUSCLE SHOALS, AL
Lawrence County $271,050 $347,000 $419,425 $521,250 DECATUR, AL
Lee County $271,050 $347,000 $419,425 $521,250 AUBURN-OPELIKA, AL
Limestone County $271,050 $347,000 $419,425 $521,250 HUNTSVILLE, AL
Lowndes County $271,050 $347,000 $419,425 $521,250 MONTGOMERY, AL
Macon County $271,050 $347,000 $419,425 $521,250 NON-METRO
Madison County $271,050 $347,000 $419,425 $521,250 HUNTSVILLE, AL
Marengo County $271,050 $347,000 $419,425 $521,250 NON-METRO
Marion County $271,050 $347,000 $419,425 $521,250 NON-METRO
Marshall County $271,050 $347,000 $419,425 $521,250 ALBERTVILLE, AL
Mobile County $271,050 $347,000 $419,425 $521,250 MOBILE, AL
Monroe County $271,050 $347,000 $419,425 $521,250 NON-METRO
Montgomery County $271,050 $347,000 $419,425 $521,250 MONTGOMERY, AL
Morgan County $271,050 $347,000 $419,425 $521,250 DECATUR, AL
Perry County $271,050 $347,000 $419,425 $521,250 NON-METRO
Pickens County $271,050 $347,000 $419,425 $521,250 TUSCALOOSA, AL
Pike County $271,050 $347,000 $419,425 $521,250 TROY, AL
Randolph County $271,050 $347,000 $419,425 $521,250 NON-METRO
Russell County $289,800 $371,000 $448,450 $557,300 COLUMBUS, GA-AL
Shelby County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
St. Clair County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Sumter County $271,050 $347,000 $419,425 $521,250 NON-METRO
Talladega County $271,050 $347,000 $419,425 $521,250 TALLADEGA-SYLACAUGA, AL
Tallapoosa County $271,050 $347,000 $419,425 $521,250 NON-METRO
Tuscaloosa County $271,050 $347,000 $419,425 $521,250 TUSCALOOSA, AL
Walker County $271,050 $347,000 $419,425 $521,250 BIRMINGHAM-HOOVER, AL
Washington County $271,050 $347,000 $419,425 $521,250 NON-METRO
Wilcox County $271,050 $347,000 $419,425 $521,250 NON-METRO
Winston County $271,050 $347,000 $419,425 $521,250 NON-METRO


USDA Rural Development Income Limits & Eligible Areas

USDA Rural Development have set Income Eligibility Requirements to optimize the application process. In Alabama, there are an abundant amount of Eligible Areas that present opportunities for home ownership.

The program was designed to give moderate to low income families an opportunity to secure a low interest mortgage in communities with populations of 35,000 or less. 

Buy Smart ~ Join the Konversation


FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


Organizing your home shopping experience affords a wise decision making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen you will have the option

to “Create A Printable PDF of the Presentation”.


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