Question 1

Can I close on an Alabama home from out of state?

Accepted Answer

Yes. Out-of-state buyers relocating to coastal Alabama can complete the entire mortgage process remotely — preapproval, document collection, e-signature, and remote online notarization at closing. Aaron Jensen handles relocation closings for buyers in Baldwin County (Fairhope, Daphne, Spanish Fort, Gulf Shores, Orange Beach) regularly. Funds are wired ahead of the closing date and you do not have to fly in.

Question 2

What credit score do I need for a VA loan in Alabama?

Accepted Answer

NFM Lending accepts VA loan applications with credit scores starting at 580 in Alabama, though stronger scores (620+) typically secure better pricing. There is no minimum credit score set by the VA itself — each lender sets its own overlay. Aaron Jensen, NMLS #2028734, can review your specific scenario.

Question 3

How much down payment do I need for a VA loan?

Accepted Answer

Zero. VA loans require no down payment for eligible active-duty service members, veterans, and qualifying surviving spouses. VA loans also have no monthly private mortgage insurance (PMI), which typically saves $150–$400 per month versus comparable FHA or Conventional loans.

Question 4

Is the VA funding fee waived for disabled veterans?

Accepted Answer

Yes. Veterans receiving VA compensation for a service-connected disability (10% or higher rating) are exempt from the VA funding fee, which can save several thousand dollars at closing. Surviving spouses of veterans who died in service or from service-connected disabilities are also exempt.

Question 5

How long does it take to close on a home in Baldwin County?

Accepted Answer

Typical purchase closings in Baldwin County, Alabama take 25–35 days from accepted offer to keys-in-hand. Conventional and VA purchases at NFM Lending average 28 days when documentation is provided promptly. Cash-out refinances typically take 30–45 days.

Question 6

What is the minimum down payment for a Conventional loan?

Accepted Answer

A Conventional loan in Alabama requires as little as 3% down for first-time buyers (Fannie Mae HomeReady, Freddie Mac Home Possible) or 5% down for repeat buyers. Down payments under 20% incur private mortgage insurance (PMI), which can be removed once you reach 20% equity.

Question 7

Where is Alabama Mortgage Guy located?

Accepted Answer

Aaron Jensen is based in Fairhope, Alabama (Baldwin County, on the Eastern Shore of Mobile Bay). He serves the entire Alabama Gulf Coast region — Fairhope, Daphne, Spanish Fort, Gulf Shores, Orange Beach, Foley — and is licensed to originate mortgages in 49 US states through NFM Lending (NMLS #2893). NMLS #2028734.

Question 8

Does Aaron Jensen handle FHA loans?

Accepted Answer

Yes. FHA loans require as little as 3.5% down with a credit score of 580 or higher, and can be a strong fit for buyers rebuilding credit or with non-traditional income histories. Aaron Jensen, NMLS #2028734, originates FHA loans at NFM Lending across all eligible states.

Question 9

What is the maximum jumbo loan amount through NFM Lending?

Accepted Answer

NFM Lending offers Jumbo loans up to $3 million. A Jumbo loan exceeds the conforming limits set by Fannie Mae and Freddie Mac and typically requires a higher down payment, stronger credit score, larger cash reserves, and a lower debt-to-income ratio than a Conventional loan.

Question 10

Does NFM Lending offer renovation loans?

Accepted Answer

Yes. NFM Lending offers three renovation programs: FHA 203(K) (Limited under $35,000 with no HUD consultant required, and Standard for structural work with a HUD consultant), Fannie Mae HomeStyle® Renovation (for primary, second home, or investment properties), and VA Renovation (for veterans with up to $35,000 in non-structural repairs and a 30–45 day completion requirement). Aaron Jensen originates all three through NFM Lending NMLS #2893.

Question 11

What is the All In One Loan from NFM Lending?

Accepted Answer

The All In One Loan™ is NFM Lending's proprietary first-position HELOC product. It combines a mortgage with a sweep checking account so that every dollar of cash flow you keep on the loan reduces the interest you pay. Designed for fiscally responsible borrowers who carry healthy monthly cash balances. NFM offers a free All In One Loan Simulator to model how much interest you could save.

Question 12

Does NFM Lending offer Non-QM or bank statement loans?

Accepted Answer

Yes. NFM Lending offers Non-QM home loans for non-traditional borrowers — self-employed business owners, 1099 contractors, real estate investors, and buyers with complex income that doesn't fit standard W-2 underwriting. Qualification can use bank statement income calculations instead of tax-return AGI.

Question 13

Is NFM Lending an accredited mortgage lender?

Accepted Answer

Yes. NFM Lending (NMLS #2893) was founded in 1998 and is headquartered at 1190 Winterson Road, Suite 300, Linthicum, Maryland 21090. It holds an A+ rating from the Better Business Bureau, is a member of the Mortgage Bankers Association, is an Equal Housing Lender, and holds the registered trademark "America's Common Sense Lender®". Aaron Jensen (NMLS #2028734) originates loans through NFM Lending in 49 US states.

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