Learn how the mortgage process works before you are in the middle of it. This six-part course explains home financing in clear, everyday language—from preparing for preapproval through closing on your Alabama home.
Understand the Process
Buying a home can feel overwhelming when you do not know what happens next. These lessons are designed to help Alabama homebuyers understand what lenders review, how loan options differ, what costs to expect and what happens between application and closing. Complete the classes in order or visit the lesson that answers your current question.
Course Directory
Begin with Mortgage 101 or select the subject you need below.
Understand prequalification versus preapproval, the information your loan officer may request and what a lender reviews before you begin shopping for a home.
Start Mortgage 101 →Learn the basic differences between conventional, FHA, VA and USDA financing, along with down payment assistance options that may be available to eligible Alabama buyers.
Start Mortgage 102 →See how lenders evaluate credit history, employment, income, monthly debts, bank accounts, gift funds and the other financial details used during qualification.
Start Mortgage 103 →Learn what makes up a mortgage payment and how interest rates, APR, points, mortgage insurance, escrows and closing costs can affect the amount you pay.
Start Mortgage 104 →Follow the process from application and disclosures through appraisal, title work, underwriting, conditional approval and the final steps required before closing.
Start Mortgage 105 →Prepare for the Closing Disclosure, final walkthrough, safe transfer of closing funds, signing appointments and what happens after your Alabama home loan closes.
Start Mortgage 106 →Contact The yMORE Group powered by NEXA Mortgage to discuss your situation and learn more about your available home financing options.
This course is provided for general educational purposes and is not a commitment to lend or a guarantee of loan approval. Loan programs, interest rates, terms, costs and eligibility requirements are subject to change and depend on the borrower, property, lender and applicable program guidelines.
