Real Estate & Home Buying Archives - New Park

Guide to Buying a New Home in Montgomery, Alabama

Category: Real Estate & Home Buying

Guide to Buying a New Home in Montgomery, Alabama

collage of buying a new home in new park in montgomery al
collage of buying a new home in new park in montgomery al

Buying a home is a major step toward building the lifestyle and community you’ve envisioned. This guide covers each stage, from setting a budget and exploring Montgomery’s best neighborhoods to finding the right home and making a confident offer.

Along the way, you’ll discover why New Park in East Montgomery is more than just a neighborhood– it’s a welcoming community designed around comfort, convenience, and belonging. Ready to find a place that feels like it was meant for you? Let’s get started!

Define Your Budget

Setting a clear budget is essential for a confident home-buying journey. Understanding what you can comfortably afford lets you focus on homes that align with your financial goals. Here’s how to get started:

  • Estimate Monthly Mortgage Payments: Partner with a local lender to calculate your estimated mortgage payment, considering loan amount, interest rate, and loan term. This helps ensure payments are manageable within your income.

  • Calculate Your Down Payment: Down payments typically range from 3.5% to 20% of the home’s price. A larger down payment can lower your monthly payments and potentially secure a better interest rate.

  • Consider Property Taxes: With Montgomery’s relatively low property taxes, the area is more affordable. Including these in your monthly budget will help you avoid surprises.

  • Factor in Homeowners Insurance and Mortgage Insurance (PMI): Including these costs gives you a more comprehensive view of your total monthly expenses.

  • Understand HOA Fees: Communities like New Park may have HOA fees for amenities like pools, parks, and landscaping. Reviewing these fees helps you see how they fit into your budget.

Get Pre-Approved for a Mortgage

After setting your budget, getting pre-approved for a mortgage is the next important step. Pre-approval offers several key benefits:

  • Shows Sellers You’re a Serious Buyer:  A pre-approval letter shows sellers you’re a qualified buyer– a valuable advantage in competitive markets like East Montgomery.
  • Sets Clear Expectations: Pre-approval helps you focus on homes within your financial reach, making your search more efficient.
  • Streamlines the Closing Process: With financial paperwork already completed, pre-approval can shorten the time needed to close once you find the right home.

With pre-approval, you’re ready to make a confident, competitive offer on your future home.

Understand Montgomery’s Real Estate Market

Montgomery’s real estate market offers strong value across a variety of price points. Here’s how to make the most of the market:

  • Work with a Local Agent: An agent who knows Montgomery and New Park can guide you in finding good deals, understanding the area, and navigating the buying process.
  • Explore Value Across Neighborhoods: Each Montgomery neighborhood has its own unique characteristics and pricing. East Montgomery, where New Park is located, is especially attractive for its balance of accessibility and community vibe.
  • Stay Informed on Market Trends: Understanding trends like average market times and pricing can help you determine the best time to make a competitive offer.

Choose the Right Neighborhood in Montgomery

Choosing a neighborhood that suits your lifestyle is one of the most important steps in finding a home. Here’s how to narrow down your options:

  • Identify Your Priorities: Decide what’s most important to you in a neighborhood. Do you want to be close to schools, have easy access to shopping and dining, or enjoy green spaces? New Park is a top choice, blending convenience with a peaceful environment.
  • Explore Master-Planned Communities: Master-planned communities like New Park are designed with diverse lifestyles in mind. Our neighborhood amenities include scenic landscapes, a 14-acre lake, a private neighborhood pool, and a playground, creating a welcoming environment where neighbors can connect and relax.
  • Find a Community for Your Life Stage: New Park offers homes and amenities that grow with you. Our move-in-ready homes and customizable new builds provide flexibility for your changing needs.

Identify Your Home Preferences

Knowing your preferences helps you find a home that feels like the perfect fit. Here’s how to get clear on what matters most:

  • Decide on Home Size and Layout: Think about the number of bedrooms and bathrooms you need and if you prefer an open-concept layout or more traditional spaces, New Park offers a range of floor plans to suit different lifestyles.
  • Choose Your Style: Montgomery’s homes offer styles from traditional to modern. Pick a style that resonates with you and feels right.
  • New Build vs. Move-In Ready: Decide if you want a move-in-ready home or a new build that you can customize. New Park offers thoughtfully crafted options that make it easy to find or build your dream home.

Tour Available Homes

With your budget set and preferences clear, it’s time to tour available homes. Visiting homes in person allows you to experience each space and picture yourself there.

  • Pay Attention to Layout and Flow: Walk through each room, paying attention to how spaces connect. Imagine how you’d live in each area, from the kitchen to the living room.
  • Examine Finishes and Craftsmanship: Details like cabinetry, flooring, and fixtures reveal a home’s quality. Touring lets you assess these elements firsthand.
  • Envision Daily Life in Each Space: Picture your daily routines in each room. This helps you decide if a home truly feels like the right fit.

At New Park, touring our available homes also allows you to experience our community amenities firsthand. 

Write a Contract

Once you find your dream home, quick, informed action is essential. Partnering with an agent who understands the local market is invaluable when making an offer.

Once you’ve found a home that meets your needs, it’s time to draw up a contract. Here’s how to approach this step, especially in high-demand areas like East Montgomery:

  • Collaborate with Your Agent on Crafting the Offer: Your agent will review recent sales and current market trends to help you structure a competitive offer.

  • Include Essential Conditions: Important contingencies like a home inspection and appraisal protect you by setting terms before finalizing the purchase.

  • Consider Asking for Closing Costs and Upgrades: In negotiations, you can request the seller to cover some closing costs or include valuable upgrades, such as a fence or window blinds, to enhance your new home.

Finalize Your Purchase and Plan Your Move

Congratulations! Once you have a signed contract, you’re almost ready to make your new house a home. Here’s what’s next:

  • Schedule a Home Inspection: An inspection checks the property’s structure and systems to ensure everything is safe and functional.
  • Arrange for an Appraisal: Your lender will order an appraisal to confirm that the home’s value aligns with your offer, ensuring it meets loan requirements.
  • Complete a Final Walkthrough: This last walkthrough ensures that all agreed-upon repairs are completed and the home is in the expected condition.
  • Sign and Close the Sale: With all documents in order, you’ll sign the paperwork and officially take ownership of your new home!

After closing, it’s time to plan your move. Moving to New Park means joining a friendly, active community with welcoming neighbors, beautiful amenities, and quick access to Montgomery’s top attractions. Get to know the local schools, parks, and dining spots that make New Park a truly wonderful place to live.

Why New Park is the Perfect Place to Call Home in Montgomery

New Park offers a lifestyle designed for comfort, connection, and convenience in East Montgomery. Here’s why it stands out:

  • Prime Location: New Park’s location puts you close to schools, shopping, dining, and recreation, making everyday life easy and enjoyable.
  • Quality Homes for Every Life Stage: Our new homes are thoughtfully crafted to meet diverse needs. Whether you’re a first-time buyer, a growing family, or looking to downsize, New Park offers styles, layouts, and customization options that make each home feel truly personal.
  • Family-Friendly Amenities: From Chastain Lake and our walking paths to the neighborhood pool and playground, New Park’s amenities encourage connection and relaxation.
  • A Welcoming Community: We value connection, safety, and support. Our shared spaces and community events make it easy to meet neighbors and form lasting bonds.

Are you ready to start your journey to homeownership in Montgomery? New Park welcomes you! 

Montgomery Homeownership FAQS

How much does it cost to buy a new home in Montgomery, Alabama?

The cost of a new home in Montgomery varies based on location, size, and amenities. Generally, East Montgomery offers a range of price points with excellent value. New homes in New Park start in the mid-$300,000s, offering a range of options to fit different budgets. 

What are the best mortgage rates for buying a home in Montgomery?

Shopping around with different lenders and comparing rates can help you find the best mortgage rates for a Montgomery home. Pre-approval from a local lender familiar with the area may also provide better insights into competitive loan options.

How do I decide between a new build and a move-in-ready home?

A move-in-ready home allows you to settle in quickly, which is ideal if you’re looking to move soon. A new construction build, on the other hand, offers customization options that allow you to tailor the home to your preferences. At New Park, we offer both, so you can choose what suits your timeline and vision.

How do I know what monthly mortgage payment I can comfortably afford?

Work with a lender to determine what portion of your monthly income is reasonable for mortgage payments, property taxes, homeowner’s insurance and HOA fees. Knowing this amount before you start looking helps you focus on homes within your financial comfort zone, making for a smoother search.

What are the benefits of working with a local agent when buying a new home in Montgomery?

A local lending agent knows Montgomery’s neighborhoods, market trends, and pricing. They can provide insights on timing, help you navigate the buying process, and negotiate effectively, ensuring you make an informed decision.

Are there any incentives for buying a new home in Montgomery?

Some builders and lenders offer new home buying incentives, such as assistance with closing costs, upgrades, or lower interest rates. Checking with New Park’s sales team or exploring our incentives page can give you an idea of current promotions available to help make your purchase more affordable.

Are there any hidden costs associated with buying a new home in Montgomery?

When you buy a new home, you’ll need to plan for costs like property taxes, homeowners insurance, HOA fees, and closing costs (often 2-5% of the purchase price). Additionally, utilities, maintenance, and occasional repairs can add up. Being aware of these costs helps you budget beyond the mortgage.

Lowder New Homes is offering up to $7,500 toward closing costs when you use a Preferred Lender. This exclusive offer applies to select Lowder New Homes closing by December 31, 2024. Don’t miss your chance to experience everything New Park has to offer!

$7,500 Cash to Close- Limited-Time Incentive!​

Everything FINAL FINAL FINAL!

$7,500 Cash to Close- Limited-Time Incentive!

When Lowder New Homes says move-in ready, they mean it! Select homes are designed for your convenience and comfort, equipped with everything you need from day one. Imagine moving into a home with a fenced yard for privacy, a refrigerator, stylish blinds throughout, and even a washer and dryer so you can settle in right away.

Plus, enjoy smart technology features like a modern doorbell and lock system, ensuring security and ease from the moment you arrive.

And to make this even sweeter, Lowder New Homes is offering up to $7,500 in cash toward closing costs when you use a Preferred Lender, making your move more affordable and stress-free.

This is a limited-time offer on select homes, so act fast— closing must be finalized by December 31, 2024. Now’s the perfect time to move in and start enjoying all that New Park has to offer!

Homes must close by December 31, 2024 and use a Preferred Lender. Not all homes and neighborhoods are eligible for this offer. Lowder New Homes is giving up to $2,500 towards closing and Preferred Lenders are giving up to $5,000 towards closing for a total of up to $7,500. Seller concessions are limited by law and therefore certain restrictions and limitations apply. Homes and home sites currently under contract do not qualify. Home and community information, including pricing, features, amenities, terms, and availability are subject to change at any time without notice or obligation. Lowder New Homes reserves the right to modify or terminate any promotion without notice. This offer or incentive is not redeemable for cash and cannot be combined with another offer.

$5,000 in Closing Cost Assistance with Renasant Bank

Closing Cost Assistance with Renasant Bank

Unlock Up to $5,000 in Closing Cost Assistance With Renasant Bank!

Eligible homeowners can use this assistance toward essential expenses like home appraisals, recording fees, and other one-time costs, making your path to homeownership even smoother.

Borrower Eligibility: To qualify for Renasant’s Closing Cost Assistance, borrowers must be approved for a mortgage loan product with Renasant Mortgage Lending. Eligible products include Conventional, FHA, VA, and USDA loans.

Property Eligibility: This offer is available to qualified borrowers purchasing their primary residence. Please note that geographic restrictions apply.¹

Learn more and see if you pre-qualify! 

Why Choose New Park?

New Park, a master-planned neighborhood in East Montgomery, Alabama, is designed to accommodate every stage of life with its serene landscaping, sparkling Chastain Lake, inviting neighborhood pool with a splash pad, and versatile clubhouse. Enjoy neighborhood amenities like the ParkPlayce playground, scenic 1-mile walking path, and easy access to nearby schools, the YMCA, and premier shopping, dining, and entertainment options.

 

Closing Cost Assistance with Renasant Bank

¹Property must be located in a Low-to-Moderate Income or Majority Minority Census Tract as defined by the U.S. Census Bureau and within a Renasant Bank assessment area.

©2024 Renasant Bank. NMLS 402669. All loans or offers of credit are subject to credit and underwriting approval. Additional fees, conditions, and restrictions may apply. This is not a commitment to lend.

 

$500 Lowder New Homes Military Upgrade Incentive

woman in military uniform hugging and kissing her child

Military families often encounter unique challenges when relocating, from finding the right home in a short time frame to ensuring their new community meets their family’s needs. The pressure to make quick decisions can add significant stress to an already demanding process.

As a token of appreciation for your service and sacrifices, Lowder New Homes is offering an additional $500 toward any current upgrade offer in select neighborhoods, including the beautiful New Park community. It provides you with extra flexibility to enhance your new home with features that matter most to you and your family.

Why Choose New Park?

New Park, a master-planned neighborhood in East Montgomery, Alabama, is designed to accommodate every stage of life with its serene landscaping, sparkling Chastain Lake, inviting neighborhood pool with a splash pad, and versatile clubhouse. Enjoy neighborhood amenities like the ParkPlayce playground, scenic 1-mile walking path, and easy access to nearby schools, the YMCA, and premier shopping, dining, and entertainment options.

Learn more and explore the best options for you!

 

woman in military uniform hugging and kissing her child

*Seller concessions are limited by law and therefore certain restrictions and limitations apply. Homes and home sites currently under contract do not qualify. Home and community information, including pricing, features, amenities, terms, and availability are subject to change at any time without notice or obligation. This offer or incentive is not redeemable for cash or credit against the purchase price. 

New Construction vs. Resale Homes: Pros and Cons for Buyers in Montgomery

couple pointing at new construction home
couple pointing at new construction home

When it comes to buying a home in Montgomery, Alabama, one of the first decisions you’ll need to make is whether to purchase a resale property or a new construction home. Both options offer unique advantages and come with their own set of considerations. Understanding the pros and cons of each can help you make the best decision for your situation.

Why New Park is the Ideal Choice for New Construction Homes in Montgomery, AL

New Park offers an exceptional living experience that combines modern amenities, low maintenance, and a vibrant community atmosphere. Here’s why New Park stands out:

  • Modern Amenities and Low Maintenance: With new construction comes the benefit of modern amenities and energy-efficient systems that reduce your utility costs and maintenance worries. New Park’s new construction homes are designed to provide a comfortable, convenient lifestyle with minimal upkeep.
  • Vibrant Community: New Park’s thoughtfully planned community is designed to meet the needs of families and individuals at every stage of life. Whether you’re strolling by the lake, enjoying the neighborhood pool, or attending community events, you’ll find that New Park offers premium community amenities and a welcoming atmosphere that enhances your daily life.
  • Prime Location: Situated in East Montgomery, New Park offers easy access to everything you need, from schools to fitness facilities to shopping and entertainment. This prime location ensures that you can enjoy the best of Montgomery.

If you’re looking for a home that aligns with your lifestyle and offers the benefits of modern design in a thriving community, buying a new construction home in New Park might be the perfect choice! Discover your dream home in New Park.

Pros and Cons of Buying a New Construction Home

Pro: Pristine, Move-In Ready Condition

New construction homes are built from the ground up with brand-new materials, ensuring that everything from the roof to the foundation is in perfect condition. The appliances, plumbing, electrical systems, and even the paint on the walls are all untouched by previous occupants, eliminating any concerns about wear and tear or hidden issues that can sometimes come with older homes.

This fresh start means you won’t need to spend time or money on repairs, renovations, or updates before moving in. Whether it’s the floors, countertops, or fixtures, everything in a new construction home is clean, modern, and ready for you to make it your own. 

Pro: Modern Features and Energy Efficiency

New construction homes are designed with modern living in mind, incorporating the latest technology, design trends, and energy-efficient features. Modern kitchens, bathrooms, and living areas are designed with features like large islands, walk-in closets, and spacious showers that enhance comfort and convenience.

Energy efficiency is another major advantage of new construction homes. Built with high-performance windows, better insulation, and state-of-the-art HVAC systems, these homes are designed to minimize energy consumption and reduce utility costs. Many new homes also come equipped with energy-efficient appliances, LED lighting, and even smart home systems. These features not only provide a more comfortable living environment but also contribute to lower utility bills and a smaller environmental footprint.

Pro: New Home Warranties

New construction home warranties often include coverage for major systems such as the HVAC, plumbing, and electrical, as well as structural components like the foundation and roof. The peace of mind that comes with these warranties cannot be overstated, as they protect you from unexpected repair costs during the initial years of homeownership.

Many new home builders also offer a builder warranty that covers any defects in materials or craftsmanship. This means that if you encounter any issues with the quality of the construction, the builder will address and resolve them at no additional cost to you.

Energy efficiency is another major advantage of new construction homes. Built with high-performance windows, better insulation, and state-of-the-art HVAC systems, these homes are designed to minimize energy consumption and reduce utility costs. Many new homes also come equipped with energy-efficient appliances, LED lighting, and even smart home systems. These features not only provide a more comfortable living environment but also contribute to lower utility bills and a smaller environmental footprint.

Con: Higher Initial Investment

New construction homes often come with a premium price tag compared to resale properties, primarily due to the new materials, modern designs, and advanced technologies used in their construction. While basic models may come with standard features, many buyers choose to personalize their homes with higher-end finishes, upgraded appliances, and custom layouts, all of which can add to the overall cost.

While the upfront costs may be higher, new construction homes typically offer significant savings over time due to their energy efficiency and lower maintenance needs. Modern insulation, windows, and HVAC systems help reduce utility bills, and the brand-new condition of the home means fewer repairs and replacements in the first few years of ownership. For many buyers, the long-term savings and the ability to move into a home that perfectly suits their needs justify the higher initial investment.

Con: Limited Room for Negotiation

New home builders set prices based on the costs of materials, labor, and the value of the land, leaving little room for negotiation. Additionally, while builders might offer new home buying incentives such as closing cost assistance or upgrades, these offers are often predetermined and may not be tailored to individual buyers’ needs.

This fixed pricing structure can be a downside for buyers who are accustomed to the negotiation flexibility often found in the resale market. It’s important to remember that while the price of a new construction home might be less negotiable, the value often lies in the quality of the materials, the latest technology, and the peace of mind that comes with a new build.

Con: Waiting Period for Completion

Unlike resale homes, which are typically ready for immediate occupancy, new construction homes often require several months of building time before they are move-in ready. This waiting period can vary depending on the size of the home, the complexity of the design, and the builder’s schedule.

For buyers who need to relocate quickly, this waiting period can be a major inconvenience. It’s important to weigh this against the benefits of getting a home that’s built to your specifications and equipped with the latest features. While the wait can be challenging, the reward is a home that is perfectly tailored to your tastes and lifestyle.

Pros and Cons of Buying a Resale Home

Pro: Immediate Availability

One of the biggest advantages of purchasing a resale home is the immediate availability. Resale homes are typically move-in ready as soon as the purchase is finalized. This can be particularly beneficial for buyers who need to relocate quickly due to job changes, family needs, or other time-sensitive circumstances. Immediate availability means you can start enjoying your new home and settling into your neighborhood right away.

There’s also a certain comfort in being able to walk through the home and see exactly what you’re getting. Unlike new construction, where you might be relying on floor plans and renderings, a resale home allows you to experience the space as it is, making it easier to visualize your life there.

Pro: Potential for Negotiation

Sellers of resale homes may be willing to negotiate, particularly if the home has been on the market for a while. This can create opportunities for buyers to secure a better deal, whether through a lower purchase price, seller-paid closing costs, or other concessions. Buyers of resale homes can also often negotiate for the inclusion of certain fixtures, appliances, or even furniture as part of the sale.

Pro: Potential for Instant Equity

If you buy a home in need of cosmetic updates, you can quickly increase its value through renovations like new flooring, updated kitchens, or modernized bathrooms. This can be a smart investment strategy, allowing you to build equity faster than with a new construction home, where the purchase price reflects the home’s brand-new condition and market value.

For handy buyers or those willing to take on a bit of work, resale homes can offer a unique opportunity to purchase a home below market value and add personal touches that increase its worth. This potential for instant equity can be particularly appealing in a rising market, where home values are expected to appreciate.

Con: Potential for Hidden Costs

While a resale home may appear well-maintained during your initial walkthrough, underlying issues might not become apparent until after you’ve moved in. Common areas of concern include outdated plumbing, electrical systems, roofing, and HVAC units that may be nearing the end of their lifespan.

Additionally, older homes often come with appliances and fixtures that are no longer under warranty and may need to be replaced sooner than those in a new construction home. These hidden costs can add up quickly, turning what seemed like a good deal into a financial burden. A thorough home inspection is crucial, but even with an inspection, some issues may not be discovered until after you’ve settled in.

Con: Limited Customization Options

When you purchase a resale home, you are essentially buying someone else’s vision of what a home should be. The layout, room sizes, and overall design are already set, leaving little room for immediate customization without embarking on costly renovations. This lack of flexibility is a notable downside compared to the customization options available with new construction homes. 

Con: Higher Maintenance Requirements

Resale homes generally require more maintenance and upkeep than new construction homes. This might include re-roofing, repainting, or replacing worn-out flooring. For buyers who prefer a low-maintenance lifestyle, these ongoing demands can be a significant drawback, especially when compared to the lower maintenance requirements of a new construction home where everything is brand new and under warranty.

Lowder New Homes is offering up to $25,000 for buyers to use towards the purchase of a pre-sale or move-in ready home in participating neighborhoods like New Park when you work with a Preferred Lender! This generous incentive can be applied towards upgrades, reducing your interest rate, covering closing costs, and more.

$25,000 Lowder New Homes Incentive

lowder new homes 2024 incentives

lowder new homes 25,000 incentive offer

Lowder New Homes is offering up to $25,000 for buyers to use towards the purchase of a pre-sale or move-in ready home in participating neighborhoods like New Park when you work with a Preferred Lender.

This generous incentive can be applied towards upgrades, reducing your interest rate, covering closing costs, and more when you work with a Preferred Lender.

Why Choose New Park?

New Park, a master-planned neighborhood in East Montgomery, Alabama, is designed to accommodate every stage of life with its serene landscaping, sparkling Chastain Lake, inviting neighborhood pool with a splash pad, and versatile clubhouse. Enjoy neighborhood amenities like the ParkPlayce playground, scenic 1-mile walking path, and easy access to nearby schools, the YMCA, and premier shopping, dining, and entertainment options. Your new home in Montgomery awaits!

Speak with an LNH agent or a Preferred Lender today to learn more and explore the best options for you!

 

Lowder New Homes Preferred Lenders

This offer applies to pre-sale and move-in ready homes in participating neighborhoods that are financed through a Lowder New Homes Preferred Lender only. Lowder New Homes is offering up to $20,000 in buyer incentives and our Preferred Lenders are offering up to $5,000 to help cover closing costs for a total of up to $25,000. Seller concessions are limited by law and therefore certain restrictions and limitations apply. Homes and home sites currently under contract do not qualify. Home and community information, including pricing, features, amenities, terms, and availability are subject to change at any time without notice or obligation. Lowder New Homes reserves the right to modify or terminate any promotion without notice. This offer or incentive is not redeemable for cash and cannot be combined with another offer.

5 Reasons to Choose a Local Mortgage Lender

family meeting with local mortage lender

family meeting with local mortage lender

As you navigate the intricate process of buying your dream home, there’s one critical aspect that deserves your attention: choosing the right mortgage lender. Jimmy Parsons, Branch Manager and Mortgage Advisor at Guild Mortgage, shared invaluable insights with us into why opting for a local lender can be the game-changer you need on your home buying journey.

 

Let’s talk about why partnering with a local lender should be your top priority when securing a mortgage for your New Park residence– or any home in Montgomery!

 

1. Customization

Mortgages are far from one-size-fits-all. Working with a local lender allows for the tailoring of mortgage loan programs to perfectly align with your financial goals and budget. “A knowledgeable local lender will help you select the most advantageous loan structure, saving you a substantial amount of money, both now and in the future,” Parsons explained. 

2. Enhanced Offer Acceptance

In Montgomery’s competitive real estate market, quick offer acceptance is key. Local lenders often have strong relationships with listing agents, increasing the likelihood of your offer standing out. When agents recognize and trust your lender, your offer gains a competitive edge.

3. Seamless Closings

Closing on a home can feel daunting, but it can be a smooth process with the right support. Thanks to their partnerships with local closing attorneys, local lenders ensure a streamlined closing process. Their familiarity with local procedures eliminates unnecessary delays, guaranteeing a seamless experience for you.

4. Accurate Cost Estimates and Expert Valuations

Unexpected costs during closing are every homebuyer’s nightmare. Parsons shared, “With an intimate knowledge of closing costs, local lenders provide the most precise estimates, avoiding any unpleasant surprises.” They also collaborate with local appraisers who understand the area’s nuances, ensuring accurate property valuations.

5. Personalized Service and Trusted Connections

Need to discuss your mortgage options face-to-face? No problem. Local lenders offer personalized service and the convenience of in-person consultations. They can also connect you with other essential local service providers, from home insurance to pest control and repairs. 

Partnering with a local lender isn’t just about saving money- it’s about saving time, reducing stress, and making your home buying experience as rewarding as it should be. When it comes to choosing a mortgage lender for your New Park home, choose smart and choose local. Your future self will thank you for it!

Ready to explore the possibilities of homeownership in New Park? Get started on your home buying journey!

BONUS: Hear expert insights directly from Jimmy Parsons, Branch Manager and Mortgage Advisor at Guild Mortgage!

Unlock the secrets to a smoother homebuying journey! Find out why the order of your approach matters and how making the right choice could save you time, money, and stress. 

Community Homebuyer Loan Program

Renasant Mortgage Lending is offering their Community Homebuyer Program to those with low-to-moderate household incomes and those purchasing properties in designated areas. ​

Community Homebuyer Program Features:

  • No Down Payment or Mortgage Insurance Required.*
  • Up to 100% LTV.
  • Credit score and some income restrictions may apply.
  • Single Family Homes, Condos, and Planned Unit Development as Primary Residence are eligible.

Speak to a Renasant Mortgage Banker today to see if you qualify!

Disclosures

*Community Homebuyer Program 100% financing conditions include primary residence requirements.

* All loans or offers of credit are subject to credit and underwriting approval. Other fees, conditions, and restrictions may apply. This is not a commitment to lend. The interest on the portion of the credit extensions that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; and you should consult a tax advisor for further information regarding the tax deductibility of interest and charges. Please contact a loan officer for details and questions.

First F-35A fighter jet arrives in Montgomery

A group of people standing around a plane

MONTGOMERY, Ala. (WSFA) – This morning, a special ceremony was held at Dannelly Field to welcome the arrival of the new F-35A fighter jets.

Dannelly Field is the home of the 187th Fighter Wing, which is considered one of the United States Air Force’s most reliable combat units. This is why the unit has been tasked with flying the world’s most advanced stealth fighter jet and training the next generation of fighter pilots.

“It’s a clear reminder that our state is at the forefront of defending freedom, not just for ourselves, but for future generations,” stated Alabama Governor Kay Ivey.

The F-35A replaces the F-16′s that left Dannelly Field last year. It’s said that the new F-35A costs less and will have a much longer lifespan.

“So many partners played a role in getting the F-35′s here to Dannelly field. So, this day is not just for the 187th. But it’s an entire team of teams, our state and local partners, our federal delegation, our supportive community, and many others who have been dedicated to ensuring our Alabama airmen remain at the very forefront of military capability. This is an incredible achievement,” said Alabama National Guard Adjutant General Brigadier General David Pritchett.

The new aircraft is also expected to bring more people to the Montgomery workforce. Officials say that about 2,000 jobs are directly or indirectly tied to the F-35A, with an economic impact totaling 2 billion dollars.

Over the next five years, the 187th Fighter Winger will receive a total of 20 of the new jets.

 

 

This article was written for wsfa.com by WSFA 12 News Staff. To view the original article, please visit:

https://www.wsfa.com/2024/02/09/first-f-35a-fighter-jet-arrives-montgomery/

 

Grey Wolf Helicopter Training Unit Now Active at Maxwell Air Force Base

A group of people standing in front of a military vehicle

MONTGOMERY, Ala. (WSFA) – A new Grey Wolf helicopter training unit was activated at Maxwell Air Force Base on Wednesday.

The new unit is known as the 58th Operations Group Detachment 3.

It is responsible for formally training all aviators who will fly the MH-139 Grey Wolf helicopter, the Air Force’s newest helicopter.

The 908th Airlift Wing used to fly cargo planes. To get ready for the helicopters, it needed a major overhaul and underwent a multi-million dollar construction project. When it’s all said and done, the facility will house six training stations, including two operational flight trainers, a weapons simulator, and an integrated aircrew systems trainer.

This has been a years-long process. It was first announced that the MH-139 Grey Wolf helicopter was coming in 2020.

 

This article was written for wsfa.com by Bethany Davis and Brady Talbert. To view the original article, please visit:

https://www.wsfa.com/2024/01/31/908th-airlift-wing-activates-dept-defenses-only-grey-wolf-helicopter-training-unit/

Call Now: 334-215-9215