Community Property	Right of Rescission	Attorney State	Maximum Number of Points	Table Funding	Individual Loan Officer Licensing	Physical Location Required
No	Yes	Yes	5 *		No	Yes
Flipping Allowed	Negative Amortization Loans Allowed	Prepayment Penalty Maximums	Maximum Debt to Income	Stated Income Loans Allowed	Wet State
	Yes	Banned

* The Alabama Consumer Credit Act limits the assessment of prepaid fees to 5% points.

Bankapedia’s Take:

< Prev		Next >

Group 1 Tab

Fill out our form below and a mortgage professional will contact you shortly.