Loan Options


Want to Buy a House?
Get a Loan from Us!

You’ve found the perfect home, but now you’re wondering how you’ll pay for it. From VA loans to fixed-rate mortgages, Jackson Mortgage Company, Inc. of Anniston, Alabama, offers a variety of loans to help you finance your new home. To find out more about qualifying for a particular loan, or to learn more about mortgage options, call us at (256) 237-5177. We serve the entire state of Alabama.



A VA loan is a 100-percent financing option available to current and past members of the United States Armed Forces and qualifying survivor spouses. They are backed by the United States Department of Veterans Affairs.

VA home loans often require no down payment* and help keep your savings secure and offer more flexibility for active-duty military personnel, veterans and eligible surviving spouses. 

  • Minimum credit score of 600
  • No prepayment penalties
  • No private mortgage insurance (PMI)
  • 100% financing with full VA entitlement*
  • Fixed Rate Options
  • We offer VA Cash Out Refinances 
  • We offer Interest Rate Reduction Refinance Loan (IRRRL) 

*A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits.



Federal Housing Administration insured loans require a small down payment, but are flexible and can fit a variety of credit situations and income levels. This is a great product for first-time homebuyers or buyers with low to moderate incomes. 

  • Minimum credit score of 600
  • No prepayment penalties 
  • Minimum down payment of 3.5% based on the purchase price 
  • Flexible income and credit requirements 
  • Fixed Rate Options
  • Allow gift funds from a relative or employer to be used for down payment *subject to underwriting review and approval 
  • Allow seller to contribute up to 6% of buyer’s closing costs 
  • We offer FHA Cash Out Refinances up to 80% of appraisal value 
  • We offer FHA Streamline Refinances



Avoid having to look for additional home financing by obtaining a loan from the United States Department of Agriculture. USDA rural housing loans are 100-percent financing options that are dependent on income and the location of the home being purchased. The loan term for a USDA loan will always be 30 years, as all USDA loans are 30-year mortgages. 

Applicants must meet the USDA’s income-eligibility limit, meaning the applicant cannot exceed 115% of the area’s median household income. Since area median income varies by locale, USDA home loan income limits may vary by state and even county. Income limits are based on Household Income.

Eligibility for USDA mortgage loans are based on the property size, location and condition of the home. The property must fall in a USDA designated rural area, first of all. The home must also be the loan recipient’s primary residence.

  • Minimum credit score of 620
  • No prepayment penalties 
  • 100% Financing – No Down Payment 
  • Fixed Rate Options 
  • Allow seller to contribute up to 6% of buyer’s closing costs 
  • We offer USDA Streamline Refinances



You always know what your monthly payment will be when you have a conventional fixed-rate mortgage. That’s because the interest rate stays the same for the length of the loan. A conventional fixed-rate mortgage purchases up to 95% of the loan’s value without PMI insurance.

  • Minimum credit score of 680
  • No prepayment penalties 
  • Down payments as low as 3% for First Time Homebuyers 
  • Depending on the down payment, the seller can contribute from 3% to 6% of buyer’s closing costs 
  • No Private Mortgage Insurance (PMI) when you put down 20% or more 
  • We offer Conventional Cash Out Refinances up to 80% of the appraisal value 
  • We offer Conventional Rate/Term Refinances

Loan Application

We use secure submission software to protect information you provide on the loan application. After you submit your information through our Contact page, we’ll be in touch to continue and finish the loan application process. 

When applying in person, be sure to bring the following:

  • Paystub(s) – 30 Days or Income Letter
  • Last 2 Years W-2 Forms / 1099’s 
  • Last 2 Years Federal Tax Returns 
  • 2 Recent Checking & Savings Bank Statements 
  • Driver’s License / Form of Identification