Ready to buy or refinance your home? Check out your options.

» New mortgage products now available.
» Up to 90% financing with no PMI on our 3/1, 5/1, 7/1 ARM and Fixed-Rate mortgages
» Home equity line of credit may be the only loan you'll ever need -- and we'll pay closing costs.*

» Calculate your mortgage costs


For more information on mortgages:


Mortgage Loans
Alabama Credit Union offers two types of first-mortgage real estate loan programs, with unique features and several products available under each program. Our home equity line-of-credit and fixed-rate second mortgage programs also present extraordinary value to borrowers.

Program 1: Our 'in-house' mortgage program features:

  • Lowest closing costs
  • Less documentation required to obtain a credit decision (usually requires two years' proof of income, copy of sales contract or deed)
  • Fixed (up to 15 years) and variable-rate (up to 30 years) loan products
  • Financing up to 90% with no private mortgage insurance (PMI)
  • Financing up to 95% plus closing costs with PMI
  • Competitive rates
  • No points on Adjustable Rate Mortgages. 1/2 point for Fixed Rate Mortgages.
  • Rate protection locks at no charge to you. If your loan is being processed* and rates increase, we'll honor the rate you were disclosed. If our same-product rate falls while your loan is being processed, you get the lower rate! (*This means 'active processing.')
  • Loans for home purchases, home construction and home refinances, vacant lots and vacant land
  • Current rates

Program 2: Our conventional mortgage program offers you:

  • Most competitive rates
  • Closing costs comparable to those charged by national mortgage lenders
  • Fixed-rate (up to 30 years), variable-rate, first-time buyer and other special products
  • Higher loan-to-value limits
  • Escrow for property taxes and hazard insurance
  • Loans usually closed through a corporation that exclusively serves credit unions, and has never sold a member's loan
  • Loans for purchases, construction and refinances
  • Contact us for current rates (rates change daily)

Our second-mortgage program includes Home equity line-of-credit loans up to 90 percent loan-to-value

For more information about our mortgage programs and the many products available to you, call a mortgage loan officer today. In Tuscaloosa, contact Teresa Simpson at 205-348-3889 or 888-817-2002 or Kyson Mauter at 205-348-3887; in Huntsville, contact June Landrum at 256-824-6903; in Orange Beach, contact Sharon Mozingo at 251-974-5944; in Foley, contact Sandra Jones at 251-974-5369.

For details about our low- or no-closing-cost second mortgage programs, phone a mortgage loan officer at 205-348-3889 or 256-824-6518.

Real estate loan applications not accepted via email; please download a printed application, complete and forward to Alabama Credit Union’s main office at 220 Paul Bryant Drive East, Tuscaloosa, AL 35401, or our Huntsville office at UAH-851 John Wright Drive, Huntsville, AL 35899.

 Need a loan? Click here , or phone 1-888-817-2002 during business hours, or 1-866-564-2848 after business hours. You'll get instant service!

 









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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Your savings are additionally insured to $250,000 by Excess Share Insurance. To estimate your National Credit Union Share Insurance Fund coverage, use this insurance estimator or download NCUA's Your Insured Funds brochure. Alabama Credit Union does business in accordance with the Equal Credit Opportunity Act and the Federal Fair Housing Law. We are an Equal Housing Lender. Rates expressed as Annual Percentage Rate or Annual Percentage Yield; all rates and terms subject to change without notice. For complete account disclosures, ask for a copy of our Membership & Account Agreement, Reg CC (Funds Availability) and Reg E (Electronic Transfers) disclosures, Fee Schedule and Member Business Account™ Fee Schedule. Membership eligibility required. Alabama Credit Union is not responsible for content of Web sites which may be accessible via links from this site but are not operated by Alabama Credit Union, and does not represent either the third party or the member if the two enter into a transaction; privacy and security policies may differ from those practiced by Alabama Credit Union.

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