Fixed Rate Mortgages
First Mortgage rates below are based on $175,000 loan amount and purchase transaction. Second Mortgage rates below are based on $20,000 loan amount. For rate information on a 30 Year Fixed Mortgage, please contact our loan department at 888.817.2002.
10 Year Fixed, First Mortgage
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Rate
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APR
80%
Loan to Value %
.50%
Origination %
15 Year Fixed, First Mortgage
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Rate
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APR
80%
Loan to Value %
.50%
Origination %
10-Year Fixed, Second Mortgage
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Rate
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APR
100%
Loan to Value %
.50%
Origination %
Adjustable Rate Mortgages (ARM)
Mortgage Rates below are based on $175,000 loan amount and purchase transaction.
3/1 ARM, First Mortgage
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Rate
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APR
80%
Loan to Value %
0%
Origination %
5/1 ARM, First Mortgage
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Rate
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APR
80%
Loan to Value %
0%
Origination %
5/5 ARM, First Mortgage
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Rate
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APR
80%
Loan to Value %
0%
Origination %
7/1 ARM, First Mortgage
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Rate
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APR
80%
Loan to Value %
0%
Origination %
10/1 ARM, First Mortgage
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Rate
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APR
80%
Loan to Value %
.50%
Origination %
Home Equity Line of Credit (HELOC)
Home Equity Line of Credit (HELOC)
80%
Loan to Value %
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Rate
90%
Loan to Value %
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Rate
Subdivision Lots
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Rate
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APR
75%
Loan to Value %
.50%
Origination %
Land Loans Up To 20 Acres
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Rate
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APR
70%
Loan to Value %
.50%
Origination %
Please call for APR Rates by product. The above rates are for reference only and are subject to change for better or worse, depending on market conditions.
*HOME EQUITY LINE OF CREDIT. Rate: APR may vary in relation to an index. Rate will change each quarter (January 1, April 1, July 1, and October 1) based on the prior quarter's average 13-Week Treasury Bill, plus a margin of 3.4 percentage points for 80% value loans, or 4.4 percentage points for 90% value loans. Minimum payment: 1.25% of loan advance for 80% value loans, or 1.5% of loan advance for 90% value loans. If a balance remains on the maturity date, a balloon payment will result. Borrower agrees to repay closing costs paid by Alabama Credit Union if loan balance falls below $5,000 within 24 months after opening. Loans made on primary residence only. Consult a tax advisor regarding deductibility of interest. Offer applies to new Home Equity Line of Credit loans only; existing loans excluded.