Alabama Credit Union Mortgage Rates

Alabama Credit Union is advertising some of the best mortgage rates available these days. The credit union is offering several different mortgage types and terms.

The credit union is also offering home loans for up to 95% of the home's value. Home loans with 91% LTV to 95% LTV will require you to take out private mortgage insurance (PMI). Loans for up to 90% of the value of a home do not require PMI. Most banks and credit unions require PMI if the LTV is more than 80%.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 23223, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.291%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.291%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






The lowest mortgage rate is for their 10 year fixed First Mortgage. The current 10 year mortgage APR is 4.50 percent with an APY of 4.75 percent.

Here is a current list of mortgage rates from Alabama Credit Union:

  • 10 year 4.50% APR 4.75% APY

  • 15 year 5.00% APR 5.25% APY

  • 30 year - Call Teresa Simpson at 205-348-3889 for rates

  • 3/1 ARM - 4.75% APR 5.00% APY

  • 5/1 ARM - 5.00% APR 5.25% APY

  • 7/1 ARM - 5.25% APR 5.50% APY


For a quick explanation of mortgage APR and APY read: Mortgage Rates: APY vs. APR

For more information and current mortgage rates visit: //www.alabamacu.com/index.cfm
 
 
Author: Jason P. Jones
March 9th, 2010