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Mortgage Loan Process
- Visit the Anytime Advisor
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- Calculate your mortgage costs
- Choose the product that best suits your needs. Phone us at (888) 817-2002 to discuss current pricing, closing costs, and more.
- Obtain an Early Disclosure Package. It will detail the product you've selected, and explain all related costs.
- Provide Alabama Credit Union with a copy of:
» Deed to property
» Last two years' tax returns and current pay stub, or two years' tax returns if self-employed
» Recent tax appraisal
» 30-day payoff letter if you are refinancing an existing mortgage with another lender, or sales contract if you are purchasing a home
- Tell us when you need the funds from your loan, so that we can set up a closing for you.
- Choose a convenient method for making your monthly payment:
» Via your free ACUiBranch account (and you can make future HELOC loan advances via ACUiBranch, too);
» By automatic transfer from your deposit account (we'll set this up for you);
» By mail;
» By phone;
- Provide us with proof of homeowner's insurance, listing us as mortgage holder, as follows: Alabama Credit Union, P. O. Box 862998, Tuscaloosa, AL 35486.
- Attend the closing to sign the documents, and you're good to go!
Second Mortgage Loan Process
Our low-cost Second Mortgage loan permits you to borrow up to 100% of your home's equity, and take up to 10 years to repay. Here's how to get started:
- Apply online , or phone us at (888) 817-2002.
- Provide Alabama Credit Union with a copy of:
» Deed to property
» Last two years' tax returns and current pay stub, or two years' tax returns if self-employed
» Recent tax appraisal
- Tell us when you need the funds from your loan, so that we can set up an in-office closing for you.
- Choose a convenient method for making your monthly payment:
» Via your free ACUiBranch® account
» By automatic transfer from your deposit account (we'll set this up for you)
» By mail
» By phone
- Provide us with proof of homeowner's insurance, listing us as mortgage holder, as follows: Alabama Credit Union, P. O. Box 862998, Tuscaloosa, AL 35486.
- Sign the documents, and you're good to go!
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