Home Loans

Contact A Mortgage Officer

Your home is where our heart is.

When you're ready to buy or refinance your home, Alabama Credit Union is ready with a variety of Fixed-Rate, first time buyer, zero down payment and Adjustable Rate Mortgages. 

We offer knowledgeable mortgage experts to guide you through the process and competitive rates & low closing costs from a lender that knows its members, and its community.

10, 15, and 30-year at Fixed or Adjustable Mortgage Rates

  • Flexible financing at competitive rates!
  • Rates updated daily
  • Low closing costs and origination fees
  • Financing up to 90%
  • Minimal documentation required
  • 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!
  • Loans for home purchases, home construction and home refinances, vacant lots and vacant land.

Contact A Mortgage Officer

USDA Rural Housing Loan

If you’re looking to purchase a home in a rural community in Alabama, a mortgage guaranteed by the United States Department of Agriculture (USDA) may be your perfect solution. Under this program, you can purchase your dream home with little or no money down.

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FHA Mortgage

  • Low down payment - only a 3.5 percent down payment is required.
  • Specialized financing
  • More flexible underwriting - specifically designed for those borrowers who don’t meet the more stringent underwriting and credit requirements of conventional loans.
  • Typically carries lower interest rates, and are available to everyone in Alabama.

Contact A Mortgage Officer

VA Loans

  • Financing up to 100% for both purchase and refinance loans.
  • 15, 20 & 30-year fixed rate terms available.
  • Low closing costs
  • No private mortgage insurance requirement
  • Counseling and assistance available through the VA to veteran borrowers having financial difficulty or facing default on their loan.

Contact A Mortgage Officer

Home Equity Line of Credit

There's no loan more adaptable than our Home Equity Line of Credit (HELOC). You can borrow up to 90% of the value of your home (less any outstanding mortgage); you can repay as quickly as you wish or make only the minimum monthly payment; you may be able to use the interest you pay as a tax deductions (consult your tax advisor); and you can use the loan for any purpose you wish.

With Alabama Credit Union there's no annual fee and approvals usually come within 24 hours. Once approved, your line of credit is good for up to 15 years and is instantly accessible to you through our online ACUiBranch®. When you borrow at least $10,000 and agree to owe us at least $5,000 after the first 24 months, Alabama Credit Union will pay closing costs***. 

Needing Insurance?

Alabama Credit Union partners with Liberty Mutual for exclusive discounts. Liberty Mutual offers a variety of insurance products including Home & Auto. Contact Liberty Mutual at 888.888.0375 today!

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Alabama Credit Union (“Lender”) offers several real estate mortgage products for home or land purchase, home construction and home refinance. Types of products offered can vary depending upon several factors and does not include any mortgage products in connection with Lender-owned properties. Some of Lender's products may be featured at AlabamaCU.com; Mortgage products change frequently and are therefore available upon request to Alabama Credit Union’s Mortgage Loan Department at (888) 817-2002. Subject to credit approval and acceptance of collateral. Lender requires Universal Residential Loan Application to be completed by borrower(s) and supporting documents to be provided, upon request. Membership Eligibility required.

ACU Home Loan Terms and Conditions

Mortgage Loan Originators and National Mortgage Licensing System Corresponding Unique Identifiers 

Rates are for reference only and are subject to change for better or worse, depending on market condition. Real estate loan applications not accepted via e-mail; please download a printed application, complete and forward to Alabama Credit Union’s main office at 220 Paul Bryant Drive East, Tuscaloosa, AL 35401.

***Maximum closing costs to be paid by Alabama Credit Union may not exceed $1,300.00; if closing costs exceed $1,300.00, borrower is required to pay those closing costs in excess of $1,300.00 prior to or at time of closing. No origination fee will be charged if loan balance remains above $5,000 for at least 24 months after closing; if loan balance falls below $5,000 within 24 months of closing, closing costs paid by Alabama Credit Union plus a $500 origination fee will be charged to borrower(s). 

**$500 off Closing Costs Disclosure: Membership Eligibility required. Alabama Credit Union (“Lender”) offers several real estate mortgage products for home or land purchase, home construction and home refinance. Annual Percentage Rates and terms for some product rates and terms may be featured at AlabamaCU.com; Annual Percentage Rates and terms for other mortgage products change frequently and are therefore available upon request to Alabama Credit Union’s Mortgage Loan Department at (888) 817-2002. Redemption of $500 Off Of Closing Costs coupon (“Closing Costs coupon”) subject to applicant’s submission and Lender’s approval of Universal Residential Loan Application. Closing Costs coupon not redeemable for cash, and will not be replaced if lost or stolen; value of Closing Costs coupon may only be applied to closing costs of real estate mortgage loan closed with Alabama Credit Union. Closing Costs coupon must be submitted at time of Loan Application that occurs on or prior to coupon expiration date, and may not be used in conjunction with any other offer for discounted closing costs for any real estate mortgage loan at Alabama Credit Union. Closing Costs coupon may not be used to refinance existing mortgage loans at Alabama Credit Union. Closing Costs coupon may be redeemed on real estate mortgage loan closed within 90 days of date that Closing Costs coupon is presented by member to Alabama Credit Union; a photocopy of Closing Costs coupon is not acceptable. Closing cost coupon may not be redeemed on some mortgage products; ask for details.