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Home Loans

Whether you’re looking to finance or refinance your home, need a home equity line of credit (HELOC) for large purchases or home projects we can design a mortgage to meet your individual needs. Our real estate loans feature low interest rates, affordable down payments and competitive closing costs. We offer FHA/VA real estate loans as well as USDA loans up to 100% loan to value. AlaTrust Credit Union offers a wide variety of home loans that best fit your needs.

Congratulations on taking the first step to buying your new home. You’ve come to the right place. We offer a first-time homebuyers guide to help ensure you’re on the right path. With a little extra help from #theloanheadquarters, you’ll be holding the keys to your new home in no time.

We originate a variety of real estate loans, including conforming and non-conforming loans, for purchases or for refinancing with fixed rate terms up to 30 years. Rates are subject to daily market rates. For more information or questions concerning rates and terms call 800-264-8031.

Home Buyers Guide

Fixed Rate Real Estate Loans are ideal for homeowners who want the security of a monthly payment that will not change over the life of their loan. A fixed-rate mortgage has an interest rate that remains the same. This is a great choice for buyers who want a stable monthly mortgage payment for the long term. Our Conventional Fixed-rate Mortgage rates are among the lowest interest rates we offer. We proudly offer numerous options with Fixed Rate Real Estate loans. For more information or questions concerning rates and terms call 800-264-8031.

Adjustable Rate Mortgages (ARM) are ideal for homeowners who may move soon, pay off the home loan quickly or are willing to take the risk that the rate will adjust lower in the future. This real estate loans offers a lower initial interest rate than fixed loans and the rate can adjust periodically. This means your monthly payments could be higher or lower throughout the life of the loan.

You have several options available for how long the initial lower interest rate will be in place. Once that time period is over, the interest rate can change every year. The interest rate changes based on market conditions, using an index published in the Wall Street Journal. So, if the index rate does down, your monthly payment may go down, depending on the type of Adjustable Rate Mortgage you select. Even though the rate can change throughout the loan, there are limits, or caps, on how much the rate can increase or decrease.

AlaTrust has a variety of Adjustable Rate Mortgages. Your loan officer can help you select the right one for your unique situation. For more information about our ARM loan call 800-264-8031.

You’re completely unique and so is your ideal home. If you’re in the housing market and looking to personalize your home, a construction loan could be a great option. Our construction loans offer you the quick, affordable financing you need to make your dream a reality. Construction/Perm loans with one closing are available. For more information about our construction loans call 800-264-8031.

A Home Equity Line of Credit is a great way to leverage the value of your home and ensure you have funds available for whatever you want. Go ahead, renovate that kitchen. Add a second bathroom. Turn your extra garage space into a home office. Whatever you’re looking to do, one of the best ways to put money into your home is to use the money you get out of it. With a Home Equity Line of Credit, you can borrow against your home’s value to fund any number of improvement projects — and at a low interest rate. For more information about our HELOC call 800-264-8031.

How does a home equity line of credit work?

Like a credit card, a Home Equity Line of Credit (HELOC) allows you to borrow what you need, as you need it, up until you reach your credit limit.

The amount of credit you could get is determined by your home equity and other factors. If you have a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity.

A line of credit when you need it. A Quick Close Home Equity Loan is a revolving line of credit that’s there when you need it with fast processing and little to no closing cost. Cover emergency car repairs, bills in between paychecks, or whatever else you might need. It’s easy, flexible and gives you peace of mind about surprise expenses. Loans are available between the amounts of $10,000 to $150,000. Other qualifications may apply. For more information about our Quick Close Loan call 800-264-8031.

Turn your current home into your dream home. Renovations can increase your home’s value. If your home needs a little TLC, but you don’t have substantial equity in your home yet, then a Home Improvement Loan could be what you need. AlaTrust can now finance up to 133% of your home’s value to make those updates. Get started on your next project today. For more information about our Home Improvement loans call 800-264-8031.

  • Max 10-year amortization
  • Property must be borrower’s primary residence

View Rates  Apply Online  Home Buyers Guide