Mortgages
If you're in the market to buy a home, you're probably excited, but also a bit nervous. We want to help by getting to know you better and understanding your goals. We can help you select the best rates and terms to meet your needs so you can start making a house your home.
Purchasing a home is a big decision, whether you are a first time homebuyer or upgrading your home. If you want a monthly payment that’s consistent for as long as you have your home, a fixed-rate home loan from Listerhill is the way to go.
An adjustable-rate mortgage lets you secure a low initial payment and take advantage of every opportunity to reduce your rate over the length of your mortgage. We can help you get the best rates and terms that you need to purchase the home you want at an affordable rate.
Use a short-term construction loan to build your dream home or add the additions you’ve always wanted. Then switch to a long term mortgage with affordable monthly payments.
Obtain a low-interest land loan to cover the costs of purchasing a plot of land for your home or business needs.
Home Loan Rates
| Loans | APR | Maximum Term |
|---|---|---|
| 30 Year Fixed Rate | Call 1-800-239-6033 for the latest rate | 30 years |
| 20 Year Fixed Rate | Call 1-800-239-6033 for the latest rate | 20 years |
| 15 Year Fixed Rate | Call 1-800-239-6033 for the latest rate | 15 years |
| Home Equity Line of Credit | as low as 4.00% | 10 year draw, 20 year payback |
| 3/3 Adjustable Rate Mortgage | as low as 5.99% | 3 years (amortized over 30 years) |
| 5/5 Adjustable Rate Mortgage | as low as 6.50% | 5 years (amortized over 30 years) |
| Short Term Fixed | as low as 6.50% | 10 years |
| Construction Loan | as low as 7.24% | 12 months |
| Land Loan | as low as 7.50% | 20 years |
| 5/5 Adjustable Rate Mortgage - 100% of Purchase Price | as low as 7.75% | 5 years (amortized over 30 years) |
Effective 2/17/23
* All rates and terms are subject to change without notice.
All loans and credit cards subject to credit approval; Actual rate will be determined by the credit worthiness of the borrower. Other restrictions may apply. Rates are subject to change without notice. Equal Housing Lender. The annual percentage rates (APR) on adjustable-rate home loans may vary and are subject to change after consummation. Please call a loan officer for down payment information.
Apply Today to Lock In Your Rate
Home loan rates are constantly changing. Some days that change is minimal and other days the change is dramatic. Making such a large purchase can make it tempting to wait for a better rate but because rates go up and down, it’s often better to lock in your rate. You’ll know what your rate is and what you can or can’t afford as you shop around. Plus, if a better rate comes along, you can still use our float-down option to take advantage of the rate drop. Apply today, find your rate, and lock it in!
Get up to 100% financing on select mortgage products.
Consult with one of our friendly loan officers about a payback term that fits your goals.
Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.
Get into a home with a low adjustable rate or at a fixed rate set by the market.
Build the home (or addition) of your dreams.
Don't have the cash to put down? Qualify for a low (sometimes no) down payment with FHA, USDA, or VA mortgage loans.
Buy your home without ever entering a branch.
We charge no Mortgage Tax for Alabama real estate, no admin fees ever for our In House Loans, and have discounted origination fees on purchases.
When you get an In House Loan with Listerhill, pay no monthly charge for Mortgage Insurance so you can dedicate your full monthly payment to your actual loan.
Enjoy the perk of no Maintenance Fee with your Listerhill membership while your Listerhill loan is open or has been open within the last 12 months.
NMLS# 449408
4790 E 2nd St, Muscle Shoals, AL 35661
256.383.9204, ext. 1222
saldridge@listerhill.com
NMLS# 207237
1623 Hatcher Lane, Columbia, TN 38401
256.383.9204, ext. 3813
cneill@listerhill.com
NMLS# 198718
4790 E 2nd St, Muscle Shoals, AL 35661
256.383.9204, ext. 1386
vwilson@listerhill.com
NMLS# 1816083
1812 Woodward Ave, Muscle Shoals, AL 35661
256.383.9204, ext. 2941
arobinson@listerhill.com
NMLS# 1962170
300 US-72, Killen, AL 35645
256.383.9204, ext. 3940
bcunningham@listerhill.com
NMLS# 655785
22223 US HWY 72 Athens, AL 35613
256.383.9204, ext. 1397
klewis@listerhill.com
NMLS# 1701666
13400 Highway 43, Russellville, AL 35653
256.383.9204, ext. 2321
kcummings@listerhill.com
NMLS# 534384
1850 Cherokee Avenue Southwest, Cullman, AL 35055
256.383.9204, ext. 2825
nstarnes@listerhill.com
Do The Math
Should I purchase a home?
Empower yourself to make smart financial decisions. Use our calculators to figure out if purchasing a home is a good option for you.
Have you considered?
Discounted Home Insurance
We have partnered with TruStage Insurance to give our members discounted rates on Auto, Home, & Life Insurance.
Frequently asked questions about credit union mortgage loans
-
Is a credit union better for mortgages? Securing a mortgage through a credit union is preferable for many seeking to purchase a new home or refinance. Credit unions often offer more competitive mortgage rates in Alabama and are more flexible with their terms and conditions.
-
Does it matter who your mortgage is with? Yes because choosing the right lender for your home loan or refinance can lead to a better transaction overall. This is especially important if you are a first time homebuyer or attempting to qualify under special circumstances.
-
Is it better to refinance with a credit union? In many situations, yes. Refinancing with a credit union can allow you to secure lower interest rates, flexible qualifications, and credit counseling to support you in being financially prepared to qualify and successfully maintain your mortgage.
Additional Questions?
Listerhill has consistently been rated in the top tier for overall satisfaction by our members. While we hope you find the information you need online, we'd be happy to talk with you about questions you may have. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Or even stop by one of our branches for personal service.
Solutions Center
Need Help Finding a Solution?
Answer a few questions and we will find a solution that works for you. It only takes a few seconds.
©
2023
Listerhill Credit Union (en-US).
All Rights Reserved.
Federally insured by the NCUA.
NMLS #439260