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Fixed-Rate Mortgages

Secure a low fixed-rate mortgage with a monthly payment you can count on for the life of your loan.

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. We can help you get the best rates and terms that you need to feel comfortable purchasing the home of your dreams.

  • Low-interest rates
  • Flexible loan terms including a 7, 10, 15, 20, 25 and 30-year mortgage
  • Up to 100% financing
Product Features
Up To 100% Financing

Get up to 100% financing on select mortgage products.

Pay Back on Your Terms

Consult with one of our friendly loan officers about a payback term that fits your goals.

Convenient Payment Options

Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.

Adjustable or Fixed Rates

Get into a home with a low adjustable rate or at a fixed rate set by the market.

Construction Loan

Build the home (or addition) of your dreams.

Government Subsidized Loans

Don't have the cash to put down? Qualify for a low (sometimes no) down payment with FHA, USDA, or VA mortgage loans.

Electronic Mortgage Application Process

Buy your home without ever entering a branch.

No Charge for Mortgage Insurance

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. 

Save Money Where it Matters

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.

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Frequently Asked Questions

  • What is a fixed-rate mortgage?

    A fixed-rate mortgage allows you to lock in one interest rate for the life of your loan. With a set interest rate, you also have a fixed monthly mortgage payment. 

    This enables you to easily budget for your mortgage payment without worrying about it increasing or decreasing over time.

  • What are the requirements for fixed-rate mortgage qualification?

    To qualify for a fixed-rate mortgage, we will look at your financial background to determine whether you have a manageable level of debt, steady income, and good credit history. 

    Debt to income ratio: We will review your debt to income ratio (DTI) to ensure you don’t have more debt than your income can manage. A recommended DTI, including your mortgage payment, is no more than 43%. 

    Steady income: Whether you’re self-employed or have a W2 job, we want to ensure that you have a stable work history showcasing your likelihood of being able to afford your home now and in the future. Two years of consistent employment are typically required to qualify for a home loan.

    Credit history: Your credit score is a significant indicator of your financial responsibility. We will review your credit history and credit score to determine whether you have the background that showcases your ability to manage mortgage payments. 

    Down payment: For in-house 25 & 30-year loans, a down payment is required no matter the credit score. The more down payment you put down, the lower your interest rate. The sweet spot is 20%. This also gives you more equity in your home to use down the road for getting cash out for updates, improvements, or emergencies that may arise.

    While we look at these four factors to help you qualify for a mortgage, we also realize you’re a person and will review your full profile and speak with you directly to get you the loan you want and can afford.

  • Why choose Listerhill for my mortgage?

    At Listerhill, our focus is on “people helping people.” When you purchase a home, we want to offer you the support you need from application to closing. 

    As a nonprofit cooperative owned and operated by its members, you own an equal “share” in Listerhill and vote in elections for the Board of Directors and Supervisory Committee.  That means your voice is always heard, and in turn, our actions reflect your needs and desires. 

    Our mortgage rates, terms, and policies will always reflect your needs in securing the best credit union mortgage loan in Alabama. 

    Apply Now

Fixed-Rate Options

You can secure a fixed-rate mortgage with terms that vary, including a 7, 10, 15, 20, 25 and 30-year mortgage with interest rates as low as 2.75%. 

Which option is right for you?

It comes down to your long term goals and short term affordability.


7, 10, or 15 Year MortgageLowest Interest ratesHighest monthly payments Pay the least amount over the life of your loan
20 Year MortgageInterest falls in the middleMonthly payment falls in the middle Falls in the middle
25 Year MortgageInterest rate is the second highest Monthly payments are the second highestYou save a bit over the life of your loan compared to the 30 year mortgage
30 Year MortgageHighest interest rateLowest monthly paymentPay the most over the life of your loan



  • A 7,10 or 15-year mortgage is right for you if...

    you want to pay the least for your home over the life of your loan, and you have extra in your budget for a higher payment.

  • A 20-year mortgage is right for you if...

    you want to experience the best of both worlds by saving on interest while paying a bit more each month.

  • A 25-year mortgage is right for you if...

    you want to take a little more time to pay off your loan than 20 years to keep your monthly payment low, while also saving in interest compared to a 30 year mortgage. 

  • A 30-year mortgage is right for you if...

    you want to keep your monthly payment low and don’t mind paying more for your home over the life of the loan.

Additional Questions?

Listerhill has been 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.

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