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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
Fixed-Rate Mortgages
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Fixed-Rate Options

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. To learn more about varying mortgage options and how interest works with each, click here.

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

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 paymentsPay the least amount over the life of your loan
20 Year MortgageInterest falls in the middleMonthly payment falls in the middleFalls in the middle
25 Year MortgageInterest rate is the second highestMonthly 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.

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.

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.

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.

Waived Maintenance Fee

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.

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. Learn more about what constitutes "good" versus "bad" credit here.

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.

Frequently Asked Questions

  • 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.

  • 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

  • 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.

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Meet our Mortgage Loan Officers
Stacy Aldridge

NMLS# 449408

4790 East Second Street, Muscle Shoals, AL 35661

256.383.9204, ext. 1222

saldridge@listerhill.com

Apply Now with Stacy

Casey Neill

NMLS# 207237

1623 Hatcher Lane, Columbia, TN 38401

256.383.9204, ext. 3813

cneill@listerhill.com

Apply Now with Casey

Vicki Wilson

NMLS# 198718

4790 East Second Street, Muscle Shoals, AL 35661

256.383.9204, ext. 1386

vwilson@listerhill.com

Apply Now with Vicki

Ashley Robinson

NMLS# 1816083

1812 Woodward Ave, Muscle Shoals, AL 35661

256.383.9204, ext. 2941

arobinson@listerhill.com

Apply Now with Ashley

Blair Cunningham

NMLS# 1962170

4790 2nd St, Muscle Shoals, AL 35661

256.383.9204, ext. 3940

bcunningham@listerhill.com

Apply Now with Blair

Katie Lewis

NMLS# 655785

22223 US HWY 72 Athens, AL 35613

256.383.9204, ext. 1397

klewis@listerhill.com

Apply Now with Katie

Fixed-Rate Mortgage Resources
Mortgage Payment Calculator

Our mortgage payment calculator helps you determine what your monthly mortgage payment will be.

House Amount Calculator

Use our house amount calculator to calculate how much you can afford to spend on a home.

Major Purchases Savings Calculator

The major purchases savings calculator can help you figure out a savings plan for the costs associated with buying a home.

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.

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Common Links

Frequently Asked Questions

  • How do I connect my additional Listerhill account(s) in Online Banking?

    In order to add an additional Listerhill account in Online Banking, please:

    1. Log in to Online Banking through our website.
    2. Click the Accounts tab at the top.
    3. Click “Connect An Account”
    4. To add a Listerhill Account, click “Listerhill Credit Union Account”.
    5. Enter the appropriate information on this screen and select the appropriate account type.
      1. Account Number.
      2. Nickname the Account.
      3. Select the Account Type.
        1. Share Draft – Checking
        2. Share – Savings
        3. Share Certificate – CD
        4. IRA
        5. Line of Credit
        6. Loan
        7. Credit Card
      4. Check the box for Bill Pay if desired.

    Once finished, the new account will be added by the next business day.

  • How do I connect my credit card(s) in Online Banking?

    In order to add a new credit card in Online Banking, please:

    1. Log in to Online Banking through our website.
    2. Click the Accounts tab at the top.
    3. Click “Connect An Account”
    4. To add a credit card, click “Listerhill Credit Union Account”.
    5. Enter the appropriate information on the screen and select the appropriate account type.
      1. Account Number.
      2. Nickname the Account.
      3. Select the Account Type.
        1. Share Draft – Checking
        2. Share – Savings
        3. Share Certificate – CD
        4. IRA
        5. Line of Credit
        6. Loan
        7. Credit Card
      4. Check the Box for Bill Pay if desired.

    Once finished, the new card will be added by the next business day.

  • What if I had merchandise points?

    Cashbackmall will be available for redemption on 9/1/22 for cards converting to cash back rewards from merchandise points.

  • Who is eligible for Cash Back Rewards?

    Cash Back Rewards are available for Listerhill Signature Credit Cards. Signature credit cards require a limit of $5,000 or greater.

  • How much do I get back in Cash Rewards?

    Cash Back Rewards are calculated at 2% on purchases. Cash Advances and Balance Transfers do not earn Cash Back Rewards.