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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.
If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.
You can also qualify for membership by being a family member of a current or potential Listerhill member.
With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.
All branches will be self-service only Tuesday, November 11th, for Veterans Day. Normal business hours will resume Wednesday, November 12th. Smart ATMs and Online and Mobile Banking will remain available.
Refinancing is essentially getting a new loan with new terms. See if this option is right for you.
Refinancing to a shorter term may save money and/or get you a lower interest rate. See if this option is right for you.
Adding to your monthly payment can help pay off your loan sooner. See the impact of putting more toward your loan today.
Start with what you can afford and not just what you want to drive. This calculator will show you the sweet spot between want and affordability.
When buying a car, you may be faced with a cash back incentive or lower interest rate. This calculator can show the total amount you will pay for either option.
Budgeting helps you meet your goals and prioritize your expenses. Begin your budget journey with an expense list.
This rule says after-tax income should be divided - 50% to needs, 30% to wants, and 20% to savings. Figure out your 50/30/20.
Rent can be a big part of your monthly budget. This calculator can help you figure out how much you can afford for a new place.
This calculator will show you a comparable salary between two different cities as well as how prices might change for common expenses.
You’ve got the details. Make sure your wallet can handle your dream vacation before you take off (proverbial or otherwise).
Money grows with monthly deposits, account interest and time spent saving. See how your savings can grow with compound interest.
Savings account that sets aside money for a period of time at higher interest. See what you might earn with a CD over basic savings.
MMAs can offer higher interest than traditional savings. See if this option works for you.
This fund is for essential expenses to get you through a tough time. Find out how much you need to save monthly to reach your savings goal.
Saving for retirement as early as possible is crucial because funds take time to grow. See what you need to save to enjoy your current standard of living in retirement.
Debt comes in many shapes and always needs attention. This tool can help you figure out what you need to pay to get debt free.
See how much you will pay by your payoff date and potentially adjust your monthly payment to save on interest.
Never ideal, but sometimes unavoidable. See how much you can save by adding various amounts to your monthly payment.
Paying more than the minimum on a debt may get you out of debt faster and save you money on interest. Explore how much you could save by paying more than your minimum payment.
Mortgages may divide payments monthly making it hard to know what you will pay overall for your home.
When interest rates or the market change, it may be good to think about refinancing. See if refinancing works for you.
Looking for a new mortgage? Start with what will impact you most daily. See what your best case mortgage scenario might look like.
It's important to know if monthly mortgage payments will fit your budget. This calculator helps you do just that.
What you owe will grow over time and interest can add thousands. See what you can save by adding to your monthly payment.
This line of credit allows you to tap into your home’s equity and borrow against it. Estimate the limit you could be approved for.
Estimate how long it will take for an investment to double with a fixed annual interest rate over a number of years.
This rule predicts how long an investment will take to double based on a fixed annual interest rate.
Knowing simple vs compound interest can help you earn as much interest as possible while not paying more than you have to.
See how an asset will depreciate over time, the asset value, the yearly depreciation rate, and the annual depreciation.
Inflation measures the rate of rising prices in an economy. See how inflation can impact spending and saving in your personal life.
Federal income tax must be paid to the federal government. See how much income you should expect to be withheld each year.
If you calculate the right amount to pay monthly, you may be able to reduce how much you pay. See how long it will take to pay off your loan using its interest rate and the amount owed.
Yes, you need to be a Listerhill member to apply for loans. To qualify for membership with Listerhill, you must meet one of the following requirements:
Your credit history is extremely important to lenders when deciding whether to offer you a loan, because it provides an indication of how likely you are to pay back what you owe. This helps lenders determine how much of a risk you are. Typically, the better your credit history, the less risky you appear to lenders, and the better (lower) the interest rate you are likely to be offered.
Lenders do, however, look at other factors such as income, job stability, and existing debts. Credit unions like Listerhill are also known for taking a more holistic look at their members’ finances when deciding whether to approve a loan, rather than relying solely on the numbers.
A down payment of up to 20% is considered good by many lenders. This gives you a significant stake in the property that you are borrowing money to buy. Lenders see a substantial down payment as a good indicator that you will continue to make payments because you risk losing your own money if you do not. Typically, you’ll get a lower mortgage interest rate the more money you are able to put down, although lenders do look at other factors as well.
Your debt-to-income (DTI) ratio compares your monthly debt payments relative to your gross monthly income. Mortgage lenders use it to evaluate how well you manage debt and whether you can afford a new loan. A lower DTI generally makes it easier to qualify for mortgages and other loans. For conventional home loans, many lenders look for a DTI below 43%.
Assuming you borrowed $300,000 on a fixed 25 year mortgage loan at a current average annual percentage rate (APR), you could expect to pay about $2,120 per month (not including taxes and insurance premiums). This does not include any down payment you might make on the total purchase price of the house.