Home Loans
ARE YOU HAPPILY MORTGAGED?
Flexible Home Loans in Auburn, AL, for Every Member
At Auburn University Credit Union, we understand that finding the right place to call home is one of life’s most important milestones. That’s why we’re proud to offer a variety of home loans tailored to meet the needs of our members in Auburn, AL, and beyond. Whether you’re looking for a 1st Mortgage - fixed rate, considering refinancing, or exploring a home equity line of credit, our loan experts are here to guide you.
Comprehensive Mortgage Options
Our mortgage specialists provide full support with conventional mortgage loans, 1st and 2nd home equity line of credit programs, as well as adjustable-rate mortgages (ARMs) and balloon mortgages. We’ll help you select the right loan for your budget and goals. Whether you plan to buy a new property, refinance your mortgage, or explore fixed- and variable-rate terms, our home financing solutions are designed to make the process simple and clear.
Home Equity Line of Credit for Flexibility
A home equity line of credit can help members tap into the value of their homes for home improvements, tuition, or unexpected expenses. Our team of loan experts ensures that you understand repayment options and how a HELOC fits with your overall financial plan. This flexible borrowing option complements our other home loans and mortgage products, giving members additional financial freedom.
Support From Local Mortgage Specialists
Our experts in Auburn and the surrounding Opelika area provide guidance on buying a new property or refinancing an existing mortgage. We help members understand the advantages of fixed- and variable-rate terms, ARMs, and balloon mortgages. With personalized advice from mortgage specialists, you’ll feel confident navigating any home financing decision.
Why Choose Auburn University Credit Union
Members choosing Auburn University Credit Union benefit from competitive rates, flexible repayment options, and support from loan experts dedicated to financial wellness. Whether it’s a conventional mortgage loan, refinancing, or a home equity line of credit, our goal is to help members achieve financial security while making homeownership accessible and stress-free.
HOME EQUITY LINE OF CREDIT
Use the equity in your home to fund important steps in your life.
- Lines of credit up to $250,000
- Tap into the funds repeatedly and pay back as you go
- Competitive rate and an easy, affordable repayment schedule
- Enjoy quick and easy application process
- Receive personalized service and answers to all your questions from our loan experts
Contact our loan experts at (334) 844-4120 to learn more and apply.
1ST MORTGAGE - FIXED RATE
Flexible, affordable home financing.
- Find the best option for your specific home-buying situation with a conventional loan from AUCU. Our mortgage specialists work closely with you to select the rate, down payment and terms that meet your financial goals. Whether you’re buying your first home, investing in a rental property or anything in between, we have the right solution for you.
- Conventional mortgage loan features
- Up to 80% loan-to-value financing
- Fixed- and variable-rate terms
- Contact our loan experts at (334) 844-4120 to learn more and apply.
2ND MORTGAGE - FIXED RATE
Interested in a fixed monthly payment but don’t want to refinance an existing first mortgage? This is a great choice.
- Borrow a lump sum and enjoy a fixed payment
- Get a fixed term and rate
- Receive up to 90% combined loan-to-value financing
- Terms up to 10 years
- Contact our loan experts at (334) 844-4120 to learn more and apply.
ARM & BALLOON MORTGAGES
AU Credit Union offers a variety of mortgage options designed with terms and rates to fit your needs. We finance ARMs (Adjustable Rate Mortgages) & Balloon Mortgages to service our members non-conventional mortgage needs.
Adjustable-Rate Mortgages include:
- Find the best option for your specific home-buying situation with a conventional loan from AUCU. Our mortgage specialists work closely with you to select the rate, down payment and terms that meet your financial goals. Whether you’re buying your first home, investing in a rental property or anything in between, we have the right solution for you.
- Typically have lower interest rates than fixed-rate mortgages
- Fixed for a set period of time
- Rate can lower during an adjustment period
- Lower rate means you pay more towards your principal every month
- Could qualify for a higher loan amount
- No pre-payment penalty, can refinance without a penalty
Balloon Mortgages include:
- Fixed rate for a shorter period of time with smaller monthly payments.
- One large payment, or balloon payment, is due at the end of the term.
- At the end of the term, you can refinance your loan, buy a new home, or pay it off.
- Typically have lower interest rates than fixed-rate mortgages
Contact our loan experts at (334) 844-4120 to learn more and apply.
FAQs
We Can Help You Find A Mortgage For Your New Home
The best mortgage rates will vary depending on what type of loan you want, where you live, and whether you’ll buy a new property or refinance an existing one. Our team of experts will help you through the process and ensure it suits your budget.
Buy a House
1ST MORTGAGE - FIXED RATE
FLEXIBLE, AFFORDABLE HOME FINANCING.
Find the best option for your specific home-buying situation with a conventional loan from AUCU. Our mortgage specialists work closely with you to select the rate, down payment, and terms that meet your financial goals. Whether buying your first home, investing in a rental property, or anything in between, we have the right solution for you.
Conventional mortgage loan features;
- Up to 80% loan-to-value financing
- Fixed- and variable-rate terms
Contact our loan experts at (334) 844-4120 to learn more and apply.
Refinance Your Mortgage
Refinancing your mortgage allows you to capture a better interest rate and restart the 15-30 year clock on your mortgage repayment. Keep the equity you already have and negotiate for a smaller mortgage at a better rate. You also have the chance to quickly claim more equity by investing some of your developed savings into a larger refinanced mortgage down payment.
- Terms
- Rates
- Details
Contact our loan experts at (334) 844-4120 to learn more and apply.
How much will my loan payments be?
A MEMBER-OWNED CREDIT UNION
WHY CHOOSE AUCU
Are you interested in buying a house? Do you want to make sure you get the best deal possible?
At AUCU, we offer personalized mortgage or equity loans that suit your goals and finances. Speaking to a knowledgeable loan officer will help you build a plan for your future and create a loan that will be the launching point for the next phase of your life as a successful homeowner.
Take the guesswork out of planning your mortgage or equity loan. Let us help finance your dream home! Contact Auburn University Credit Union’s loan experts at (334) 844-4120 to learn more about their personalized designed loan mortgages and how to apply today.