15 Year Fixed APR* = 3.500%
15 Year Fixed Interest Rate = 3.897%
30 Year Fixed APR* = 4.000%
30 Year Fixed Interest Rate = 4.229%

Last updated: November 20, 2017
*APR=Annual Percentage Rate on the loan. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rates may vary from rates shown.

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At First Alliance Credit Union, we believe homeownership is the heart of a strong community.

Whether you’re ready to buy, build, refinance or borrow from your home's equity, we want you to feel confident about the process. That's why we offer a number of different mortgage options and terms, plus expert advice to connect you with the right mortgage for you, your budget, and your homeownership goals.

We offer a wide variety of mortgages including:

  • Conventional Fixed-Rate Loans
  • Adjustable Rate Mortgages (ARMs)
  • Bridge Loans
  • Purchase Money Seconds
  • Non-Conforming Loans
  • Lot Loans
  • Construction Loans
  • Manufactured Homes
  • Jumbo Loans
  • Balloon Mortgages
  • Home Equity Loans
  • Mortgage Refinances
  • FHA Mortgage Loans
  • VA Mortgage Loans
  • USDA Mortgage Loans


It's easy to apply! Pick which option applies to you!

I Think I'm Ready To Buy A Home

 
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Get Pre-Qualified
 

I Know I'm Ready To Buy A Home

 
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 Submit An Application

 

Already a Home Owner?

You can save money by refinancing with First Alliance! You can refinance your current mortgage loan at a different rate, a different term, or a combination of both.

  • Refinance to a lower term - save money by paying off your mortgage faster and paying less total interest
  • Refinance to a fixed rate - if you have a variable rate mortgage, now is the time to refinance and lock in at a historically low rate
  • Refinance to a lower rate - refinancing to the current low rates could lower your monthly payment and help you save for a rainy day or major purchase

Mortgage Appointment Checklist

To make your mortgage experience faster and easier, bring the applicable documents listed below with you when we meet

  • Income Documents:
    • The two most recent pay stubs (covering the most recent 30 days)
    • W-2 Forms from previous two tax years
  • Self-Employed People:
    • Last two years of tax returns, including all pages and schedules
  • Retired Persons/Social Security Recipients:
    • Award letters
    • 1099s from previous two years
  • Child Support Recipients:
    • Divorce decree or court order, including all signed pages - showing anticipated monthly support
  • Assets Documents
    • Two most recent financial statements for all your asset accounts, such as checking, savings, or retirement accounts
  • Miscellaneous Documents:
    • Copy of driver's license or other valid photo identification

Please note, this is not the complete list of all documents needed to process your mortgage, but it is a good starting point.


Mortgage Application Process FAQs

Before you even start shopping for a home, you will need to get prequalified for the loan. Sellers will know you’re a serious buyer, and you will know that your financing is already lined up. Complete our Pre-Qualification Application online to get started!

If you plan to use gift funds (wedding presents, monetary gifts from your parents, etc.) there are often special rules that apply. When you talk with us, please let us know if you plan to us any gift money to buy your home.

PMI means Private Mortgage Insurance. Conventional mortgages generally require a 20% down payment. Typically, if you don’t put down at least 20% you will have to pay PMI, which can be up to several hundred dollars a month added to your mortgage payment. By utilizing a combination of the products offered here it is possible to avoid any Private Mortgage Insurance. Of course, we will help you determine your best options!


If you would rather have help applying, well that’s as easy as setting up an appointment with us. We will take you through the entire process, and we promise to keep it as simple as we possibly can.

Contact Our Mortgage Team today at
507-288-0330 or
mortgage@firstalliancecu.com

Meet The Mortgage Team

Mason Zill
Mortgage Loan Originator
mzill@firstalliancecu.com
Amanda Adams
Mortgage Loan Representative
aadams@firstalliancecu.com
Jamie Turbenson
Mortgage Loan Processor
jturbenson@firstalliancecu.com

Are You Ready To Learn More About Your Mortgage Options?

Request More Info