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Mortgage Resources

Buying a new home or refinancing your existing mortgage is a big decision with lots of considerations. We want to give you the information you need to make the right choices so you can move forward with confidence.

Our mortgage specialists would love to answer any of your home loan questions. Call us at (800) 533-0035, Option 3, or reach out with a mortgage contact request form.

Don't get lost in the the lingo. Get familiar with all the industry verbiage with our mortgage glossary of terms.

WHAT TO DO BEFORE YOU APPLY

Buying a home is likely the largest financial purchase you'll ever make. Before you even begin to look for your home, it's important to review your finances.  

WHAT TO KNOW WHEN SHOPPING FOR A HOME

Finding the home that suits your needs can be overwhelming. We've compiled a variety of tools to guide you in everything from choosing a realtor, to understanding what features to look for in a new home or neighborhood.

WHAT TO DO BEFORE YOU APPLY

Buying a home is likely the largest financial purchase you'll ever make. Before you even begin to look for your home, it's important to review your finances.  

WHAT TO KNOW WHEN SHOPPING FOR A HOME

Finding the home that suits your needs can be overwhelming. We've compiled a variety of tools to guide you in everything from choosing a realtor, to understanding what features to look for in a new home or neighborhood.

Home loans for every need

You find the home. We'll help with the financing.

Fixed-Rate Mortgage Adjustable-Rate Mortgage (ARM) Jumbo Mortgages First-Time Home Buyer Other Mortgage Types

Fixed-Rate Mortgage

This is the most common mortgage with set monthly payments for 15 or 30 years.

Who's it for: This is ideal for home buyers who plan to stay in their house for a long period of time and prefer a regular, fixed monthly payment.

Advantages: Principle and interest payments stay the same throughout the life of the mortgage (taxes and insurance might fluctuate). There are no prepayment penalties for paying off the mortgage.

Things to know: The rate does not change no matter how the market fluctuates.

Calculate the payments for a 15- vs. 30-year fixed mortgage.

View rates.

 Apply now.

Adjustable-Rate Mortgage (ARM)

When you open an ARM, you choose a product based on how long you want your rate to be fixed. There are options to have the rate fixed for 5, 7 or 10 years, and then your payment and rate may be adjusted annually based on current market conditions. For example, a 5/1 ARM has a fixed rate for five years.  

Who's it for: Home buyers who plan to stay in their home for only a few years, or are willing to accept the possiblity of a rate change might consider this option.

Advantages: Typically an ARM has a lower fixed rate for the first 5, 7 or 10 years, depending on the product.

Things to know: Your payment and rate may change annually after the initial fixed-rate term.

Calculate the difference between a fixed- vs. adjustable-rate mortgage.

View rates.

 Apply now.

Jumbo Mortgages

Jumbo mortgages are the same fixed- or adjustable-rate products, but with a higher minimum loan amount. These loans typically receive a slightly lower rate.

  • Jumbo mortgages are for home loans greater than $806,500. 
  • Super jumbo mortgages are for home loans greater than $1 million.

View rates.

 Apply now.

First-Time Home Buyer

Choose between a 30-year fixed rate or a 5/1 adjustable-rate mortgage. 

Who's it for: Home buyers who have never owned a home or haven't owned a home in three or more years.

Features: Our first-time home buyer mortgage offers a special discounted rate, lower closing costs, and flexible down payment options.

Learn more.

View rates.

 Apply now.

Other Mortgage Types

In some cases a traditional mortgage doesn’t meet your needs. We also offer mortgages for investment or rental property, second homes, and vacation homes. If you've ever dreamed of parking your plane at home, our hangar home loan is perfect for you.

For mortgage needs with special consideration, call us at (800) 533-0035, Option 3, or send us a contact request.

View rates.

 Apply now.

While we do not offer FHA or VA loans, we encourage you to reach out to us as we do have options for members who have a down payment as little as 3.00%. View our rates for more details or call a mortgage specialist at (800) 533-0035, Option 3.

Home loans made for you

Home loans made for you

Ready to get started?

Take the first steps toward home ownership today! Apply online or call (800) 533-0035, Option 3, to speak with a mortgage specialist.

Apply Now

WHAT TO KNOW FOR EXISTING HOMEOWNERS

Whether you have a mortage with us or with another lender, we know that circumstances can change. Perhaps you need a large amount of cash or market rates have changed since you originally purchased your home. We're happy to help you use the equity in your home or potentially lower your montly payments.  

 

Our mortgage specialists would love to answer any of your home loan questions. Call us at (800) 533-0035, Ext. 4210, or email us at mortgageservicing@aacreditunion.org.

 

 

 

Mortgage Refinance

Payment, rate and term

You may want to refinance your mortgage for lower payments or to get a different rate or mortgage program.

Home Equity Line of Credit

Put your equity to work

Use your home equity to get cash for a project or consolidate higher-interest debts.

Mortgage Refinance

Payment, rate and term

You may want to refinance your mortgage for lower payments or to get a different rate or mortgage program.

Home Equity Line of Credit

Put your equity to work

Use your home equity to get cash for a project or consolidate higher-interest debts.

OTHER RESOURCES

When you borrow money to buy a home, you’ll work with our mortgage specialists who are licensed and regulated to make sure everything is fair and safe. Two important organizations help make that happen: the Consumer Financial Protection Bureau (CFPB) and the National Mortgage Licensing System (NMLS).

Consumer Financial Protection Bureau (CFPB)

The CFPB is a government agency that protects people like you when dealing with financial products — especially big ones like mortgages. They make sure lenders follow the rules and treat borrowers fairly. One of the most helpful tools they offer is their housing counselor database, which lets you find HUD-approved housing counselors in your area. These counselors can give you free or low-cost advice on buying a home, managing your mortgage, or avoiding foreclosure. It’s a great resource if you’re feeling overwhelmed or just want a second opinion from someone who’s on your side.

 

National Mortgage Licensing System (NMLS)

The NMLS database keeps track of mortgage lenders and loan officers across the country. It makes sure that the people helping you with your loan are properly licensed and meet certain standards. You can verify a mortgage company or individual on the NMLS website. This system helps protect borrowers by making sure mortgage professionals are qualified and held accountable.

Use our Mortgage Loan Originator Listing to locate your Credit Union mortgage loan officer's NMLS ID.

Consumer Financial Protection Bureau (CFPB)

The CFPB is a government agency that protects people like you when dealing with financial products — especially big ones like mortgages. They make sure lenders follow the rules and treat borrowers fairly. One of the most helpful tools they offer is their housing counselor database, which lets you find HUD-approved housing counselors in your area. These counselors can give you free or low-cost advice on buying a home, managing your mortgage, or avoiding foreclosure. It’s a great resource if you’re feeling overwhelmed or just want a second opinion from someone who’s on your side.

 

National Mortgage Licensing System (NMLS)

The NMLS database keeps track of mortgage lenders and loan officers across the country. It makes sure that the people helping you with your loan are properly licensed and meet certain standards. You can verify a mortgage company or individual on the NMLS website. This system helps protect borrowers by making sure mortgage professionals are qualified and held accountable.

Use our Mortgage Loan Originator Listing to locate your Credit Union mortgage loan officer's NMLS ID.