Alabama ONE Home Loans

Alabama ONE Home Loans Review

Alabama ONE Home Loans are offered by alabama one credit union (NMLS #401726), a credit union founded in 1951 and based in Tuscaloosa, AL. Alabama ONE Home Loans are available in 50 states (and Washington, DC).

Key Takeaways

• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Alabama ONE Home Loans Pros & Cons

alabama one loans FAQ

What is the maximum loan term you can get with alabama one loans?

alabama one loans offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Alabama ONE Credit Union offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

alabama one loans offers home loans with APRs starting at 5.766% and up to 6.491%.

Do they charge mortgage origination fees?

Yes, alabama one loans may charge a loan origination fee.

What property usage types does alabama one loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. alabama one loans allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Alabama ONE Home Loans is (800) 225-0110.

What is the support contact email?

The support contact email for is contactcenter@alabamaone.org.