Obtaining a mortgage loan can seem like an overwhelming experience. Therefore, it is important to find the best lender to handle your loan and give you a low rate. Alliant Credit Union mortgage rates can help you have a positive mortgage experience. The company offers a fixed rate mortgage or an adjustable rate mortgage, and you can take advantage of the first-time homebuyer program. This article will provide you will the latest and current information about mortgage loans.

Alliant Credit Union Current Mortgage Rates

Alliant Credit Union can find the best mortgage for your needs. You can find detailed information about their loans on Alliant’s website, under Mortgages. The table below will provide you information regarding current mortgage rates.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 4.00% 4.08% $1205.10
20-year fixed 3.87% 3.99% $1513.63
15-year fixed 3.37% 3.53% $1790.89
7/1 ARM 3.87% 3.99% $1192.10
5/1 ARM 3.87% 4.01% $1194.98
3/1 ARM 4.25% 4.11% $1209.45

***Mortgage rates can change frequently, so it is important to check the website for the most up-to-date information.

Alliant Credit Union Mortgage Rates Additional Information

With Alliant Credit Union, you can lock in a home mortgage rate for 15 or 30 years. Fixed mortgage rates are a good option if you are planning to stay in your home for an extended period of time. Your monthly principal payment will not increase or decrease. With 15-year mortgage rates, the payments will be higher than the 30-year mortgage rates; however, you will save money throughout the life of the loan.

You can also choose an adjustable rate mortgage. With this option, you will pay a fixed rate for a period of 3, 5, 7, or 10 years. At the beginning of your mortgage, your payments will be lower. They will then increase or decrease depending on the mortgage rates trend.

You can find a mortgage rate calculator online. This will help you determine how much you can afford for the loan.

Bonus read – Veterans United Mortgage Rates

Monthly Mortgage Payment Example

Type of Mortgage Rate 30-year fixed rate 20-year fixed rate 15-year fixed rate
Mortgage Amount $250,000 $250,000 $250,000
Interest Rate 4.00% 3.87% 3.37%
APR (Annual Percentage Rate) 4.08% 3.99% 3.53%
Number of Payments 360 240 180
Average Monthly Payment $1205.10 $1513.63 $1790.89
Total Amount of Interest $183,835.00 $113,272.12 $72,360.51
Total Amount Paid $433,835.00 $363,272.12 $322,360.51

***The values in this table are approximate results of our calculations and can vary based on the type of credit you opt for. Please note that these are our examples and not offered by the financial institution.

With Alliant Credit Union, you can get pre-approved for your loan, and you can lock in your rate. The application process can be done easily online, and a representative will walk you through every step of the way. Alliant Credit Union mortgage rates are low, so consider applying for a mortgage loan, and you can own your dream home.