| FIXED RATE FIRST MORTGAGE LOAN
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| First Mortgage Loan
Contact one of the offices listed below for current rates and terms.
Members can also visit our CU-Members Mortgage page by clicking HERE for current RATES and programs available.
Please contact either the main office location at 256-533-5389 or 1-800-547-8172, the Athens branch location at 256-232-3611, the Madison branch location at 256-722-5046, or the Sparkman branch at 256-852-0408 for complete information.
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Estimated Closing Costs:
These are estimated costs for internal mortgage loans financed and underwritten by North Alabama Educators Credit Union.
Application Fee $ 75.00
Appraisal Cost $ 350.00
Attorney Cost $ 300.00
Survey (For purchases only) $ 300.00
Termite Letter $ 100.00
Flood Research $ 26.00
Title Insurance and Search Based on Loan Amount
Recording Fees Based on Location of Property
1% Origination Fee Based on Loan Amount
Proof of homeowners insurance is required at the mortgage closing. Flood insurance is required when property is located in a flood zone.
For Purchases: Maximum amount for financing is either 85% of the appraised value or 85% of the sales price, whichever is less on owner occupied property.
For Refinances: Maximum amount for financing is 85% of the appraised value on owner occupied property.
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