Home Lending Center

For Purchase or Refinance Mortgage Transactions – in all States EXCEPT: AK, HI, TX.
For Home Equity Transactions – in all States EXCEPT: AK, HI, SC, TX.

We do not offer mortgages on land, mobile homes, cooperatives, investment properties, properties held in a revocable trust, held in a realty trust or held in a life estate, properties that are in a leasehold (not fee simple), reverse mortgages, FHA, VA and applications with a non-occupant co-borrower.  You must become a member of the Credit Union prior to the loan closing date. Membership is not required to apply for a mortgage.

Properties in the following states are subject to Mortgage and/or Transfer Taxes: AL, AR, CA, CO, DE, FL, GA, HI, IL, LA, ME, MD, NH, NJ, NY, OR, PA, TN, VT, and VA. 

Adjustable Rate Mortgages (ARM)
Features a variable interest rate, which is periodically adjusted, based on the change in a financial index such as the Secured Overnight Financing Rate (SOFR), plus a margin that is established at origination. Interest rate changes are limited or capped at each adjustment and for the life of the loan. ARMs may provide the security, flexibility and affordability prospective home-buyers desire. These loans are especially attractive to home-buyers who plan to trade up in future years. Generally, initial interest rates are lower than fixed rate mortgages.

USALLIANCE Financial currently offers 5 Year, 7 Year, and 10 Year adjustable rate mortgages for conforming and jumbo loan amounts. Each ARM product has their own Index, Margin and Caps. The initial interest rate is fixed for a certain period, for example: with a 5 year ARM loan, the initial rate is fixed for the first five years. At month 61, the interest rate can increase, or decrease, to a maximum of 2% above, or below, the initial rate according to the index plus the margin. Thereafter, the interest rate will be adjusted every 6 months, capped at 1% above, or below, the previous rate until it has reached the lifetime cap of 5% above, or below, the initial interest rate. However, the rate will never be lower than the margin.

Jumbo Mortgages
These applications with more than $150,000 cash-out and an LTV over 70% will require Senior Management approval and may require an add-on to the rate.

*Rates are based on the terms of the loan and set by the Asset/Liability Committee of USALLIANCE Financial
CLTV (Combined Loan To Value Ratio) is the ratio of all loans secured by a property to the property's value.
All HELOAN rates are Fixed. Second/Vacation Homes are considered, and subject to an additional add-on of 1% to the Interest Rate. Additional conditions may apply.
Home Equity Loans are required to be in a second lien position. If looking for a 1st lien product, please reference our Conforming, Jumbo, or Home Equity Line of Credit products.