fixed rate
mortgages

A mortgage built for peace of mind.

ALEC wants to help you make the place you live, the place you love. Enjoy peace of mind with a fixed rate mortgage and the assurance that your loan principal and interest will never fluctuate over the life of your loan, even if interest rates skyrocket in the future. We understand that buying a home is a very special time in your life. And because it’s one of the biggest decisions you will ever make, we’re committed to helping you make the right choices. At ALEC, our experienced loan officers will meet with you to explain all your mortgage options, help you determine which best fits your needs, and guide you through every step of the home loan process.

Get A Personalized Quote

Benefits of a fixed rate mortgage include:

Fixed Interest Rate

Enjoy peace of mind, simplify your budget, and save in the long term

Loan Terms 10 to 30 Years

Choose from a shorter term loan up to a 30-year fixed rate mortgage

No Prepayment Penalties

Why should you pay extra for doing the right thing and paying off your loan?

Low Closing Costs

Fixed rate loans without lots of extra hidden fees

Mortgage Amount

Down Payment

Payment Period

Interest Rate

Est. Monthly Payment:$0

Ready to Buy a Home? ALEC Makes It Easy.

Step 1	Apply Online Use our quick, easy, and free online application, visit a branch in person, or contact a mortgage representative using the form below. Online applications are eligible to receive instant approval.
Step 2	Prepare for Closing After you’re approved, you’ll receive an application kit of forms to review and sign. An appraiser will review your home, and we’ll get to work on getting your title insurance.
Step 3	Close Once we’ve got your completed application kit, the appraisal, and the title work, we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.

Apply Today

Want more information? Fill out the form to select which option you're interested in or submit your questions. An ALEC loan representative will then contact you to provide knowledgeable answers and assist with your loan application process.

Contact Information

Thank you for your interest in a mortgage loan with ALEC.² Please fill out the form below, and we will be in touch with you within one business day.

Experience the best of an ALEC mortgage.

With ALEC's HomeAdvantage program³, connect with top agents, who are here to help you find your dream home⁴. Plus, receive a cash reward just for buying or selling a home. Best of all, the program is free for all members to use.

Learn More

What if I haven’t picked out a house yet? Should I still apply?

That’s exactly the right time to apply! ALEC’s pre-approval are good for up to 120 days.

Your pre-approval letter lets your realtor know what price range you’re able to buy within, and will help direct the house hunting process. Proof that you’re a qualified buyer can be a definite advantage when putting in an offer on a house.

If your offer is accepted, you simply reach back out to your Mortgage Loan Officer, and we resume the process right where we left off!

Why is ALEC able to offer competitive rates?

When our members borrow from us to make their financial or personal goals a reality, we’re able to give them some of the most affordable rates out there.

That’s because we’re a member-owned non-profit, which means all of our earnings go back to our shareholders (members) after we’ve met our overhead costs. Explore all of our rates here.

Does ALEC offer any additional resources to help borrowers understand the mortgage process?

Absolutely. ALEC offers a variety of financial resource tools to members to understand the mortgage process.

Visit our Buying a Home page to get expert advice when shopping for a home.
Use our various Calculators to help you make important decisions.
View the The Consumer Financial Protection Bureau Home Loan Toolkit.

I want to buy a home, but I want to wait until I can get the best I can. How can I know when rates are right where I want them

ALEC updates the rate table daily to offer you the most competitive rates. Get your personalized mortgage quote.

Other Mortgage and Equity Products

Home Equity Loans

Put your home’s equity to work for you with this loan to fund that big, one-time purchase.

HELOC

Borrow what you need, when you need it, using your home’s equity to establish a flexible line of credit.

Adjustable Rate Mortgages (ARM)

Enjoy a lower starting rate that adjusts to a variable rate after the initial period.

Have questions? We're here to help.

Start Your Application

Use Our Mobile App

Visit a Branch

Call 800.762.9988

Are you looking for a helpful, step-by-step guide to buying a home? The Consumer Financial Protection Bureau has created Your Home Loan Toolkit. This booklet can help you make better choices on your journey to homeownership.

Try our Mortgage Calculator to help determine what your payments might be.

NMLS# 421478. View a complete list of all other NMLS numbers.

1. All examples are hypothetical and are for illustrative purposes. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy with regard to your individual circumstances.
2. Submission of this form does not guarantee rates.

3. The HomeAdvantage program is made available to you through a relationship between ALEC and HomeAdvantage. Program rebates are awarded by HomeAdvantage to buyers and sellers who select and use a real estate agent in the HomeAdvantage network of approved agents. Home buyers or sellers are not eligible for the rebate if they use an agent outside this network. Using ALEC for a mortgage is not a requirement to earn a rebate. Rebate amounts are dependent on the commissions paid to the agent. Your credit union may have specific rules on how your rebate will be paid out. Rebate incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with your credit union to get details that may affect you. To view HomeAdvantage's full Terms of Use, please click here.

4. Terms and disbursement of rebates vary by state.

fixed rate
mortgages

a steady path to homeownership.