Home Loans
When you're ready to make a big move, we're here to do some heavy lifting.
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Our low rates keep the American dream alive and well in West Texas.
ALLIANCE Home Loan Center Offers:
Down Payment Assistance
Construction Lending
Lowest VA Loans Available
Quick & Personalized Closing Process
One-on-one buyer education
You have some decisions to make. We'll be right there to help.
With all the great real estate choices in West Texas, it might take you a while to decide what type of house you want to buy and exactly where you want to live. However, when it comes to getting a mortgage that will make your dreams come true, you only need to make one stop. ALLIANCE offers a wide range of fixed-rate and adjustable-rate mortgages that save you money with low rates and closing costs.
Plus, our Down Payment Assistance Program can get you into a new home with as little as $0 down at closing, while our VA Loan Program offers the lowest VA rates in West Texas.
How do you choose between all these attractive alternatives? Our friendly loan representatives are happy to explain all the details and help you make a choice that, just like your new house, you can happily live with for years to come.
NMLS# 440863
- This mortgage features a constant interest rate and monthly payments that never change.
- This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper.
- As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans.
- When interest rates are low, fixed-rate loans are generally not much more expensive than adjustable-rate mortgages. They may be a better deal in the long run, because you can lock in the rate for the life of your loan.
- This loan also features constant monthly payments.
- It offers all the advantages of the 30-year loan, plus a lower interest rate—and you’ll own your home twice as fast.
- However, with a 15-year loan, you commit to a higher monthly payment.
- Many borrowers opt for a 30-year loan and voluntarily make larger payments that will pay off their loan in 15 years. This is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
- These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans.
- For example, a “5/1 loan” has a fixed monthly payment and interest for the first five years and then turns into an adjustable-rate loan, based on then-current rates, for the remaining 25 years.
- These types of loans are good choices for people who expect to move (or refinance) before or shortly after the rate adjustment occurs.
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