Mortgage & Home Equity Loans

Our Home Loan specialists will work closely with you to determine which mortgage product is the best solution for your needs.

We offer a variety of options with affordable fixed or variable rates and flexible terms. Feel free to access our mortgage calculators to help you budget and shop. 

To learn more about our Mortgage Products and Rates click here.


 Learn More Here. 

Mortgage Solutions:

If you are looking for a new home, New Horizons Credit Union makes financing your dream home easy with competitive rates and flexible financing options.  New Horizons Credit Union offers fixed or variable rates, and we ensure ease in managing your mortgage from beginning to closing.  For as little as 5% down, we have a mortgage product for you!

Your financial profile is unlike any one else's just like your needs, plans, and preferences. Knowing how to match our mortgage loan options to your personal profile is our business. Please check with us if you are mortgage shopping to get pre-qualified for a mortgage.  Getting pre-qualified helps you know how much house you can comfortably afford and can save you time shopping and negotiating your best offer.

New Horizons Credit Union is able to finance homes located in various areas within the states of Alabama, Florida and Mississippi. To find out if your address falls within the areas, please call our Mortgage Center direct at (251) 259-5767 or email our Mortgage Center and a Mortgage Team Representative will be happy to assist. You may also get information and speak with any New Horizons representative by stopping by one of our convenient locations.

New Horizons Credit Union offers:

  • We offer a FREE Complimentary Pre-Approval letter.
  • A variety of home loan options with affordable interest rates. 
  • Easy to use online loan application.
  • Access to free mortgage payment calculators, which should help give you a better understanding of your budget and how much you can afford.
  • Our Mortgage/Home Equity Loan product rates are subject to change. For the most current APR*, please contact our Mortgage Center at (251) 259-5767.
**Mortgage Products** (Click on each link below to learn more):

Non-Conforming Home Loans

  • Fixed rate (15, 20, & 30 year)
  • Variable rate (30 year)
  • Competitive rates
  • Low closing costs  - no points, low origination fee
Undeveloped Property Loans

Finance options: 75% of selling price or appraised price (whichever is less), low closing costs, fixed rate up to 10 years.  

For a Free Consumer Home Loan Resource Tool to help you with your Home Loan Decision, click: My Home Loan Toolkit.


 Learn More Here. 

Home Equity Loan products to fit your needs:


  • Home Equity Loan (Fixed Rate) 
    As low as 4.00% APR* for up to 60 Months 

Need a lump sum to make some home repairs or to pay off debt?

Use the equity in your home to secure a Home Equity Loan. Depending on your tax situation, a Home Equity Loan may be tax deferred, but always first consult with your tax adviser. New Horizons Credit Union may finance up to 100% of appraised value (less existing mortgage/liens), no application fee, low origination fee, and low fixed interest rates. Other rates and terms are available and are based on an evaluations of applicant's credit and may vary. Maximum annual percentage rate shall not exceed 18.00% APR*. Rates subject to change without notice. Other conditions and restrictions may apply.

Product Type
Up to 80% LTV APR* as low as Up to 90% LTV APR* as low as Up to 100% LTV APR* as low as
5-year Fixed HE 4.00% APR* 4.75% APR* 5.25% APR*
6-9 yr. Fixed Rate HE 4.75% APR* 5.50% APR* 5.75% APR*
10-yr. Fixed Rate HE 5.00% APR* 5.75% APR* 6.25% APR*
15-yr. Fixed Rate HE 5.25% APR* 6.00% APR* 6.75% APR*

  • Home Equity Line of Credit (HELOC) 

    2.99% APR* for up to 90 days then reverts to standard rate

Need a line of credit with those home improvements or to have funds available for "just in case" emergencies?

Our Home Equity Line of Credit may be the answer. You can use the approved funds as you need to with flexibility. 

Our HELOCs are at 2.99% APR* for 90 days then reverts to standard rate. Minimum line of credit is $10,000 and maximum amount is $400,000. $1,000 minimum advance requirement. New Horizons may finance up to 100% of appraised value (less existing mortgage/liens).  All HELOC costs will be paid by the Credit Union with the exception of the appraisal.  All rates and terms are subject to change.  Contact an NHCU Loan Officer for posted standard rate information.  For a variable HELOC, the maximum annual percentage rate shall not exceed 18.00% APR*.  All loans subject to credit approval. Contact the Credit Union at 251-259-5767 or click on contact us and ask to be directed to our Mortgage Center for further details on our Home Equity products or other Mortgage products. 

We offer helpful financial calculators that include a Home Equity Calculator to assist with determining your financial strategy.

To apply for a Home Equity Loan, Home Equity Line of Credit, please click on the button below.

Apply Here For a Home Equity Loan!

For Loan Disputes and Inquiries please write to:

ATTN: Disputes and Inquiries

New Horizons Credit Union

P.O. Box 1785

Mobile, AL 36633

NMLS# 410405 NHCU Mortgage Loan Officers and National Mortgage Licensing System Unique Identifiers. *APR - Annual Percentage Rate. APR may vary based on loan type, loan-to-value (LTV), occupancy and loan purpose, individual credit history, underwriting factors, and subject to credit approval. Products, terms, and conditions subject to change without notice.  Taxes and insurance will vary depending on loan type and may cause your payment to be higher. ***For variable HELOC, the maximum annual percentage rate shall not exceed 18.00% APR*. All loans subject to credit approval.  Rates are subject to change.