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. Plus, we can get you pre-approved before you start shopping so you know exactly how much you can comfortably afford to make an offer when you need to.  Getting pre-approved does not commit you to anything but can give you peace of mind when you start negotiating with realtors.

To learn more about our Mortgage Products and Rates or to get
Pre-Qualified and Apply click 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 anyone 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:

  • 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.

Home Loan Options:
  • 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 the selling price or appraised price (whichever is less), low closing costs, and fixed-rate up to 10 years.  For current rates, please contact our Mortgage Center at (251) 259-5767.

For a free consumer home loan resource tool to help you with your home loan decision, click My Home Loan Toolkit.

Get Pre-Qualified & Apply for any of our Mortgage & Home Equity Loans!

 Learn More & To Apply

Home Equity Loan Products


Home Equity Loan (Fixed Rate) 

A Home Equity Loan is perfect when you need a lump sum to make some home repairs or to pay off debt.  You can 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 evaluation 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. LTV= Loan to Value.

Product Type
Up to 80%LTV Rate
Up to 80%LTV APR* as low as
Up to 90% LTV Rate
Up to 90% LTV APR* as low as
Up to 100%LTV Rate
Up to 100%LTV APR* as low as
5-year Fixed HE 5.87% 6.224% APR* 7.37% 7.729% APR* 8.37% 8.732% APR*
10-yr. Fixed Rate HE 6.00% 6.188% APR* 7.50% 7.693% APR* 8.50% 8.697% APR*
15-yr. Fixed Rate HE 6.50% 6.635% APR* 8.00% 8.141%% APR* 9.00% 9.145% APR*

Home Equity Line of Credit (HELOC):

Need a line of credit with those periodic or phased 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 HELOC rate is based on the Prime Rate and may include a margin.  All rates are subject to change.  Please contact the Mortgage Center directly for the most current rates at (251) 259-5767

Minimum line of credit is $10,000 and maximum amount is $400,000. There is a $10,000 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.  Other conditions and restrictions may apply. 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  Mortgage Center 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 or Home Equity Line of Credit,

please click on the button below.

Apply Here

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.  Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors.  Not all collateral items qualify for terms shown. 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.