Mortgage Loans

Our Mortgage Home Loan specialists will work closely with you to determine which mortgage product best suits 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.

If you own a home and need to borrow on your home, consider these options:

  • Home Equity Loan 

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 advisor. New Horizons Credit Union will finance up to 100% of appraised value (less existing mortgage/liens), no application fee, low origination fee, low closing costs and low fixed interest rates.

  • Home Equity Line of Credit (HELOC) 

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. New Horizons will finance up to 100% of appraised value (less existing mortgage/liens), no application fee, low origination fee, low closing costs, and low variable interest rates. 

Click here to contact a Mortgage Specialist and to request a copy of our Adjustable Rates Disclosure or for other details on our Home Equity Products.

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

Apply Now!


  • Make Financing Easy 

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. We want to make sure that our members enjoy the most competitive rates and flexible financing options available. New Horizons Credit Union offers fixed or variable rates and flexible term loans, and we ensure ease in managing your mortgage. 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. Remember, getting pre-qualified for a mortgage helps you know how much house you can comfortably afford and can save you time shopping.

New Horizons Credit Union finances homes located in certain areas within the states of Alabama, Florida and Mississippi. To find out if your address falls within the areas, please call 251-316-3240 or stop by one of our convenient locations.


New Horizons Credit Union offers:

  • A variety of home loan options with affordable interest rates 
  • Easy to use online loan application
  • Access to a free mortgage payment calculators, which should help give you a better understanding of your budget and how much you can afford
Non-Conforming Home Loans

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

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

My Home Loan Toolkit

For details & to apply for any of our HOME LOANS, click here.


NMLS# 410405
NHCU Mortgage Loan Officers and National Mortgage Licensing System Unique Identifiers