The home you want. The lender you trust.

Don't be an anonymous loan number. At Alliant, we work with you personally and want to know your story. Whether purchasing or refinancing, we want to help you with your home ownership goals.

Fixed or Adjustable Rate Mortgage
The Run Down
  • 0% down for well qualified First Time Home Buyers
  • Down payment as low as 3% for non-First Time Home Buyers
  • No application fee
  • Origination fee as low as $995
  • Zero cost loans available
  • Nationwide coverage
  • Customize quotes based on your loan details
Purchase Rates
APR Rate
3/1 ARM 3.951 % 2.750 %
5/1 ARM 3.761 % 2.750 %
7/1 ARM 3.766 % 3.125 %
10/1 ARM 3.756 % 3.375 %
15-Yr. Fixed 3.522 % 3.375 %
30-Yr. Fixed 4.084 % 4.000 %

Purchase rates shown above. Get a custom quote.

MyBankTracker - Best Credit Union

"Best No-Fee Credit Union 2016" - MyBankTracker


"Best Credit Unions 2017" - NerdWallet

Alliant Advantage Mortgage (AAM) Program

Traditional mortgages sometimes create roadblocks to buying a home; they may want a large down payment or require private mortgage insurance (PMI) if you haven’t saved up 20% of your home’s value. But the Alliant Advantage Mortgage (AAM) program helps you overcome these common barriers to homeownership.

0% down, no-mortgage-insurance loans help first-time homebuyers

Alliant’s 0% down product for first-time homebuyers offers loan amounts up to $500,000, with no pricey PMI payments and a variety of term options available.


5% down no-mortgage-insurance loans and refinances


If you’re not a first-time homebuyer, you’re probably already sick and tired of paying PMI. When the milestone of reaching 20% home equity to end your PMI payments is still far off, Alliant’s AAM program can help. You can buy a new home with 5% down (or refinance with 5% equity) and eliminate PMI with AAM.

Member-friendly mortgages

Low fees

You shouldn’t have to worry about big fees when getting your new home. Alliant mortgages have a low, fixed origination fee and no escrow waiver fees.

Great rates. Easy financing.

Our rates are well below the market. Plus, you can finance up to 97% of your home's value.

Lock it in

Worried about rates rising while you’re closing on your home? Our free rate lock-in features gives you peace of mind.

120-day rate lock-in: Available on new construction/end loans
60-day rate lock-in: Available on all loans

Mortgage Process

You’ve been preapproved. You found the house of your dreams and your bid was accepted. Now what?

Learn what happens at every step of the way – from application to closing – with our step-by-step mortgage process infographic.  

View Full Process (PDF)

Download and save the mortgage process infographic.
Rate Watch

Subscribe to Rate Watch to get notified when a rate hits your target. Sit back and let the savings come to you!

Get the right type of mortgage for you

Picking the right mortgage type for your home loan is a big decision - and we’re here to help. Please give us a call at 800-365-7003 to speak with an Alliant home loan specialist who can answer your questions and guide you towards the perfect loan.

Fixed Rate Home Mortgage

as low as 3.375% (3.522% APR)
Quick Summary

Lock in a mortgage rate and payment for a period of either 15 or 30 years.

Max Term

15-year or 30-year50

Consider If
  • You plan to stay in your home for 10 years or more
  • You prefer to have fixed, consistent payments

Adjustable Rate Mortgage (ARM)

as low as 2.750% (3.951% APR)
Quick Summary

Lower initial rate subject to adjustments after fixed term.

Max Term

Initial fixed term 3, 5, 7, or 10-year48,49

Consider If
  • You plan to move before 10 years
  • You prefer to get a low monthly rate at the beginning of your loan​

Purchase Mortgage Rates

APR Rate
3/1 ARM 3.951 % 2.750 %
5/1 ARM 3.761 % 2.750 %
7/1 ARM 3.766 % 3.125 %
10/1 ARM 3.756 % 3.375 %
15-Yr. Fixed 3.522 % 3.375 %
30-Yr. Fixed 4.084 % 4.000 %

Let Me Know When Alliant Rates Gets Even Better

Fixed and ARM mortgage FAQs

How do I choose between a fixed- and an adjustable-rate (ARM) mortgage loan?

Each loan has specific advantages. For example, the fixed-rate loan provides you with the safety and security of knowing your rate is locked in for the entire term of your loan, and that your monthly payment won’t change. An adjustable-rate mortgage (ARM) usually has a lower payment amount in the beginning of the loan so that you can take care of other necessary expenses, like buying furniture for a new home. Talk to an Alliant home loan specialist to help determine which loan is right for you.

How do I choose between a 15-year term and a 30-year term fixed-rate mortgage?

Like any loan, the most important requirement is that you can make the necessary payment without any financial hardship. The shorter the loan term, the less you will pay in interest over the long run, but the larger the monthly payment will be. Keep in mind that even with an Alliant 30-year Fixed-Rate Mortgage Loan, there are no penalties for paying ahead of your payment schedule.

Should I be worried that my payment on an ARM mortgage will go up dramatically after a certain time?

With an adjustable-rate mortgage (ARM) loan, the monthly payment can change after a specific amount of time, according to your loan structure. Alliant ARM loans have a cap to prevent a drastic change on your loan payment. Talk with an Alliant home loan specialist to review the terms of your ARM loan and make sure you understand how your payment can change over time.

Can I pay off my loan quicker than the payment schedule?

Absolutely. At Alliant, there are no prepayment penalties for paying off your loan faster than your payment schedule. In fact, it’s a great way to save on interest over the long run.

Have more questions about mortgages?

Visit our Mortgage Resource Center for more information. 

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