Mortgage Loans

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Whether you're looking to buy a home or refinance the one you own, MAX offers several fixed and adjustable interest rate first mortgage options to help you budget responsibly and get ahead. Eight to 30 year first mortgages on primary and secondary residences and investment properties are available. Financing is available for homes within the state of Alabama only.

Apply online 24/7 or stop by our Eastdale branch office to have one of our mortgage counselors walk you through everything you need to know about the mortgage process. They'll show you how easy it is to apply for a home loan that is right for you and your family. If you would like to speak with one of our professional and knowledgeable mortgage services counselors before you get started, just call 800-776-6776 today.

Pre-approval makes shopping for a home a little easier! Pre-approval gives you the confidence to know what specific price range you can afford when shopping for a new home. Then when you’re ready to buy, pre-approval adds credibility to your offer, which helps increase the chances of a seller accepting it. Get pre-approved online or call us at 800-776-6776.

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VA Loans

MAX takes pride in those who serve and have served our country to make it a better, safer place. As Your Community Credit Union®, MAX is honored to provide active and retired military personnel the option of a VA loan when financing a home anywhere within the United States. We offer competitive rates for VA loans with up to 100% financing. Let our experienced mortgage counselors show you how easy it is to apply for a home loan that is right for you and your family. Call us at 334.215.4861 or 800.776.6776, extension 4861 to apply today!

Learn more about MAX home loans»

For qualified borrowers. Certain restrictions apply. Equal Housing Lender.

FHA Loans

MAX offers FHA loans with 3.5% down payment. FHA loans may be a good choice for first-time homebuyers and those who don’t qualify for a conventional mortgage. The down payment amount is lower (3.5%) and can be in the form of a gift from a friend, relative or charitable organization.

FHA qualification guidelines include:
Two years of steady employment.
No bankruptcies in the past two years.
No foreclosures in the past three years.
Credit report shows ability to repay the loan.
Mortgage payment does not exceed 28% of gross income.

Learn more about MAX home loans»

Call 1-800-776-6776 to speak with one of our Mortgage Services Counselors to apply.

For qualified borrowers. Certain restrictions apply. Equal Housing Lender.

 

EcoMAX HOME LOAN CLOSING DISCOUNT

ecomax

The EcoMAX® Home Loan Closing Discount allows you to take up to $1,000 off your closing costs when you build a new home using various “green” products. Each green product you use has a point value. For each point you accumulate, you can take $100 off your closing costs up to $1,000. You must have a minimum of 4 points to participate in the discount program. A maximum of 10 points can be used for the discount. The discount is good for primary residences only. The construction loan must be with MAX to qualify for the discount on the permanent loan.

Check out the table below to see which green products will give you the greatest discount on the closing costs of your new home. Discount may not exceed ½% of the loan amount up to $1000.

Green Products

Point Value

Solar panels generating at least 70% of the total estimated energy use

10

Geo Thermal

4

Solar hot water heater

4

Foam installations attics and external walls

4

All windows Energy Star rated or higher

4

Heating/AC Units rated 14 seer or higher

3

Complete tankless hot water heaters (entire house)

2

Radiant barrier

2

No or low VOC paints

1

Low flow plumbing

1

Energy Star appliances (at least 3)

1

Passive solar (positioning the house in a southern or northern direction limiting windows on the east and west to 2 windows per side)

1

Detached garage

1

Using products from recycled materials such as carpet, counter tops, cabinetry

1

Examples:
• Geo Thermal (4 points) + Radian barrier (2 points) = 6 points = up to $600 discount
• Solar panels (10 points) + Energy Star windows (4 points) = 14 points (max 10 points) = up to $1,000 discount
• Detached garage (1 point) + Low flow plumbing (1 point) = 2 points (minimum 4 points) = no discount

For qualified borrowers. Certain restrictions apply. Equal Housing Lender.

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the full faith and credit of the United States Government. National
Credit Union Administration, a U.S. Government Agency.
MAX Credit Union Routing Number: 262275958 Federally insured by NCUA. Equal Housing Lender. NMLS# 410580.
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P.O. Box 244040 - Montgomery, Alabama 36124-4040 -  Corporate Office: 400 Eastdale Circle, Montgomery, AL, 36117
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