Residential

Alliance Bank offers a wide variety of loans for your purchase, refinance, including cash-out refinance, construction loans, and home equity credit lines. We specialize in solutions that meet your needs.

  • Fixed Rate
  • Adjustable Rate
  • FHA
  • VA
  • USDA
  • Jumbo Fixed Rate
  • 1-4 Family
  • Construction
  • Home Equity Credit Line

Our mortgage experts provide personal advice and counseling and work with you throughout the loan process. We offer a pre-qualification service to expedite your purchase. Contact one of our mortgage originators to discuss the loan program best suited to your particular needs.

Fixed Rate

Not government insured or guaranteed.

  • Up to 95% maximum LTV*
  • Terms available up to 30 years
  • PMI** is required on loans with LTV* greater than 80%
  • Eligible property types
  • Purchase and refinance transactions available
  • Fixed rate loans may be serviced locally
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Adjustable Rate

An adjustable rate mortgage gives Alliance Bank the flexibility to create a mortgage for those who may have needs that are not met by a fixed rate mortgage. The loan may have lower beginning interest rates (and lower payments) than fixed rate mortgages and can increase or decrease after the initial adjustment period. Typically a person who may only stay in a home for a short period of time may choose this product to reduce the mortgage costs during their limited stay in the home.

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FHA (Federal Housing Authority) Loans

FHA loans aid lower income borrowers to purchase otherwise unaffordable homes.

  • 96.50% LTV* on purchase transactions and up to 97.75% LTV* on refinance transactions
  • Lending limits vary based on housing types and the state and county in which the property is located
  • FHA collects an up-front mortgage insurance premium along with an annual fee
  • 620 minimum credit score
  • Eligible property type
  • 30 year fixed rate term available
  • Purchase and refinance transactions available
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VA (Veterans Administration) Loans

VA loans offer long-term financing to eligible veterans, active duty personnel or surviving spouses.

  • Up to 100% financing available
  • Guaranteed by U.S. Department of Veteran Affairs
  • VA collects a funding fee on each loan to compensate for any losses or defaults unless the veteran is exempt
  • 620 minimum credit score
  • 30 year fixed rate term available
  • Eligible property type
  • Purchase and refinance transactions available
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Guaranteed Rural Housing Loans (USDA-United States Dept of Agriculture)

Guaranteed Rural Housing loans are geared to help moderate income families.

  • Up to 100% LTV* based on appraised value
  • Property must be in a rural eligible location
  • Guaranteed by USDA
  • Rural Housing collects an up-front guarantee fee along with an annual fee
  • Guaranteed loan eligibility income limits apply
  • 620 minimum credit score
  • 30 year fixed rate term is available
  • Eligible property types
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Jumbo Fixed Rate Loans

Jumbo Fixed Rate loans are those with balances in excess of $417,000.

  • Minimum loan amount $417,000
  • Minimum credit score 720
  • Loans under $1MM require 1 appraisal, loans over $1MM require 2 appraisals
  • Additional requirements and conditions apply
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1-4 Family Investment Property Fixed Rates

  • Minimum credit score is required for purchase, rate and term refinance, or cash out refinance
  • All 1-2 unit properties maximum loan to value is 75%, all 3-4 unit properties maximum loan to value 70%
  • Reserves required equal to 6 months principal, interest, taxes and insurance for subject properties.
  • Can finance up to 2 investment properties
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Construction

Alliance Bank specializes in helping customers build their dream home. Our Construction Loan Program provides short-term financing for a specified period of construction with "interest only" up to a maximum of 12 months. Upon completion, the bank will refinance the home for the long term in the appropriate loan program.

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Home Equity Credit Line

A home equity credit line allows a homeowner to borrow against the equity in their home with specific limits and terms. This is an open-end loan with the ability to borrow and repay funds as needed for a variety of purposes.

  • Up to 90% maximum LTV* for eligible borrowers
  • No closing costs or annual fee
  • Loan term of 10 years
  • Requires a minimum monthly payment of principal and interest if there is an outstanding balance
  • $10,000 minimum loan amount
  • Only available on 1-4 family owner occupied dwellings
  • Convenient access by check, online banking, or at one of our branches
  • Interest may be tax deductible (consult your tax advisor)

** LTV - Loan to Value
** PMI - Private Mortgage Insurance

Call a member of the Alliance Bank Lending Team today!


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Toll-free Number (888) 287-4094
Email: info@alliancebanking.com
Telephone Banking Number: (877) 472-9247
If your card is lost of stolen, call: (800) 264-4274
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