
Ally Bank
3.5 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
Alliant Credit Union doesn’t have as flexible membership requirements as some other major credit unions, but if you’re a member, you’ll have access to one especially attractive mortgage option: the adjustable-rate Alliant Advantage Mortgage for up to $500,000 without a down payment or mortgage insurance payments.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing and more
Min. credit score required
Undisclosed
Nationwide availability
All U.S. states except Hawaii, Maryland and New York
Min. down payment
5% for conventional loans
NMLS: 197185
4.5
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing and more
Nationwide Availability
All U.S. states except Hawaii, Maryland and New York
Min. credit score required
Undisclosed
Headquartered in Illinois, Alliant Credit Union has been in business since 1935, when it was founded as a credit union for employees of United Airlines. Since then, the credit union has grown into a major financial institution with more than 800,000 members. The credit union imposes eligibility requirements for membership, but it can be easy to join if you’re willing to become a member of the nonprofit Foster Care to Success. Notably, the credit union has tiered rate-locks: 120 days for new construction or end loans (mortgage once you complete the construction of a home); 60 days for refinancing; and 45 days for new purchases. There’s also an incentive to find your home directly through Alliant’s Home Rewards program, which can score you a rebate of up to $6,500 if you work with an affiliated real estate agent.
Easy-to-use website with breakdown of customized rates and closing cost estimates
Low- and no-down payment options, plus a no-PMI product
Up to $6,500 back through the Alliant Home Rewards program
Doesn’t disclose minimum borrower requirements online
Alliant Credit Union doesn’t have as flexible membership requirements as some other major credit unions, but if you’re a member, you’ll have access to one especially attractive mortgage option: the adjustable-rate Alliant Advantage Mortgage for up to $500,000 without a down payment or mortgage insurance payments.
Alliant Credit Union charges an origination fee between $995 and $1,350, depending on loan type. The credit union doesn’t charge an application fee, however, and there are no membership fees. It also displays mortgage rates on its website, including the interest rate and APR, and you can get an estimate of a personalized rate based on what you plan to contribute to a down payment and your credit score.
Alliant Credit Union’s mortgage products include conventional and jumbo loans with either a fixed or adjustable rate and options to refinance. The credit union also offers home equity lines of credit (HELOCs) to borrowers in several states.While it doesn’t specifically disclose borrower requirements online, its rate tool does offer a glimpse into its application standards. You can apply for a preapproval and your mortgage relatively quickly through the website, in a process that takes 20 minutes, according to the credit union. Its website also features a simple tool to estimate your monthly payments and closing fees based on a few key points: the home’s purchase price, where it’s located, your down payment and your credit score. You don’t have to share your contact information for the customized quote, and the tool allows you to compare different types of loans, as well.
Alliant Credit Union was founded in 1935. It is accredited by the Better Business Bureau with an A+ rating. It has a “Bad” rating on Trustpilot, but that’s based on less than 50 testimonials as of this review. Borrowers can contact the credit union any time at 800-328-1935 or by email. Its website also includes contact forms for each of its loan officers.
Alliant Credit Union offers both rate-and-term and cash-out refinancing options. With as little as 5 percent equity in your home, you can also use the Alliant Advantage Mortgage program to refinance into a lender-paid mortgage insurance ARM. The credit union’s online rate quote tool offers a complete breakdown of refinance fees, closing costs and rates.
You can apply for a mortgage with Alliant Credit Union online or by phone at 800-328-1935. Here are some tips to prepare for the process:
![]()
Rating: 4.5 stars out of 5
4.5
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
|
![]()
Rating: 4.6 stars out of 5
4.6
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
|
![]()
Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
|
---|---|---|
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing |
Min. credit score required Undisclosed |
Min. credit score required 620 for conventional loans, 640 for FHA loans, 680 for VA loans |
Min. credit score required 620 for conventional loans, 620 for VA loans |
Down payment 5% for conventional loans |
Down payment Undisclosed |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Nationwide availability All U.S. states except Hawaii, Maryland and New York |
Nationwide availability All U.S. states |
Nationwide availability All U.S. states |
NMLS: 197185
5.0
36 ratings
This lender has 36 recent reviews.
100% of customers would recommend this lender.
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Great experience!
I recently purchased my first home in California and had the pleasure of working with Charles from Alliant Credit Union as my lender. Charles was absolutely awesome throughout the entire process. He was incredibly responsive, always available to answer my questions and provide guidance, which was especially important as a first-time homebuyer. Charles's expertise and helpfulness made the homebuying experience smooth and low stress. He took the time to explain every detail, ensuring I understood all aspects of my mortgage. His proactive approach and dedication to customer service were evident from start to finish. I highly recommend Charles and Alliant Credit Union for anyone looking for a mortgage lender. Their professionalism and commitment to their clients are truly outstanding. Thank you, Charles, for making my dream of homeownership a reality!
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Kayla
Los Angeles (July 1, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Top-Notch Rates, Stellar Service: A Dream Mortgage Experience with Robert
Forget the online lender smokescreen nightmare! Working with Robert for my vacation home purchase was awesome. He got me the best interest rate, period. Plus, he wasn't like those loan officers who never answer. Robert either picked up the phone right away or called me back super fast. Robert explained everything in plain English, like he was teaching me, not bossing me around. This way, I actually learned a lot about mortgages, which is way more than any other lender ever did. Even my real estate agent loved Robert and said she's sending her clients to him because he's that good. If you get a chance to work with Robert, hold onto him tight!
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
WhitneyT
South Carolina (June 27, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Couldn’t be happier!
I have been trying to find a home for nearly 2 years with other lenders but because of Alliant I’m sitting in my new house writing this review! Their level of communication and commitment made all the difference in the world. I don’t think I’ll ever stop being thankful for Jeff & Amy!
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Kelly
North Carolina (May 27, 2024)
Response from Alliant Credit Union:
Kelly - congrats on your new home!!! Thank you for the kind words and trusting Jeff, Amy and team Alliant!
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Awesome Experience
Nick and the loan team were great throughout the entire process. This was my first VA loan and because of them, everything went great. Anytime I had any questions, Nick always responded quickly, even if on a weekend. He is extremely knowledgeable, professional, and helpful. I would highly recommend Alliant Credit Union and Nick to anyone looking for a loan!
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
DD
NH (May 14, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Securing a mortgage was daunting until I contacted David Matalon. Here's how my experience unfolded:
• Initial Contact: Reaching out to David was straightforward. Their customer service representative was accommodating and promptly set up an initial consultation. • Customer Service: I found his team exceptionally supportive throughout the mortgage process. Every person I interacted with was knowledgeable and eager to help, ensuring I understood each step. • Application Process: The application process was more streamlined than I anticipated. Thanks to the efficient handling by their team, my initial application was approved in just three weeks. • Terms and Conditions: All terms, conditions, and associated fees were laid out transparently. I particularly appreciated the detailed explanations, which helped me make an informed decision without pressure. • Closing Process: The closing was smooth and free of surprises. The lender maintained excellent communication, informing me of any requirements and next steps, leading to a timely closure. • Overall Experience: My experience with Alliant Credit Union was positive. I felt supported throughout the process and am pleased with the terms of my mortgage. I recommend
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
G T.
Berea, OH (May 6, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Level of Service
Jeff provided exceptional service to us. He was able to promptly give us a rate (the lowest out of 5 other lenders) and create a streamline process for us to easily close on our house. We loved our experience at Alliant Credit Union and with Jeff.
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Taylor F.
Denver, CO (April 29, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Exceptional Experience!
Working with Mike was an incredibly positive experience. His dedication to keeping constant contact ensured that I was always informed and comfortable throughout the process. He helped secure an interest rate that was unbeatably low, surpassing all other offers. He was a wealth of knowledge and provided prompt answers. His expertise in the mortgage industry was evident and made my home buying seamless and successful.
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Joan P.
Mineral VA (April 26, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Mike was a great resource and trusted Advisor
My wife and I had found the home of our dreams, and now we needed financing. I checked several places before finding Alliant and Mike. Mike is a veteran, and was a very knowledgeable loan officer, providing great insights and advice. I felt I could trust him, so we went forward with Alliant. They made the process easy throughout! The only thing I would change is to create a list of items that need to be inspected / certified by the VA, based on the house. We had a number of items that came up in the last week that I felt could have been handled earlier in the process, so that I wasn't quite as stressed trying to get those last 2 items done prior to closing. Great service and great knowledge throughout! Great team of people at Alliant.
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Steven B.
Stigler, OK (April 22, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Terrific Mortgage Loan Experience!
Our experience dealing with Mike and the Alliant team was fantastic. The overall process was transparent and smooth. Mike was incredibly supportive and responded with a high sense of urgency. It’s apparent they keep their customers in the forefront. All loan closing actions were scheduled and completed in a diligent, yet timely fashion. Not only will we rely on Alliant for future loan needs, we would highly recommend their services to friends, family, and the public. My hope is you find the review useful and consult Alliant with your bank and lending needs.
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
RJ W.
Lexington, NC (April 20, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Easy and efficient process
Loved working with Jeff. He made the process easy. I would say though that the underwriting requirement is a tad more stringent than other mortgage brokers.
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes
Dammy
Frackville, PA (April 11, 2024)
Rates and terms of loan honored?
Yes
Closed mortgage with this lender?
Yes
Closed on time?
Yes
Would you recommend this lender?
Yes