Home Loans

Yes, You Can Own a Home.

Buying a home is one of the biggest financial decisions you'll make. We're here to help every step of the way. Start our simple application or schedule a free consultation to get started.

What Our Members Say

“Alero recently refinanced my home mortgage with outstanding results. This is just another great service they have provided me!” (Eric in Bristol, PA)
"I’ve banked with Alero for over 20 years, from my first mortgage to personal loans, checking, savings. They have always been there for me when I needed them." (Sharon in Crystal Lake, IL)
"Alero is my first call for any banking or financing future plans. They are my financial business partners. Home loans, Credit cards, Car Loans, they are always my first call and my last! I highly recommend them to everyone I know." (Maria in Streamwood, IL)

Educate Yourself on the Homebuying Process

Visit our Homeowner Education Center to access free guides and resources answering common home buying questions.

Looking for Our Current Mortgage Rates?

Call our real estate lending experts for the most up-to-date rates. When you contact our team, they can match with a loan expert to start your journey. You can contact our Real Estate Team Monday through Friday from 8 a.m. to 5:30 p.m:

CALL: 1-800-359-1939

In the menu, choose option 2.

APPLY NOW

SCHEDULE A CONSULT

Frequently Asked Questions

Alero offers Mortgage options to fit your lifestyle:
Fixed-Rate Mortgages: With a fixed-rate mortgage from Alero, your interest rate won't change over the life of your mortgage, meaning your principal and interest payments will remain constant. If interest rates rise, you won't be affected.

Mortgage Refinancing: Refinancing a mortgage from another financial institution can possibly lower your monthly payments, allowing you to pay off your loan faster. Many people refinance to convert an adjustable-rate mortgage to a fixed-rate loan. When you refinance, you also have the option to use the equity in your home to consolidate debt or pay for education, vacations, home improvements, and much more.
First Time Home Buyer Mortgages:   Are you looking to buy your first home? This program is designed to make homeownership more affordable for borrowers getting their first mortgage. With lower down payment requirements, mortgage insurance premiums and associated fees, this program can help you get into your first home without breaking the bank.
VA Mortgage Loans:  Looking to buy a home with the benefits you've earned? We proudly offer VA loans for first mortgages, helping veterans, active-duty service members, and eligible spouses achieve homeownership with competitive rates and flexible terms. Let us guide you through the process with the respect and support you deserve.
FHA Mortgage Loans:  Ready to buy a home with a low down payment? Looking to take advantage of the equity in your home? Our FHA mortgage loans make homeownership or refinancing more accessible with flexible credit requirements and affordable financing options. Whether you're a first-time buyer or looking for a new start, our FHA solutions are designed to meet your financial goals.
Not sure which mortgage option makes the most sense for you? Contact our Real Estate lending experts at 1-800-359-1939, option 2 or select Schedule a Consult.
Getting pre-approved before buying a home provides you with the price range that works best with your budget. A pre-approval also makes you a more attractive applicant, as the seller knows your financing has already been approved and you are ready to make a deal.
You may apply online by clicking the Apply Now button at the top of this page and following the prompts. You can also apply in person, and by phone consultation. Once you have applied, a real estate loan officer will reach out to you with the next steps.
Yes, you can make a loan payment at a branch through the end of 2025. Beginning in January, all payments will need to be handled by myCUmortgage. Please visit the myCUmortgage website for payment options.
Yes, you must be eligible for membership for us to review and process your application. If you are not currently a member, join now.
No, there must be a dwelling on the land you are looking to finance.
Yes, we offer escrow programs for our mortgage loans.
Yes, we offer investment (rental) property loans.
Yes, we do have options. Please contact our Real Estate lending experts at 1-800-359-1939, option 2 for details.
Call our real estate lending experts for the most up-to-date rates at 1-800-359-1939. In the menu, choose option 2.
Although each loan is unique, the typical turnaround time is 30 days.
Yes, though we will only finance the end loan on a construction project. We do not offer short-term construction loans or other types of interim financing to build a home.
Yes, your payments will now be made directly to myCUmortgage. You’ll receive details on how to set up or transfer your payment method, including options for online, mail, or automatic payments.
Payments are due on the 1st of the month. A late fee will be assessed after the 15th of the month if a payment is not remitted.
myCUmortgage will assist with all servicing questions, including loan balances, payoffs, insurance claims, and payment issues. You can reach their member support team directly through the contact information provided in your welcome letter or visit their online portal.
Partnering with myCUmortgage allows us to provide members with enhanced mortgage services, flexible payment options, and improved online tools. It’s part of our commitment to improving your experience and keeping your mortgage management simple and secure.
You’ll have access to additional features with myCUmortgage such as escrow setup, biweekly payment options, online access to your loan details, and expanded customer support for all mortgage-related questions.
You can access the myCUmortgage loan servicing portal at myCUmortgage.
You can also reach them by phone at 1-877-912-8006 Monday – Friday from 7 a.m. to 7 p.m. CT or Saturday from 8 a.m. to 12 p.m. CT.
Email inquiries can be sent to MemberCare@myCUmortgage.com.