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Amplify FCU
PO Box 85300
Austin, TX 78708
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Finance your mortgage or real estate purchase through Amplify Credit Union

Home Sweet Home


Finance or refinance your home

Finance your mortgage or real estate purchase through Amplify Credit Union

Home Sweet Home


Finance or refinance your home


  |  Choose your real estate loan

30-Year Fixed Rate30-Year Fixed
15-Year Fixed Rate15-Year Fixed
Hybrid Adjustable Rate (5/1)Hybrid ARM
Annual Adjustable Rate ARM
30-Year Fixed Rate Mortgage

The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run because you can lock in the rate for the life of your loan.

15-Year Fixed Rate Mortgage

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

Hybrid Adjustable Rate Mortgage (5/1)

These increasingly popular ARMS —also called 5/1— can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

Adjustable Rate Mortgage (ARM)

This loan has a rate that is recalculated once a year. When it comes to ARMs there's a basic rule to remember: the longer you ask the lender to charge you a specific rate, the more expensive the loan.


  |  How it works

Your Real Estate Agent’s Responsibilities

  • Preview available homes to weed out those that are overpriced or undesirable.
  • Present the homes that suit your needs as you've defined them.
  • Help you differentiate between a smart investment and a property that may seem solid now but is likely to lose value in the future.
  • Negotiate the best deal for you. With a Pre-Qualification letter from Amplify Credit Union in-hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the Seller and may make the difference between the Seller accepting your offer or someone else's -- even if your offer is lower!

Your Mortgage Lending Specialist’s Responsibilities

  • Assist you in selecting the best loan with the lowest rates and fees that fit with your current situation and support your future goals. This single decision can save you thousands of dollars up front and over the life of the loan!
  • Keep you informed of your loan status throughout the entire process.
  • Keep your Real Estate Agent informed of our loan progress. Note: your personal information is always kept confidential between you and us; only deal points and progress are shared.

Your Responsibilities

  • Keep your Real Estate Agent informed of any questions or concerns as they develop.
  • Keep the process moving by providing documentation and decisions as soon as reasonably possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
  • Enjoy purchasing your home, but do remain objective throughout the process so you can continue to make sound business decisions.
  • Make sure you are pre-qualified as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home and making a strong offer.


  |  Know what's ahead

Download the Amplify Mortgage Checklist

Download Mortgage Checklist

Gathering these documents now will save you time.

Get Pre-qualified for your Amplify Mortgage Loan

Get Pre-qualified NOW

Having your financing in order will make your offer stronger.

Find the home you want to purchase

Find Your Dream Home

Select a property and make an offer. Click here to search for Austin, TX properties.

Have your Amplify mortgage loan approved and funded

Submit Final Documents & Prepare to Fund

Check your loan status to see if any additional documents are needed.


  |  We can help you

Rates continue to be at historical lows, so if you haven't taken advantage, it's time! Whether your goal is a lower payment or finding the product that fits your lifestyle today, we can help you through the process whatever your ongoing goals may be.

Here are some reasons and scenarios that may warrant a refinance:

  • If your credit score and credit history have improved significantly since you financed your mortgage, you may qualify for a better interest rate
  • If interest rates have dropped since you last financed, you may be able to save a significant amount of money over the life of the loan
  • If you're putting a lump sum of money toward your principal balance, you may be able to lower your monthly payment or adjust your term by refinancing
  • If you originally financed your mortgage with an adjustable rate, you may be able to refinance your loan into a fixed rate mortgage
  • Looking to take out a loan against the equity you've acquired? Click here to learn more about our Home Equity Loans and Home Equity Lines of Credit
  • If Primary Mortgage Insurance (PMI) was required on your mortgage purchase, you may be able to refinance without PMI if you now have at least 20% equity in the property


Mortgage Loan Refinance Calculator

Click here to see if you can lower your payment or interest rate with a mortgage refinance

Additional Mortgage Calculators available here.


  |  We have answers


Application fees NONE
Prepayment penalty NONE


  |  Because your financial success is ours

Tips for buying a new home

7 Home Buying Mistakes to Avoid

Home buying is complex. Prepare yourself for house hunting with these important tips!

Information about buying a home in Austin, TX

How to Buy a Home in Austin, TX

Here are some tips for buying a home in Austin's housing market so you don't miss out on your dream home.

What mortgage lenders look for in a mortgage application

5 Things Mortgage Lenders Look For

Be smart and proactive with your mortgage application by knowing ahead of time what mortgage lenders want.

Tips and questions to ask your potential realtor or real estate agent

Choosing a Real Estate Agent

Choosing the right real estate agent is like hiring someone for a job. Here are some questions to ask before you hire.

1. All loan rates based on creditworthiness and may vary. Check with an Amplify Mortgage Lending Specialist to determine the rate for which you qualify.

2. Amplify Credit Union NMLS #530487; Alex Cardona NMLS # 207769; Terry Council NMLS# 836476; Gary Reimers NMLS# 1163080.

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