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No Closing Cost Home Loan Program

Opening Doors For All

Saving for a home can be tough, that's why Allegiance offers a no closing cost option.

Apply Now
No closing cost home loan program

Making Homeownership Affordable For All

No Closing Cost Program Benefits

With this program, we cover your typical closing costs and waive the lender origination fee, significantly reducing the amount of money you'll need upfront. You'll still have a down payment and need money for prepaid property taxes, homeowners insurance, and interest, but this program could allow you to afford a house sooner. 

Allegiance Mortgages are the Key to Homeownership

NO CLOSING COSTS

This program helps reduce the amount of money you need upfront.

COMPETITIVE RATES

Enjoy some of the best mortgage rates in Oklahoma City.

EXPERT ADVICE

From questions to closing, our team supports you every step of the way. 

LOCAL SERVICE

Allegiance is rooted in the Greater Oklahoma City community, and ready to help. 
Certain restrictions apply.  Available on select purchase and refinance home loans. Closing costs include additional fees related to inspection, appraisal and title insurance, among others. Real estate agent and brokerage commission and fees are not included in the no closing costs option. Must be primary residence. Rate adjustment will be applied to current rates. Rates subject to change. Repayment of lender paid closing costs will be required if loan is paid off within 36 months of closing date.
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Helping You Move In Sooner

First Time Home Buyer in OKC?

Our partnership with the HomeAdvantage Network & No Closing Cost Program can be combined to significantly reduce the amount of cash you need upfront! 

  • When you partner with a local HomeAdvantage realtor, you receive a portion of their commission towards your closing costs.

  • Our No Closing Cost Program can cover lender and title fees, including origination, underwriting, and processing costs.

Please reach out to one of our mortgage experts for a free consultation on how these programs can benefit you!

Ask An Expert

Mortgage & Home Loan Options in OKC

Get $250 When You Finance Your Home Loan at Allegiance

Enjoy an extra $250* when you finance a new mortgage or refinance an existing mortgage from another institution with us! Fill out our quick form to claim your coupon!

New Website Allegiance Coupon (600 x 400 px) (5)

*Loan subject to approval. Minimum loan amount $20,000. Must mention coupon to loan officer. $250 cash bonus will be deposited into member’s account at the time of closing. Does not apply to internal refinances. Promotion starts January 22, 2024 and may expire at any time without notice.

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Real Estate With Real Rewards

HomeAdvantage Rewards Program

You can get Cash Rewards when you close using a HomeAdvantage Network Agent!

  • Step 1: Share some info so we can match you with the perfect agent for your situation.

  • Step 2: Join forces with an elite, local agent to buy or sell your home.

  • Step 3: Transform your home buying or selling experience with HomeAdvantage Cash Rewards and more!
Learn More

Cash Rewards (“reward”) qualifications or limitations include the following. You must use an assigned HomeAdvantage network agent to buy or sell a property. Completing the transaction with the HomeAdvantage partner is not a requirement. When selling, a reward will be applied as a commission reduction reflected in the listing agreement. When buying, reward may be limited by lender underwriting guidelines and/or prohibited by state law where the transaction is completed as follows: No reward will be available for buyers in MS. Cash Rewards may be in the form of a closing cost credit disclosed on the Closing Disclosure or a reduced real estate commission with the following exceptions. Lender or partner may require sending reward after closing. AK, AL, IA, LA, MO, OK, and OR require HomeAdvantage to issue the reward after closing. In KS and TN, a gift card will be provided for closings and KS limits reward to $1,000. Rewards not issued at closing will be sent within 60 days of HomeAdvantage receiving settlement statement and funds.

Calculate Your Mortgage Payment

Home Loan Calculator

Wondering how much house you can afford in Oklahoma? Use our calculator to explore different combinations of loan amount, interest rate, and term to find the most budget-friendly mortgage payment for you.

*Your actual term and payment will be provided upon acceptance of an Allegiance Credit Union loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.

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Download Your Free Copy!

Discover How Much House You Can Afford in OKC

Make smarter mortgage decisions by revealing what important home buying factors you must consider when deciding which mortgage type and payment amount is best for your budget.

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Your Path To Homeownership

ITIN Loans: No SSN? No Problem

With an ITIN Loan (also called ITIN Mortgage), qualified borrowers in the greater Oklahoma City area can access the money they need to buy the home they have always dreamed of based on these factors rather than a traditional SSN:

  • A current, valid ITIN (Individual Taxpayer Identification Number).
  • Proof of consistent income, such as pay stubs, tax returns, or bank statements.
  • Evidence of responsible financial behavior.
  • Satisfactory credit score.
Apply Now
Mortgage Team

Unlock Your Homebuying Power

What is a Mortgage Pre-Approval?

Thinking about buying a home in the Greater Oklahoma City area? Allegiance Credit Union can help you start strong with Mortgage pre-approval. Getting pre-approved helps you estimate approximately how much you can borrow. A seller will be more likely to consider you a serious buyer if you have a preapproval in hand.

Just fill out our mortgage application, and we’ll verify your info and check your credit. When approved, you’ll get a pre-approval letter (an offer to lend a specific amount) that is valid for 90 days. Don't wait! Get pre-approved today!

Apply Now

Your Mortgage Toolkit

We've gathered our most helpful links, forms, and mortgage guidelines below.

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started

Insurance & Payment Forms

At Allegiance Credit Union, we strive to make the mortgage process as smooth as possible. Here are a few forms our members find helpful:

Error Resolution

If you feel there is an incorrect charge, misapplied payment, or other error, please notify our mortgage team immediately. All requests must be in writing on a separate piece of paper and submitted to:

Allegiance Credit Union
Attn: Mortgage Servicing
4235 N Meridian Ave
Oklahoma City OK 73112

For Error Resolution include:

  • Your Name
  • Mortgage or Account Number and Error

For Mortgage Service Requests include:

  • Your Name
  • Mortgage or Account Number and Request Details
Contact Us

The SAFE Act

Allegiance Credit Union mortgage loan originators are registered and in compliance with the Secure and Fair Enforcement of Mortgage Licensing Act (SAFE Act). One purpose of the SAFE Act is to increase consumer protection by allowing consumers access to mortgage loan originator information with whom they wish to conduct business. You may access information at the nationwide mortgage-licensing registry.

Learn More

What Does It Mean To Be An Equal Housing Lender?

Allegiance Credit Union is proud to be an Equal Housing Lender. We follow lending laws that prevent discrimination during the home selling, buying, and financing process on the basis of race, color, religion, sex, handicap, familial status, or national origin.

Learn More

Employee Name & NMLS Identifier

  • Goines, Micheala 1663406
  • McCarroll, Taylor 2484009
  • Sosa, Max
  • Toribio, Trevor
  • Wood, Chrissy 470059
Choose Your Lender

  • Manage Your Mortgage

    Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

    • Access Your Loan Balance
    • View Payment Options
    • And More

    Register or log in to Manage My Home Loan today!

    Get Started

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started
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What Our Members
Are Saying

"Everything has always gone smoothly in the 20+ years that I've been doing business with Allegiance. Your services & people are top notch."

Nancy S.

"I feel like all of my interactions with ACU have been focused on my financial health and well-being as opposed to what may most benefit the Credit Union."

Kevin M.

Additional Resources

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Adjustable Rate Mortgage vs. Fixed Rate Mortgage: The Key Differences

When shopping for a home or investment property, buyers are also responsible for choosing the right...

Read More

Frequently Asked Questions

What does "no closing cost" mean?

It means Allegiance Credit Union covers many of the typical fees associated with closing your mortgage—like lender, title origination, underwriting and processing fees—so you can save thousands upfront.

Do I have to repay the closing costs?

No, as long as you keep your loan with Allegiance for at least 36 months from the closing date, you'll never have to pay those costs back.

Who is eligible for no closing costs?

This program is available to qualifying Allegiance Credit Union member purchasing or refinancing their home. Speak with one of our mortgage loan officers to learn more.

What closing cost fees does Allegiance cover?

We pay your lender and title fees, including origination, underwriting, and processing costs. You'll still be responsible for items like homeowner's insurance and property taxes.