David has lived in Lubbock and served the Lubbock community in various capacities for more than 20 years. He is a Texas Tech University alumni and currently a member of the ALLIANCE Credit Union team, where he serves as Vice President of Business Development. With the support of his family and ALLIANCE Credit Union, David is involved and invested in the Lubbock community. David currently serves as the President of the Board of Directors for the Early Learning Center. Most importantly, David also devotes time to his family, with his beautiful wife, Sherrelle, and two sons, which has included coaching his sons’ soccer teams over the past six years, as well as helping his wife teach Sunday school at their church.
Why should you invest in real estate?
At ALLIANCE, we understand the importance of making informed investment decisions that align with your financial goals. There is an endless amount of reasons to make the big decision of becoming an investor, so we compiled a short list of a few!
High Cash Yield
Real estate investments offer the potential for high cash yields, providing investors with a consistent income stream. Unlike stocks and bonds, where returns are contingent on market fluctuations, rental income from real estate assets contributes to stable, ongoing cash flow.
Equity Buildup
Investing in real estate allows you to build equity over time. Mortgage payments contribute to reducing principal and increasing your ownership stake in the property. This intrinsic value growth is a unique advantage not present in stocks, bonds, or cash savings.
Leverage
Real estate provides unparalleled opportunities for leverage. Financing allows investors to control a significant asset with a relatively small initial investment. This ability to magnify returns can be a game-changer, especially in a carefully structured investment strategy.
Tax Advantages
Real estate investments come with a range of tax benefits. Interest payments on mortgages, property depreciation, and various expenses associated with property management can be leveraged to optimize your tax position. These advantages contribute to enhanced after-tax returns, further strengthening the case for real estate investment.
Mortgage Loans
When you're ready to make a big move,
we're here to do some heavy lifting.
Conventional Loans
Conventional loans are the most common type of mortgage and are generally best suited for borrowers with strong credit scores and stable finances.
H.O.M.E. 100
ALLIANCE Credit Union’s H.O.M.E-100 program, short for Home Ownership Made Easy, provides 100% financing on loans up to $375,000, with no down payment needed. It’s not just for first-time buyers, anyone can qualify.
FHA Loans
Looking for a smoother path to homeownership? FHA loans offer low down payments and flexible credit requirements to help you get the keys faster.
VA Loans
Your service deserves more than just gratitude. At ALLIANCE Credit Union, we are proud to support veterans, active-duty service members, reservists, and eligible military spouses by offering access to VA Home Loans.
Self-Employed Options
At ALLIANCE Credit Union, we understand that success doesn’t always come with a W-2. That’s why we offer home loan solutions tailored for self-employed borrowers.
Commercial Loans
With the right resources,
your business can get bigger and better
Commercial Loans
Fuel Your Investment Portfolio with Smart Financing. At ALLIANCE Credit Union, we’re committed to helping businesses and investors grow with competitive commercial loan solutions.
Commercial Renovation Loans
The ALLIANCE Renovation Loan allows borrowers to finance a property based on its projected value after renovations are completed, using a detailed renovation budget.