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Routing #: 221381867

FAIR Mortgage

Rules were created to exclude many of us from homeownership.

So we changed the rules. 

You deserve to build generational wealth. That’s why Alternatives launched its FAIR (Finance Addressing Inequality and Racism) Mortgage .

  • NO minimum credit score
  • NO down payment
  • NO PMI (Private Mortgage Insurance) required
  • NO auto-disqualifications for bankruptcies, collections, student loan defaults, medical debt
  • Emergency savings fund built into the monthly payment
  • Self-employed or those with commission/tip-based income encouraged to apply

The FAIR Mortgage is for those making less than 80% of the Area Median Income (AMI) or up to 120% of AMI for first generation homebuyers. 

For too long, mortgage rules have excluded black and brown people and those with low income. As a Community Development Financial Institution (CDFI), we changed the rules with our FAIR Mortgage, making owning a home even more achievable.

Apply now or contact us at 607-273-4611, or by email at homeloans@alternatives.org. 

Mortgage Questionnaire

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Unlike traditional banks, we specialize in lending to individuals, organizations, and businesses in under-resourced communities, offering financial education, business coaching, and low-interest rate loans that increase economic potential and help build wealth.

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No need to figure it out yourself, coaches can provide help with money management, paying bills, building credit and housing issues. Speak with a financial coach through our non-profit partner, Balance.

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