Personal / Lending /

Home loans

We offer different mortgage plans to appeal to a variety of home buyers.

“Alternatives impacts me through their community work. By offering programs to help my neighbors learn about managing money or how to save for a home or education, they improve my surroundings and ultimately make the world a better place.”

— Lisa, Happy business member

Home mortgage loans

As a credit union focused on serving your needs, we promise to provide you the expertise, flexible terms, and competitive rates to get you into the home you want.

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Details

  • Available for primary residence, second homes, vacation homes, or investment properties
  • Competitively low rates for home purchase, refinance, or construction
  • A wide range of financing programs available:
    • 30 Year Fixed 
    • 20 Year Fixed
    • 15 Year Fixed
    • 5/5 Adjustable Rate Mortgage (ARM) - Flexible Plus
    • 7/1 Adjustable Rate Mortgage (ARM)
    • 10/1 Adjustable Rate Mortgage (ARM) - Ten Year Swing
    • 80% Home Equity Line of Credit
    • 90% Home Equity Line of Credit
    • EnergyWise Home Equity Loan
  • Adjustable rate first mortgages available with no closing costs
  • Free pre-qualification for extra confidence when it comes to securing financing
  • Refinance your current home to potentially lower your rate
  • Detailed, attentive service from start to finish
  • For a $100,000 fixed rate loan for a term of 30 years with a 4.00% APR, the monthly payment will be $477.42.  Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.
  • For a $100,000 5 year adjustable rate loan for a term of 30 years with a 3.50% APR, the monthly payment will be 449.05. Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.”
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Energy Efficiency/Solar Loan

Use your home's equity as collateral to secure financing for energy-saving improvements to your house.

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Details

  • Competitive fixed rates for energy efficiency improvements to your primary residence
    • Solar installation
    • Heating/cooling upgrades
    • Window replacement
    • Insulation
    • And more
  • Interest only for first 18 months
  • Loan amounts of up to $100,000
  • Up to 15-year term
  • Maximum 90% Loan to Value with all outstanding liens
  • For a $20,000 loan for a term of 10 years with a 4.49% APR, the monthly payment will be $207.21
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*All loans subject to approval.

Fixed Rate Home Equity Loan

Freedom from high rates may be closer than you think. Tap into the value of your home to finance a wide variety of needs.

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Details

  • Competitive fixed rates using the equity from your primary residence
  • Loan amounts of up to $200,000
  • 10-year term
  • Borrow up to 90% of the value of your home, minus any outstanding liens
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $25,000 loan for a term of 10 years with a 5.00% APR, the monthly payment will be $266.02
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Home Equity Line of Credit (HELOC)

If you have ongoing needs that are better served with revolving credit — but do not want to resort to a credit card — a home equity line of credit (HELOC) may be the affordable answer.

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Details

  • Competitive interest rates for a wide range of ongoing expenses:
    • Home improvements
    • Medical expenses
    • Renovation projects
    • And more
  • Direct, anytime access to funds without reapplying
  • Revolving credit — when you repay, your limit is replenished for future borrowing
  • Affordable payment plans
  • Only pay interest on the part that's used
  • The interest paid may be tax deductible*
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
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*Consult a tax adviser.

Rates

Rates are subject to change, please contact us for current rates or contact the mortgage department.

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