MORTGAGE LOANS
Mortgage loans and homebuyer programs
Buying a home is a major step. Alltrust Credit Union can help you explore mortgage options and connect with a mortgage specialist.
Home financing that starts with your goals.
Your mortgage should support your homeownership plans, your budget, and your next chapter. Alltrust offers mortgage guidance and homebuyer programs designed to help qualified borrowers explore available financing options.
Big savings to keep your payments lower with a great rate and fewer fees.
Our team will work hard to make your mortgage process simple and stress-free.
Great options to find a loan and rate that works for you.
First-time homebuyer programs designed to provide an affordable rate, lower down payment, and other benefits.
Explore our mortgage options.
Mortgages
You’ve got options. Whether you’re buying your first home or upgrading to something bigger, we’ll help you find the right mortgage simply, so you can focus on enjoying your new place.
Government Loan Programs
Get home sooner. With low down payments and more flexibility for borrowers, one of these programs could be a great choice for those who may not qualify for an affordable conventional mortgage.
Refinancing
Better loan, happier home. If you love your home, but not your current loan, our mortgage refinancing could be a smart choice.
Features |
Mortgages |
Government Loan Programs |
Refinancing |
|---|---|---|---|
| Best For | Homebuyers looking for a traditional mortgage with flexible terms, down payment options, and predictable choices. | Buyers who may benefit from low down payment options, flexible qualification requirements, or special loan programs. | Homeowners who already have a mortgage and want to improve their loan, lower payments, reduce interest, or access equity. |
| Good Choice If | You are buying your first home, moving up, or want help choosing between fixed-rate and adjustable-rate mortgage options. | You are a first-time buyer, eligible military borrower, rural-area buyer, or someone looking for a more affordable path to homeownership. | You like your home, but not your current loan terms, payment, or interest rate. |
| Loan Options | Fixed-rate mortgages and adjustable-rate mortgages. | FHA loans, VA loans, and USDA loans. | Rate-and-term refinancing and cash-out refinancing options. |
| Main Benefit | Find a mortgage that fits your budget, timeline, and homebuying goals. | Get home sooner with programs that may offer lower down payments or up to 100% financing for eligible borrowers. | Potentially lower your monthly payment, reduce total interest, change your loan term, or access cash from your home equity. |
| Payment Style | Fixed-rate options offer consistent monthly payments; adjustable-rate options may help save money upfront. | Depends on the program and borrower eligibility. | Flexible terms may help you own your home sooner or extend your term for lower monthly payments. |
| Down Payment / Flexibility | Wide range of terms and flexible down payment options. | Low down payment options; VA and USDA may offer up to 100% financing for eligible borrowers. | Not a purchase loan; designed to replace or adjust your existing mortgage. |
| Extra Advantage | Rate discount available with autopay from an Alltrust Credit Union checking account. | May help borrowers who do not qualify for an affordable conventional mortgage. | Cash-out refinancing may be available for qualifying homeowners. |
| Getting Started | Fast, free preapproval available. Apply | Talk to the mortgage team to see which program fits your situation. Apply | Talk to the mortgage team or apply to see whether refinancing makes sense. Apply |
| Best For Homebuyers looking for a traditional mortgage with flexible terms, down payment options, and predictable choices. |
| Good Choice If You are buying your first home, moving up, or want help choosing between fixed-rate and adjustable-rate mortgage options. |
| Loan Options Fixed-rate mortgages and adjustable-rate mortgages. |
| Main Benefit Find a mortgage that fits your budget, timeline, and homebuying goals. |
| Payment Style Fixed-rate options offer consistent monthly payments; adjustable-rate options may help save money upfront. |
| Down Payment / Flexibility Wide range of terms and flexible down payment options. |
| Extra Advantage Rate discount available with autopay from an Alltrust Credit Union checking account. |
| Getting Started Fast, free preapproval available. |
| Best For Buyers who may benefit from low down payment options, flexible qualification requirements, or special loan programs. |
| Good Choice If You are a first-time buyer, eligible military borrower, rural-area buyer, or someone looking for a more affordable path to homeownership. |
| Loan Options FHA loans, VA loans, and USDA loans. |
| Main Benefit Get home sooner with programs that may offer lower down payments or up to 100% financing for eligible borrowers. |
| Payment Style Depends on the program and borrower eligibility. |
| Down Payment / Flexibility Low down payment options; VA and USDA may offer up to 100% financing for eligible borrowers. |
| Extra Advantage May help borrowers who do not qualify for an affordable conventional mortgage. |
| Getting Started Talk to the mortgage team to see which program fits your situation. |
| Best For Homeowners who already have a mortgage and want to improve their loan, lower payments, reduce interest, or access equity. |
| Good Choice If You like your home, but not your current loan terms, payment, or interest rate. |
| Loan Options Rate-and-term refinancing and cash-out refinancing options. |
| Main Benefit Potentially lower your monthly payment, reduce total interest, change your loan term, or access cash from your home equity. |
| Payment Style Flexible terms may help you own your home sooner or extend your term for lower monthly payments. |
| Down Payment / Flexibility Not a purchase loan; designed to replace or adjust your existing mortgage. |
| Extra Advantage Cash-out refinancing may be available for qualifying homeowners. |
| Getting Started Talk to the mortgage team or apply to see whether refinancing makes sense. |
Homebuyer Programs
Opening doors for more homeowners.
Buying a home is one of the most important investments many of us make. But the upfront cost and other factors can be a challenge for some people. If you need help with your mortgage, one of these special programs may help.
- Affordable Housing Program – If you are a first-time homebuyer, retiree, or a low to moderate income borrower, and if your income is at or below 100% of the annual HUD Area Median Income (AMI) for the property location, you may qualify for our affordable housing program. This product is a responsible, low down payment option offering outstanding flexibility and reducing the barriers to homeownership.
- First Time Homebuyer Program – Our first-time homebuyer program allows for the purchase of a home with just 3% down. These loans have less restrictive underwriting criteria and lower interest rates to make it easier to qualify.
- Interest Rate Buydown Program – Lower your interest rate for up to the first 3 years of your mortgage by buying down your rate at closing. The lower initial monthly mortgage payment allows you to redirect your cash flow during the temporary buydown period toward other priorities, or to reduce bills or debt.
- Asset Depletion Program – This program offers a great way to qualify for a mortgage based on your current assets as opposed to income.
Please call for details.
Felicia Andrade
Mortgage Specialist
NMLS #1197102
CALL
508.984.3683
Determine your buying power.
Use mortgage and affordability calculators to explore possible payment scenarios.
Start your homebuying conversation.
A mortgage specialist can help you understand the options that may be available based on your homebuying goals and current qualifications.
Frequently asked questions
Start an application online or contact an Alltrust mortgage specialist to discuss your homebuying goals and available next steps.
Alltrust offers homebuyer programs that may be available to qualified first-time buyers. Eligibility and program requirements apply.
A mortgage specialist can help you review your goals, available programs, application requirements, and next steps.
Required documents vary based on the mortgage program and borrower situation. A mortgage specialist can provide a personalized list during the application process.
Yes. Mortgage loans are subject to credit approval, underwriting requirements, property requirements, and other applicable program terms.
