The best of life happens at home.
Your home is your private sanctuary, where you make the rules, even in fuzzy slippers and lounge pants. Your home should reflect who you are and have comfortable payments. We can help. 🏠
You’ve got options.
Home-buying Options
First-time homebuyers • Conventional
FHA/VA • MBOH • 5/5/5 ARM
Modular or Mobile Home
Bridge Loan
Use the equity in the home you’re selling to borrow against for a down payment on the home you’re buying.
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Equity Builder
Zero Down (yeah, you read that right: 100% financing and NO DOWN PAYMENT required – some restrictions apply though.)
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Construction
We’ll keep your construction project gaining ground. Speaking of ground, we lend for vacant land too.
- Construction
- Land
- Rural Development
need help?
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Meet the Team
Meet the Team
Get to know the friendly experts who will guide you through every step of your real estate journey.
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Schedule an Appointment
Schedule an Appointment
Ready to take the next step? Get personalized support tailored to your needs.
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Apply for a Home Loan
Prep for Buying
Prep for Buying
Thinking of taking the plunge? Check out these homebuyer prep steps to take before homeownership.
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Compare Homes
Planning? We’ve got a calculator for that.
Which mortgage option is best for my budget?
Use this calculator to compare the total cost of any 2-3 mortgage options.
How much will my fixed rate mortgage payment be?
Compute the payments (principal and interest) for a fixed rate loan.
Is it better for me to rent or to buy a home?
Calculate to compare the cost of renting versus the real cost of buying a home.
What’s the interest savings from a higher mortgage payment?
Compute the impact of extra mortgage payments on the total interest paid.
How much mortgage might I qualify for?
Calculate with your total monthly gross income and monthly expenses.
How much home can I afford?
This calculator computes the most expensive house you can buy based on the highest payment you can afford.
Home equity options
A home equity is handy for unexpected expenses, like when you accidentally put the wrong soap in the washing machine and have an instant foam party (not that you’d do that). A home equity loan can pay for planned events (like a pool party when you’re missing, say…the pool).
Loans • Lines of Credit • Interest Only
Home Loan FAQs
Can a home loan be paid off early?
Yes, a home loan can be paid off early, and at Altana there are no early or prepayment penalties. There are several benefits to paying off a home loan early including saving on interest, equity is built faster in your home which is beneficial if you decide to sell or refinance, and it means you’ll be debt-free sooner which improves your financial stability.
How do I know which home loan I qualify for?
To determine which home loan you qualify for, you’ll need to evaluate several factors. Check your credit score to assess your creditworthiness and assess your financial situation to make sure you have sufficient income to cover payments and how much you can afford to put down for a down payment. Work with a lender to get pre-approved so you know your price range and compare loan types to find which is the best option for your situation. Make sure you fully understand the terms and conditions of the loan including interest rates and the repayment period.
What is mortgage insurance?
Mortgage insurance is a policy that protects lenders in case a borrower defaults on their loan and is typically required for certain loan types. As a borrower it can make it possible to purchase a home with a smaller down payment. Understanding the type of mortgage insurance your loan requires and how it affects your payments can help you make informed decisions.
What can home equity loans be used for?
Home equity loans allow you to borrow against the equity you have built up in your home. Some common uses for home equity loans are home improvements, debt consolidation, education expenses, medical expenses, major purchases, investment opportunities, vacations, special events, and emergency expenses.
How do home equity line of credits work?
A home equity line of credit (HELOC) is a revolving credit line secured by the equity in your home. You’re given a credit limit based on your home’s equity and creditworthiness. It works similar to a credit card, where you can borrow, repay, and borrow again within the draw period, providing flexible access to funds for various needs.
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Disclosures
It is the policy of Altana Federal Credit Union to comply with all fair lending laws and regulations, including the Equal Credit Opportunity Act (ECOA), the Home Mortgage Disclosure Act (HMDA), the Fair Credit Reporting Act (FCRA), and the Fair Housing Act. In addition, the Credit Union adheres to federal regulatory agency fair lending guidance as set forth in the Interagency Policy Statement on Discrimination in Lending. Under the Equal Credit Opportunity Act (ECOA), it is illegal to discriminate in any credit transaction on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), applicant’s receipt of public assistance income, and/or the applicant’s exercise of any right under the Consumer Credit Protection Act.
