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Home Equity Rates

 

10-year Fixed Rate Mortgage

Rates effective July 1, 2016; subject to change.

 

Rapid Refi

 

Loan
APR (Annual Percentage Rate)
10-year fixed rate mortgage as low as 3.19%**

 

*Limited time offer.  Rate based on personal credit history and use of Altra services. Loans available to qualified borrowers refinancing a first mortgage on a primary residence; maximum 80% LTV (Loan-to-Value) includes optional cash out. This is a fixed-rate mortgage; Annual Percentage Rate (APR) and monthly payments remain fixed for 10 years. At 3.19% APR, repayment requires 120 monthly payments of $9.74 per $1,000 borrowed. Amortizations over 10 years require a 10 year balloon. Amortizations up to 15 years available for an additional 0.25%; up to 20 years available for an additional 0.50%. Extended amortizations and balloons not available in Texas. Available on owner-occupied and vacation homes in all states except Texas. In Texas it is available on homestead property only.

**New Altra Rapid Refi mortgage loan a closing cost credit up to $150 (credit not to exceed actual costs) is available for members with Altra checking with direct deposit and eStatements; otherwise, member is responsible for all closing costs. Closing costs vary by state and may range between $130 and $600. Equal Housing Lender. Federally insured by NCUA.   





 

Home Equity / 2nd Mortgage

Rates effective July 1, 2016; subject to change.

 

Best Rate Discount

Loan

APR (Annual Percentage Rate)

Best Rate Discount

  • 1.00% APR discount for having Altra Checking, direct deposit, and eStatements

Home Improvement /
2nd Mortgage

As low as 2.85%*

 

*Home Equity Loan / 2nd Mortgage Loan available to qualified borrowers. Loan to Value (LTV) is calculated by dividing the total indebtedness secured by the home by the value of the home. 2.85% APR is fixed for 5 years with 5 year full amortization. Balloon payment is required for amortizations longer than 15 years. Maximum amortization period of 20 years. Maximum LTV for 2.85% rate is 80%. Rate is dependent on borrower’s credit history. Rates and terms subject to change. Payment of $17.90 per $1,000 borrowed is required, based on a 5 year amortization. Closing costs vary by state and may range between $130 and $600. Please consult your tax advisor for deductibility. Rates are based on other account relationships and services used at Altra, term, personal credit history, loan to value and property type. Equal Housing Lender. Federally insured by NCUA.


 

Home Equity Line of Credit (HELOC)

Rates effective November 1, 2016; subject to change.

 

HELOC
 
Loan
APR (Annual Percentage Rate) Term
Home Equity Line of Credit as low as 4.00%* Ask for Details

 

*Home Equity Line of Credit has a variable rate which adjusts monthly and is as low as Prime Rate + 0%, currently with a minimum rate of 4.00% APR. Rate will never exceed 18.0% APR. Rates are based on loan to value and property type. Home Equity Line of Credit is currently not available in Texas. Please consult your tax advisor for deductibility. Contact Altra for complete details.

**New Altra Home Equity Line of Credit closing cost credit up to $150 (credit not to exceed actual costs) is available for members with Altra checking with direct deposit and eStatements; otherwise, member is responsible for all closing costs. Closing costs vary by state and may range between $130 and $600. Equal Housing Lender. Federally insured by NCUA.