Home Equity Rates
Home Equity / 2nd Mortgage
Rates effective January 17, 2017; subject to change.
||APR (Annual Percentage Rate)
||Best Rate Discount
||as low as 2.85%*
||• 1.00% APR discount for having Altra
Checking, direct deposit, and eStatements
*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 January 1, 2018; subject to change.
|APR (Annual Percentage Rate)
|Home Equity Line of Credit
||as low as 4.50%*
||Ask for Details
*Rates valid as of 01/01/18. Limited time offer. Rates shown are for up to 90% Loan to Value (LTV); after introductory rate period, rate adjusts monthly tied to Prime Rate. After introductory period, loans up to 80% LTV are priced at Prime + 0% with a floor of 4%, and loans between 80 and 90% LTV are at Prime plus 1%. Available on new HELOCs only. Loans available to qualified borrowers for owner occupied properties. Proof of homeowner’s insurance is required. Consult tax advisor about interest deductibility. Not available in Texas. Please consult your tax advisor for deductibility. Contact Altra for complete details.
**Closing cost credit: member pays actual closing costs; members with Altra checking with direct deposit and eStatements will receive a closing cost credit of up to $150 (credit not to exceed actual costs). Closing costs vary by state and are the responsibility of the homeowner; call for details.Equal Housing Lender. Federally insured by NCUA.
10-year Fixed Rate Mortgage
Rates effective May 1, 2017; subject to change.
*Limited time offer. Rate is based on personal credit history. Loans available to qualified borrowers refinancing a first mortgage on a primary residence; maximum 80% LTV (Loan-to-Value) includes optional cash out. Available in all states except Texas on owner-occupied and vacation homes; available only on homestead property in Texas.