Mortgages - Allegent Community Federal Credit Union

Mortgages

We are committed to providing our members with a wide variety of mortgage loan programs at competitive rates for new purchases and refinancing. These include loans for owner-occupied single-family detached residences, 1-4 family residential units, townhomes and condominiums. Below you’ll find a list of some of the mortgage options we have available.

All of our mortgage loans come with the same friendly, professional service you have come to expect from your credit union. To learn more about our mortgage loan services or rates, call one of our knowledgeable Mortgage Loan Representatives at 412-642-2875 or stop by a branch today. To start the application process online, click the button below:

Available Mortgages

Conventional Loans

Conventional loans are a great option for any borrower with good credit.

Borrowers who have good credit have many options when it comes to getting a loan to buy a home.

The Conventional Loan Program is ideal for homeowners who have good credit and the ability to put 20% or more of the sales price towards the down payment to avoid mortgage insurance.

Conventional loans also allow for lower down payments with the addition of mortgage insurance.

FHA Loans

FHA loans are available to all buyers and are a great option for those with less available cash.

The Federal Housing Administration (FHA) is an agency within the Department of Housing and Urban Development (HUD). FHA mortgages assist borrowers in becoming homeowners by offering a mortgage with lower down payment requirements and less restrictive qualifying criteria.

VA Loans

VA loans provide benefits for veterans and active duty military.

With no down payment required, eligible Veterans, active duty personnel, national guard and surviving spouses can purchase or refinance a home. In addition, private mortgage insurance is not required. With a Certificate of Eligibility from the Department of Veterans Affairs you can purchase or refinance a home with limited closing costs and flexible credit criteria.

USDA Loans

USDA loans are used to help borrowers purchase homes in rural areas. No down payment is required.

If you are ready to buy a home but are concerned you won’t qualify because of the down payment, Rural Development may be able to help you. USDA has partnered with local lenders to help them extend 100% financing opportunities to individuals and families.