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Branches will be closed Thursday, July 4, 2019 in observation of Independence Day.

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We are always holding giveaways on our Facebook page. Don’t miss out, and check back often.

We volunteer our time, whether it’s fundraising for Habitat for Humanity or helping local teachers makeover their classrooms, we always want to be involved!

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Altura rewards two lucky members every quarter with a cash prize of $1,500. All you have to do is start saving!

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Credit Unions cannot be bought or sold because they are owned by their members. Members are part owners because they have a stake in the company.

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Home Loans

Home Equity Loans

Whether you’re looking to pay off debt, renovate your home, finance your teen’s college, or something else - you can obtain a home

Borrowing from Altura Credit Union

A home equity loan allows you to essentially borrow the money you’ve already invested in your home. These loans allow you to receive a large sum of money quickly without being crippled by high-interest rates. At Altura Credit Union, you can borrow up to $150,000 for a home equity loan.

Home equity loans are available for owner-occupied, one- to four-family units but exclude manufactured and mobile homes. You can use them for a variety of reasons. It’s up to you!

More great reasons to choose home equity loans:

  • The interest on some home equity loans is tax-deductive.
  • Maximum APR for a home equity line of credit at any time is 18%.
  • You can borrow up to 80% Loan to Value!

If you have any questions about home equity loans, contact Altura Credit Union by calling (888) 883-7228.

Rates Effective Date: December 5, 2019
Loan TypeRateVariableAPRIndex^^Margin
Home Equity Line of Credit Owner Occupied-6.000%6.025%4.750%1.250%
Home Equity Closed-End Loans Owner Occupied5.70%-5.72%--
First Mortgage Loans----Call (866) 571-5076 for Current Rates

^ Fees apply and will include a processing, flood, title insurance, property appraisal and escrow fee. A membership fee applies for applicants who are not currently a member of Altura Credit Union. Loan rate...

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^ Fees apply and will include a processing, flood, title insurance, property appraisal and escrow fee. A membership fee applies for applicants who are not currently a member of Altura Credit Union. Loan rates reflect our Best Rates and may be higher depending on individual credit rating and account history.

^^ Variable Rate indexed to the Prime Rate

To download a Rate Sheet, click here.

To download the Important Terms of our HELOC, click here.

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Home Equity Loans

Do You Qualify?

Home equity loans are available for owner-occupied, one-to-four-family units and exclude manufactured and mobile homes.

Home Equity Loans

Did You Know?

With Altura Credit Union, you can borrow up to $150,000!

FAQ's

How Long Will the Online Application Take?

The application will ask you questions about the home and your finances and should take less than 20 minutes.

What is the Maximum Percentage of My Home’s Value I Can Borrow?

The maximum percentage of your home’s value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application!

Can I Get Advanced Copies of the Documents I will be Signing at Closing?

The most important documents you will sign at closing are the note and mortgage, sometimes called the deed of trust. Unless there are special circumstances, these documents are usually prepared one to two days before your closing. Other documents are prepared by the closing agent the day before or the day of your closing. If you would like copies of the completed documents to be sent to you after they are prepared, please contact your Mortgage Loan Officer.

Can I Make My Monthly Parents with an Automated Debit from My Checking Account?

Automated monthly payments are available. At the loan closing, an automated payment application will be provided. Simply return it at your earliest convenience to enroll in the automated payment program.

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Financial Well-Being

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Calculators

Determine Monthly Payments for Loans and Mortgages

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