At Alliant Credit Union, we want to be your first choice in fulfilling all of your financial needs. We offer a diverse line of products from a regular savings account to a full portfolio of Home Loan Products.

• Nationwide First Mortgages
• Home Equity Products
  • Fixed Rate Equity Loan
  • Home Equity Line of Credit
  • Interest-only Home Equity Line of Credit

Whether you're in the market to finance a home purchase, refinance a current residence or fund a home improvement project, we offer a complete line of home loan products to assist you every step of the way.

Nationwide First Mortgages

• 1st Plus Mortgage - First and Second Mortgage Loan Combination (ask a representative for details)
• 5/1 and 7/1 Interest-only Adjustable Rate Mortgages
• Good credit, unverifiable income, self-employed - you may qualify for a No Ratio Mortgage 1-Year, 3/1, 5/1, 7/1, 10/1 Year Adjustable Rate Mortgages
• 15- and 30-Year Fixed Rate Mortgages
• NEW 30-Year Fixed Rate Interest-only Mortgage

Our partnership with Lincoln Service Mortgage Corporation allows us to offer our mortgage products in all 50 states with these exceptional benefits:

• Option to lock-in at a guaranteed interest rate up to 60 days before closing
• 120-day rate lock-in available on new construction at no extra charge
• Second/vacation home loans available (Not available on Interest-only)
• NEW 100% financing available on 5/7/10 year ARMs (Not available on Interest-only)
•  No private mortgage insurance (PMI) up to 90% LTV or escrow on ARMs
• Buydown option available
• Low, fixed origination fee
• Convenient payroll deduction or automatic savings transfer/ACH transfer

Example Repayment Term

Receive approval in minutes with our online mortgage application. For personal assistance, call 800-365-7003 (Mon-Thu 7:30am-7pm CST; Fri 7:30am-5pm CST).

top

Home Equity Products

• Fixed Rate Equity Loan
• Home Equity Line of Credit
• Interest-only Home Equity Line of Credit

All of Alliant's home equity products feature several attractive benefits designed to save you time and money.

• No closing costs, application, appraisal or annual fees
• Quick same day approval process
• Borrow up to 100% of your home's value upon qualification
• Potential tax savings; the interest may be tax deductible (consult your tax advisor)
• Convenient automatic payment options
• Free checks for easy access to your home equity funds
• Check our Rate Board for current rates

Our equity products are available in the following states:

Complete and submit the online Home Equity Loan Application & Disclosures. For more information on our Home Equity Loan or Line of Credit products visit your local Alliant Service Center or contact us at 800-328-1935.

Home Equity Loan

Our Home Equity Loan allows you to take a one-time draw on the equity in your home. You can borrow up to 100% of the equity in your home with repayment terms up to 15 years and features a fixed rate and payment for the life of the loan.

Enjoy maximum convenience and a great rate with our Home Equity Line of Credit and our new Interest-only Home Equity Line of Credit.

Interest-only Home Equity Line of Credit

If you are looking for more control over your budget and cash flow then consider our new Interest-only Home Equity Line of Credit. With this loan you can enjoy lower monthly payments with the option of paying just the interest and as much principal as you want over a seven year period. At the end of the seven years, there is a balloon payment and you will need to refinance or pay off the loan at that time. An Interest-only Home Equity Line of Credit may be right for you if your property is experiencing high value appreciation; you're self-employed; you expect your earnings to increase significantly in a few years or know you'll be moving soon and want to use the equity in your home.

Consult your tax advisor to determine which type of loan is right for you.

Home Equity Line of Credit

MEMBER'S CHOICE^TM Protection

• Provides peace-of-mind for only pennies a day.
• Protects you and your family by canceling your monthly payment, up to the plan maximum, in the event of disability or your outstanding loan balance, up to the plan maximum, in the event of death.
• Shields you from loss of income with involuntary unemployment coverage.
• Helps preserve your valuable credit rating.
• Helps shelter you from bankruptcy, foreclosure and repossession in a difficult time.
• Protection available up to age 70 on all home equity loan protection options.

Home Equity Line of Credit Protection Options*

Option #1: Home Equity Life Plan

• Protects up to two borrowers per loan for just pennies a day.
• Protection for loss of life only.
• Cancels your outstanding loan balance up to $100,000 in the event of death.

Option #2: Equity Complete Plan

• Protects up to two borrowers per loan for just pennies a day.
• Protection includes life, disability and involuntary unemployment.
• Cancels your outstanding loan balance up to $100,000 in the event of death.
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of disability.
• Defers loan payments for up to six months if involuntarily unemployed.

Option #3: Transitional Equity Life Plan

• Protects up to two borrowers per loan for just pennies a day.
• Protection for loss of life only.
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of death.

Option #4: Transitional Equity Complete Plan

• Protects up to two borrowers per loan for just pennies a day.
• Protection includes life, disability and involuntary unemployment.
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of death.
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of disability.
• Defers loan payments for up to six months if involuntarily unemployed.