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REAL ESTATE LOANS

Home ownership is your most important investment as well as the backbone of the community.  We are here to help.  A home of your own provides so much more than a roof over your head.  It provides you with a sense of security, well-being, and promise of equity for future needs.  It also creates a foundation for the community.  That's why we are so committed to real estate loans.  By being so, we are doing our most profound duty as a credit union.  We see ourselves as a partner of the North Quabbin community.  We have money to lend.  And we want to provide you with the funds you need to grow and prosper. 

ACU offers a variety of products to meet your needs.  Whether it's a refinance or a purchase, we've got you covered.  We have fixed and variable rate options that fit your specific needs.  We offer USDA, FHA, and other first-time home buyer programs to help you get into your dream home.  Looking for a fixer-upper?  We can help with those too with our Purchase & Rehab loans!

Fixed Rate Mortgages

If you're looking to stay in your home for a while then choosing a fixed rate mortgage may be the best option for you.  A fixed rate mortgage ensures that your interest rate never changes.  You'll enjoy knowing a predictable interest rate and monthly payment.

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Adjustable Rate Mortgages

If you're moving to a bigger home, downsizing to a smaller one, or relocating to a new job, you may want to take advantage of an adjustable rate mortgage.  Adjustable Rate Mortgages (ARMs) are a preferred choice for people who prefer an initial lower monthly payment than a fixed rate mortgage.  After the initial loan period of 3 or 5 years, the rate becomes adjustable meaning the monthly payment may go higher or lower depending on the current rate conditions. To protect you from a severe change in mortgage payments, all of our Adjustable Rate Mortgages apply a 2% / 6% cap. These cap limits mean that your rate change from one year to the next cannot go higher or lower than 2%. A 6% rate cap is the maximum amount the initial rate can increase over the life of the loan.

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Construction Mortgages

When it comes time to building your dream home, ACU can provide construction mortgage to secure the necessary financing. As your new home is being completed, we disburse funds based on the completed work.

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Building Lot Loans

We realize the unique needs of people seeking building lot loans. Financing is the first step toward building your dream home. We have many years of experience helping our members finance their dream home.

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Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit is an excellent way to access the equity in your home, but pay for only what you use. So you have the security of knowing the money is there if you need it, but you also have the option of never drawing on it unless necessary. Access to your funds is as simple as writing a convenient home equity check.

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*Always consult your tax advisor concerning interest deductibility

Home Equity Loan

Unlike a Home Equity Line, a Home Equity Loan is designed for a one-time financing need. It’s a great option if you want to receive a one-time cash payout with a fixed interest rate and monthly payments. Us the cash for anything – consolidate debt, pay education expenses or even home improvements

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*Always consult your tax advisor concerning interest deductibility

Home Improvement Loans

A Home Improvement loan is a simple and worry-free way to care for your home - fix the roof, update your kitchen or replace those old windows - without having to tap into the equity in your home. With a Home Improvement loan no liens are placed on your home and we can process your application and close on your loan quickly, typically within 5 business days.

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Purchase and Rehab Loans

For homebuyers with vision, there is no better option than our Purchase and Rehab Loan, a program that enables homebuyers to finance both the purchase of the home and the renovation expenses needed to make it all it can be. You can borrow up to 50% of the homes estimated completion value based on an appraisal for the improvement costs. We’ll also lend up to 95% loan-to-value with private mortgage insurance. Please contact a specialist at 978-249-3527 for additional information.