Athol Credit Union is committed to helping our members find the right home loan for their unique needs. Our goal is to act as a guide, providing helpful advice, clear explanations, and features that make sense for your home purchase. Whether purchasing a first-home, second-home, or an investment property, we are here to answer your questions whenever you need assistance.
If you are interested in a home loan, please feel free to contact us at (978) 249-3527, or you may begin the process by applying online.
Key Features
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Fixed & Adjustable Rates Available
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Competitive Interest Rates
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New Home Buyer Program
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Online Payments
Fixed & Adjustable Rates Available
Competitive Interest Rates
New Home Buyer Program
Online Payments
If you want an interest rate that never changes, you should consider a fixed-rate mortgage. This type of mortgage is a great option if you plan on being in your home long-term and want the stability of a consistent monthly payment.
Product Details
- Terms ranging from 10-30 years
- Flexible down-payment options
- Fixed, competitive interest rate
- Online payments & account management
Adjustable rate mortgages (ARMs) offer a little more flexibility than their fixed-rate counterparts. They are great for those who prefer to have a lower payment for an initial term, usually 3-5 years. After that term, the rate of your mortgage is based on market rates that change over time.
Product Details
- Low introductory payments
- Available with 5-year initial terms
- Interest rate protection – your rate will never go above 6% or lower than 2%
- Competitive adjustable rates
- Online payments & account management
USDA loans, also known as Rural Development loans, are mortgages guaranteed by the U.S. Department of Agriculture. Their purpose is to promote home ownership in rural areas, which happens to include most of the North Quabbin region.
Product Details
- Low or zero down payments available
- Low interest rates
- More forgiving credit score requirements
- Great option for first-time buyers
- Online payments & account management
An FHA mortgage is backed by the Federal Housing Administration. These loans are a great option for those who may have lower credit scores or no credit history, and for those looking for a loan with a lower down payment.
Product Details
- Down payment as low as 3.5%
- More forgiving credit score requirements
- Great option for first-time buyers
- Online payments & account management
VA loans are guaranteed by the U.S. Department of Veterans Affairs, and are a great option for those who are military members, veterans, reservists, or spouses of those who died while on active duty or as a result of a service-connected disability. These loans offer low or no down payment, lower rates, and no private mortgage insurance.
Product Details
- Low or zero down payment required
- Low closing costs
- No PMI requirement
- Online payments & account management