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Finance your home with ABCO and take advantage of:
- Competitive Rates
 - Low fees
- Low Downpayment for Qualified Borrowers*
- A variety of financing options
- Credible, trustworthy service
*Based on a member's credit worthiness and other factors.
Mortgage Options
Conventional Fixed Rate Mortgages
A traditional loan which maintains its original interest rate throughout its life. Conventional fixed rate mortgages are the most widely used type of loan. The security of a fixed payment is an attractive financing option for many customers.
Term
| Rate
| Points
| 30 Year Fixed
| 4.000% to 5.750% | 0.0%
| 20 Year Fixed
| 3.875% to 5.750% | 0.0% | 15 Year Fixed
| 3.250% to 5.625% | 0.0% | 10 Year Fixed
| 3.250% to 5.625% | 0.0% |
Adjustable Rate Mortgages
Adjustable Rate Mortgages allow members to take advantage of a lower interest rate and a lower payment early on. This type of loan is an effective tool for members planning to move or refinance within a few years. For more information contact the lending dept. at 1.800.225.1859 ext. 7613.
FHA (Federal Housing Administration) Loans
An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). With low down payments, and consideration for non-traditional credit histories such as on-time rent, utility and insurance payments, FHA loans make this an excellent time to take steps toward home ownership. For more information contact the lending dept. at 1.800.225.1859 ext. 7613.
Reverse Mortgages
A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income—without having to sell their home, give up title to it, or make monthly mortgage payments. The loan only becomes due when the last borrower (s) permanently leaves the home. If you're at least 62 years old, have paid off your home, and need money to help the kids, pay off debt, or cover medical expenses, a reverse mortgage might be a good option for you. Receive monthly payments instead of making them. For more information contact the lending dept. at 1.800.225.1859 ext. 7613.
Not sure which mortgage type is right for you?
Contact one of our Mortgage Counselors for a tailored mortgage plan to help meet your financial goals at 1-800-225-1859 ext. 7613.
Mortgage Calculator
Wondering how much you can afford? Use our convenient mortgage calculator to help you estimate.
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Loans & Credit
