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Whether you are considering purchasing your first home, a new home, investment property or refinance your existing home ABCO can help! Contact the Lending Center at 1-800-225-1859 for more information.

  • Competitive Rates
  • Low Downpayment Programs Available
  • A variety of financing options
  • Credible, trustworthy service

Mortgage Options

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.

Contact the Lending Center at 1-800-225-1859 for more information.

Adjustable Rate Mortgages
An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly. This type of loan is often an effective tool for members planning to move or refinance within a few years.

Contact the Lending Center at 1-800-225-1859 for more information.

FHA (Federal Housing Administration) Loans
An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). FHA allows for lower credit scores and as little as 3.5% down which opens the door to homeownership to many that might not otherwise have had that opportunity.

Contact the Lending Center at 1-800-225-1859 for more information.

USDA (United States Department of Agriculture) Rural Development

The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership. Rural Development partners with approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase of safe and sanitary dwellings. Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located.

Contact the Lending Center at 1-800-225-1859 for more information.

VA (U.S. Department of Veterans Affairs) Loan

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). VA loans help service members, veterans, and eligible surviving spouses become homeowners. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

Contact the Lending Center at 1-800-225-1859 for more information.  

 

 




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