Home Loans
Congrats! If you're here, chances are you're making some moves soon.
Whether that move be to purchase a new house or remodel your current home, we've got you covered. We offer many options and can be a great resource to ensure your journey is convenient, affordable, and everything else you need.
Click here for more information about the mortgage process or to apply today!
4.99% APR* 12-month introductory rate!
Lean into your home's equity with a Home Equity Line of Credit! Whether for home renovations, debt consolidation, or planning a dream vacation, HELOCs are a great way to pay for life's projects.
For a limited time, we're offering a 4.99% APR* 12-month introductory rate when you open a HELOC at Allegan Credit Union! Don't miss out on this amazing opportunity to tap into the potential of your home's equity. Stop by any of our branches or call a Member Service Representative at 269.673.5465 to learn more!
Check out our other promotions to see if something else might work better for you!
Here’s the deal: *APR = Annual Percentage Rate. The promotional period begins March 1, 2025. The introductory rate applies to new Home Equity Lines of Credit (HELOC) only. The rate offered will depend on the applicant's creditworthiness. All rates are subject to applicable loan term limits and certain restrictions may apply. The rates are subject to change without prior notice. The initial rate for the HELOC low introductory rate promotion is a fixed rate not based on the index and margin used for subsequent rate adjustments. The Introductory Annual Percentage Rate (APR) of 4.99% APR fixed is for home equity line of credit accounts only and applies to balances on the first twelve monthly statement cycles after the loan open date and which changes to a variable APR as low as 4.99% at the end of the introductory period. To receive this rate, the application must be submitted between March 1, 2025 and December 31, 2025 , and the loan must close within 30 days of the application date. After the introductory period, the APR can vary and is based on Prime Rate plus a margin of +0.50% to +2.50% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal “Money Rates” table on the 20th of the prior month. Minimum APR 3.50%, maximum APR 18.00%. The maximum loan term available is a 5-year draw with a 10-year principal and interest repayment period. Max combined loan-to-value for HELOC is up to 80% for applicants with credit scores of 590+. HELOC qualifies for introductory rate with a minimum credit line of $20,000 and a loan amount of $5,000 taken at closing. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay amortized principal and interest payments on the outstanding balance monthly. After the draw period, you may not withdraw any more funds from the line, you will continue to pay the amortized principal and interest monthly. Offer not applicable on refinance of existing Allegan Credit Union or any division of Ignite Credit Union HELOCs. There are no loan processing or early closure fees and no prepayment penalty. The borrower is responsible for the cost of appraisal, if required. Allegan Credit Union does not offer escrow services. The minimum payment required is interest only or $100, whichever is greater. Rates, terms, and conditions are subject to change without notice. For full promotional details, visit our website at allegancu.com or call us at 269.673.5465.
Home Equity Loans
It's a great time to lean into your home's equity to fund house projects, consolidate debt, take a long awaited vaca, or cover other expenses. We offer both Home Equity Loans or Home Equity Lines Of Credit at great rates.
Text / call 269.673.5465 or email us at
Mortgages
If you're interested in talking with us more about our mortgage options, please text / call 269.673.5465 or email us at
Some benefits of working with us:
- No application fees
- Free loan pre-approval
- 1-on-1 support to help you through the entire process
How much house can you afford?
HELOC
Loans subject to approval. APRs range from 2.99% to 18% depending on your creditworthiness, loan-to-value, and other factors. HELOC APR is variable and the maximum APR is 18%. If required, $700 appraisal fee is applicant’s responsibility. No other closing costs unless refinancing an existing Allegan Credit Union loan. Home Owner's insurance required.
Home Equity
Loans subject to approval. APRs range from 5.75% to 18% depending on your creditworthiness, loan-to-value, and other factors. If required, $700 appraisal fee is applicant’s responsibility. No other closing costs unless refinancing an existing Allegan CU loan. Homeowner's insurance required.
FAQs
Credit scores play an important role when borrowing money. The higher your score, the lower your rate.
Worried your credit score isn't great? It's still worth talking with us! We have great tips on how to move forward and improve your score for future investments.
If you're purchasing/refinancing a home, an appraisal will be required. An appraisal may not be necessary for home equity loans.
We can usually close a home loan in 30 days.
