AltaOne Federal Credit Union Offers New Specialty Mortgage Programs

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New products give consumers more options for home purchases and remodels

AltaOne Federal Credit Union ( has announced the availability of two new home loan options: the Premier Purchase Program; and the Equity Builder Loan. These products were developed to provide consumers with more affordable, flexible options.

The Premier Purchase Program is an 80/20 combination loan. Its features include:

  •     0 down payment
  •     Interest rates are fixed for the term of the loans
  •     The 80% 1st mortgage offers a 30-year term
  •     The 20% 2nd mortgage offers a 10-year term
  •     Owner-occupied properties
  •     Single family or duplex units

The Equity Builder Loan is a home equity loan that can be used for home improvement projects such as solar, new pool, new roof, renovations, etc. Its features include:

  •     Fixed interest rate for the term of the loan
  •     10-year term
  •     Owner-occupied
  •     Conventional loan
  •     Requires use of a contractor

AltaOne Vice President of Lending Rich Wendt commented, “We understand our members have diverse needs when it comes to their mortgage and their home. AltaOne has made a commitment to provide a wide range of real estate lending options.”

Financing is available for qualified members. Call an AltaOne representative for terms. For more information on AltaOne’s home loan products, they may call (760) 371-7000, toll-free (800) 433-9727.

AltaOne Federal Credit Union
“Be the Community's Choice” - AltaOne's vision statement

The original sense of neighborly responsibility that led to the formation of the Credit Union at China Lake in 1947 laid the foundation for this highly professional organization capable of meeting a vast array of financial needs for our members.

Since 1947, AltaOne’s strength, wisdom, professionalism and prudent management have helped the organization realize consistent growth. Today, AltaOne’s asset size exceeds $600 million and we serve more than 53,000 members.

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Ted Huntington
since: 09/2013
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