Allegacy Federal Credit Union

Allegacy is a not-for-profit cooperative that offers many financial services but really shines in the field of mortgage lending.  Allegacy was founded in 1967 in Winston-Salem and has become one of the largest credit unions in the country.  Although the majority of their branches still reside in North Carolina they do have one in New York and one in New Jersey for a total of 20 branches in all.

Allegacy is also a full-service real estate company.  Although most of their clients are already Allegacy members, non-members are also welcome to participate in their services.  Allegacy’s real estate services may be used in conjunction with their mortgage services, but that is not a necessity.

Allegacy mortgage services works to make applying for a mortgage more convenient to the buyer.  No matter what your situation is you will be able to find a mortgage product that fits your needs with Allegacy.  They also offer free pre-qualification services to estimate the purchase price and monthly payments that the customer will be able to afford. Allegacy also makes it easy to fill out a formal loan application online.

Mortgage Loans Funded by Allegacy Federal Credit Union:

• Construction/permanent – only available in North Carolina. Loan is limited to 90% of purchase price.
• Allegacy 100 program – The loan rewards customers with great credit but limited financial means.  The buyer is only required to pay 3% of the total transaction
• Low-Doc fixed rate mortgages – This loan product offers a quick and easy application process without requiring much documentation.  The loan will pay up to 90% of the purchase price.
• 5/1 and 7/1 Adjustable rate mortgages
• Alternative programs – These loan programs are great for those who have credit problems.
• Fixed rate mortgages
• Vacation property – The loan only applies to properties in designated resort or vacation areas
• Investment property – Buyers can have up to 10 investment properties financed at one time.

Allegacy and Buying Your Next Home

Allegacy works to take the stress out of the home buying process.  Not only can you apply for a mortgage online, by phone, or in person, you can also check the status of your loan online at any time you wish.  This can help to put anyone’s mind at ease.  Allegacy also works with anyone no matter how high or low your credit score and income is.  Allegacy federal credit union works with their members to provide the lowest possible rates and the best possible service available.

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.