Alliant Credit Union, a Chicago-based institution with more than 800,000 members and more than $19 billion in assets, has expanded the mortgage product line-up for its membership.
Alliant will now be providing three federal mortgages – FHA, VA and USDA – along with a proprietary construction loan that will facilitate financing during the construction phase and then convert to a permanent end-loan mortgage upon project completion. The credit union is also offering a program for medical professionals that offers a 0% down payment option and eliminates the need for mortgage insurance.
“Helping Americans achieve their financial goals, including homeownership, is at the core of Alliant’s mission,” said Dan Bauer, head of residential lending. “We are committed to leveraging technology, forging strategic partnerships and offering diverse products to make the path to homeownership smoother and more inclusive.”