Mortgage Loans

A Greater Way To Morgtage

Don’t be an anonymous loan number. At Greater Alliance we work with you personally and want to know your story. Apply for a home mortgage loan and receive:

  • $500 Gift Card at Closing*
  • No Application Fee & Rate Lock Fee
  • Low rates and flexible terms of up to 30 years
  • Fixed and Adjustable rates available

We are your home for all your Mortgage needs. We’re here to guide you from application through closing. For more information call us at 800-963-1937.

Fixed-Rate Mortgage Loans

Rate and Payment Certainty. Lock in a great interest rate for the life of the loan so every monthly principal and interest payment will be the same as the first one. Consider this option.

  • You plan to stay in your home for 10 years or more
  • You prefer to have fixed, consistent payments

With our Fixed-Rate Mortgage you receive:

  • Low rates and flexible terms of up to 30 years
  • No Application Fee & Rate Lock-In Fee
  • Need help to save for your down payment? Learn more about our Home Buyer Savings Account and receive credit towards your closing costs
  • Available in any state
  • View Rates or if you have a particular rate in mind, sign up for Rate Watch. We’ll watch the rates for you

Apply Now

Adjustable Rate Mortgage Loans

Lock into a low initial rate and the safety of the rate cap protection at each adjustment. Payments reduce your principal balance, amortized over a 30-year term with no pre-payment penalties and no negative amortization loans. Consider this option:

  • You plan to move before 10 years
  • You prefer a lower monthly payment at the beginning of your loan

With our Adjustable Rate Mortgage you receive:

  • Start with a great initial rate
  • 5/5/30 – Adjusts once every five years
  • No Application Fee & Rate Lock-In Fee
  • Need to help save for your down payment? Learn more about our Home Buyer Savings Account and receive credit towards your closing cost. 
  • Available in any state
  • View Rates of if you have a particular rate in mind, sign up for Rate Watch. We’ll watch the rates for you

Home Buyer Saving

Home is one of the biggest purchases you can make and we are here to help you save and give your $1,0001 credit towards your closing costs!

Start saving and earn a reward in 4 easy steps:

  • Sign up for GreenPath’s Homebuyer Counseling and Education Program2. GreenPath is committed to assisting our members in moving towards successful homeownership
  • Pre-Qualify – Contact Greater Alliance Mortgage Representative to pre-qualify for a mortgage, and learn about ways to get ready for home buying while you save.
  • Open a Home Buyer Savings account to earn 0.15% APY3 and save a minimum of $100 a month for 15 months.
  • And receive $1,000 credit towards the closing costs on your Greater Alliance mortgage.

We are your home for all your Mortgage needs. With attractive purchase options, advanced mortgage tools and Greater Alliance’s helpful experts, we will guide you from application through closing.

HomeReady® Mortgage Program

Our HomeReady® Mortgage programs offer low down payment options, flexible credit criteria and other attractive features tailored to meet the needs of many low- and moderate-income borrowers and those purchasing homes in low- and moderate-income areas in New Jersey.

  • Interest rates comparable to conventional loans
  • Down payments as low as 3% of the home’s value
  • Down payment assistance programs also may be available
  • Reduced mortgage insurance requirement
  • Qualify with income from rentals or from someone who lives with you but isn’t a borrower
  • Use down payment and closing cost sources like gift funds and down payment assistance programs
  • Life of Loan homeownership education and counseling available
  • Maximum income and loan amount limits apply (varies by location, only offered in the state of New Jersey)

We can make home buying a reality for you. We’re here to guide you from application through closing. For more information call us at 800-963-1937.

We are your home for all your Mortgage needs. With attractive purchase and refinance options, advanced mortgage tools and Greater Alliance’s helpful experts, we will guide you from application through closing.

If you’re a member, apply now!

If you’re not a member, it’s easy to become one. Click here to get started. Membership requires only $100 in a savings account.

You may call us for more information at 800-963-1937 or email Patrick Faulkner at moc.tpedegagtromnull@FkcirtaP or stop by any Greater Alliance branch locations.

Apply Now

Have more questions about mortgages?

Fixed and ARM Mortgage FAQs

Fixed-rate loans provide peace-of-mind from knowing your rate is locked in for your entire 15- or 30-year term – your monthly payment won’t change. Adjustable-rate mortgages (ARM) have lower payments in the beginning so you can take care of other necessary expenses, like furniture for your new home.

The shorter the loan term, the less you will pay in interest over the long run, but the larger the monthly payment will be. Keep in mind that even with a Greater Alliance 30-year Fixed-Rate Mortgage Loan, there are no penalties for paying ahead of your payment schedule, so choosing a 30-year loan but making larger-than-scheduled payments could be a good compromise option.

With an adjustable-rate mortgage (ARM), monthly payments can change after a specific amount of time, according to your loan structure. However, Greater Alliance ARMs have a cap to prevent a drastic payment increase. Talk with a Greater Alliance home loan specialist to make sure you understand how your payment can change over time.

Yes. At Greater Alliance, there are no prepayment penalties for paying off your loan faster than your payment schedule. In fact, it’s a great way to save on interest over the long run.

Mortgage Loan Resources

Let Greater Alliance be your first – and last – stop in the home buying process. Our mortgage resource center puts all the tools you need right at your fingertips, to help you make decisions and keep the process trouble-free.

  • Check out our blog about First Time Home Buyer

  • Let us keep an eye on interest rates so you don’t have to. With Rate Watch, we’ll e-mail you when rates reach your goal or current rate information on a regular basis.

  • Use our mortgage calculators to help determine if you should rent or own, how much home you can afford, or whether you should refinance.

  • Greater Alliance members benefit from discounted rates on Home Insurance, ADT and Direct TV.

  • The Greenpath Financial Wellness Home Center gives you great tips for going green at home and other timely information for homeowners.

  • Not quite ready to own? Why not start saving more today with a Greater Alliance savings account or certificate account?
  1. *This offer is only valid for purchase mortgages and available only to members of the credit union. All -preapproval and pre-qualifications must result in a complete mortgage loan application by June 30, 2018 and the loan must close by September 30, 2018 to qualify for the $500 VISA Gift Card. Membership in the credit union requires a minimum deposit of $100 dollars.  This offer is subject to change in terms or termination at any time without notice.