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Amalgamated Bank of Chicago offers a variety of loan programs to meet your needs.  In addition to the many different offered programs, we also offer a unique program for union members which is detailed below.

 
Exclusive Union Advantage Mortgage Program

Exclusive Union Advantage Mortgage Program

Attention all first-time.  Amalgamated Bank of Chicago has an exclusive Union Advantage Mortgage program that includes interest rates competitive with the market, down payment assistance, and flexible credit requirements. 

Amalgamated's Union Advantage Mortgage program makes it easy for the first-time homebuyers, who are Union members, to get started, get approved and get moved-in to their first home. 

This program is also open to Union members who are current homeowners interested in purchasing a home located in an Illinois Housing Development Authority (IHDA) targeted housing area. 

Call Amalgamated's Mortgage Department at 312-822-3229 for details.

 

 

 The program features are numerous for eligible borrowers:

  • 30-Year Fixed Rate Mortgage
  • Interest Rates very competitive with current secondary market for 30-year fixed rate products
  • Down payment assistance of up to 3% of the purchase price for qualified candidates
  • Financing available up to 100% of the purchase price
  • Down payments as low as $500
  • Low closing costs
  • Extended interest rate lock for six months on existing properties and nine months on new construction
  • Flexible underwriting guidelines