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Big decision. Right Partner.

Mortgages

Save money and move in sooner with home loan experts who do the heavy lifting for you. Whether you’re buying your first home, refinancing, or figuring out what you can actually afford, we roll up our sleeves to move the right mortgage forward. 100+ years of helping Worcester families get their keys. Let’s get yours.

Don’t wait: Take advantage of current low rates with a mortgage built just for you and your budget!

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Change your rate, not your mortgage.

Locked into a high rate? With TRIM™, AllCom members can float down to a lower rate once, at zero cost, during the first 5 years of a fixed mortgage. No new loan. No closing costs.
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Why Borrow With Us

We take a better mortgage experience seriously.

  • Home sweet home for less. Competitive fixed rates, grants, and money-saving options you’ll love.
  • Uncomplicated lending. We hate endless paperwork, too. Our experts keep your loan moving forward.
  • On-point pre-qualification. Let us do the legwork so you can move on the right home faster.
  • Friendly, flexible service. We meet you where you are—from downpayment deals to remote closing options.
  • Downpayment grants. Ask about our Equity Builder Program for eligible homebuyers!
Get Started
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It's All About Our Members
“I’ve bought a home before, but never in a market like this and with such a tight timeline. Christine took charge of our home loan application like it was her own, and got us to closing quick.”
— Andrew S.
Why Borrow With Us

Lock in savings. Unlock new doors.

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Same House. Better Deal.

Refinance your loan with AllCom

Rates change. Life changes. And your mortgage could work even harder for you. AllCom makes refinancing straightforward, so you pay less every month — and keep more cash in your pocket for unexpected expenses.

Refinance your existing loan for a better rate, without extending your term, with as little as 8 years remaining. We’ll walk you through how it works and make the process easy.

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Equity Builder Program

Grant funds for eligible homebuyers? We’re on it. Our Equity Builder Program offers up to $11,000 in down-payment and closing costs to purchase a home on a first-come basis.

  • Household income must be at or below 80% of the Area Median Income (AMI).
  • Completion of homebuyer counseling is required.
  • Grant funds are awarded on a first-come, first-served basis until available funding is exhausted.
  • AllCom Credit Union has limited program funding available for qualifying homebuyers.
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Need a HELOC?

Kitchen renovations. College funds. Debt paid down. If you’re looking for a great Home Equity Line of Credit (HELOC) rate to help move life forward, you’re in the right place.
Explore Options
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Ready? Reach out.

Let’s make home happen.

At AllCom, we do all we can to make getting those keys easy, swift, and uncomplicated. It’s just how we serve folks — like real, invested neighbors.

With some of the best Home Loan rates in town, over 100 years of mortgage experience, and personalized service, AllCom Credit Union is a community lender you can trust. If you still have questions about our process or rates, reach out. We’ll pick up the phone.

  • Ring Us
Mortgage Lending Department • 508.754.9980
  • Email Us
[email protected]
  • Visit us
36 Park Ave., Worcester, MA 01609
Frequently Asked Questions

Good Questions. Clear Answers.

A good starting point is “the 28/36 rule.” Your housing payment (principal, interest, taxes, insurance) shouldn’t exceed 28% of your gross monthly income, and your total debt payments shouldn’t exceed 36%. But the real answer depends on your full financial picture: Your income, your existing debts, your credit score, and what you’ve saved for a down payment. Our mortgage calculators can run the numbers, and our mortgage lending team can give you a real answer based on your actual situation.
Pre-qualification is a quick estimate—you tell us about your income, assets, and debts, and we give you a general sense of what you might be able to borrow. It’s useful for knowing where you stand but isn’t based on verified information. Pre-approval goes further: We pull your credit, verify your income and assets, and give you a specific number in writing. Sellers take pre-approval seriously; it’s much closer to a real commitment from the lending institution (AKA AllCom). If you’re actively looking at homes, pre-approval is what you want.
It depends on your current rate versus what’s available now, how much you owe, and how long you plan to stay in the home. The quick math: If you can lower your rate by even a half percent on a large balance, the monthly savings add up fast. Use our mortgage calculator to run your specific numbers, or call us and we’ll do the math with you.

Our mortgage calculators are on the website; just plug in your loan amount, current rate, and what you’re being offered, and you’ll see the monthly difference and the long-term savings in about 30 seconds.

Closing costs typically run between 2% and 5% of the loan amount and cover things like the appraisal, title work, attorney fees, prepaid insurance and taxes, and origination charges. On a $300,000 mortgage, that’s roughly $6,000 to $15,000. The specific number depends on the loan type and your situation. We’ll give you a Loan Estimate early in the process that breaks everything down clearly so there are no surprises.
From application to closing, most AllCom mortgages take roughly 30 to 45 days depending on the loan type and how quickly we can get the documents we need from you. Staying responsive during the process is the single biggest factor in keeping things moving fast. We’ll tell you exactly what we need and when.
We’ll tell you why, specifically. And we won’t just send you out the door. If there’s a path to getting you approved—whether it’s a credit improvement plan, a different loan structure, or waiting a few months—we’ll tell you what it is. We start with “yes,” and even when the answer isn’t yes right now, we try to give you a clear road to getting there.
Absolutely. Call us at 508.754.9980 or stop by the branch. Our mortgage team is happy to answer questions, run numbers, and help you figure out whether now’s the right time to apply (with no obligation!).

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Let's get you home.

Apply online anytime or call us at 508.754.9980 during business hours. Whichever option you choose, our team will promptly review your application and follow up to share the decision.
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Refinance

Opening an account is easy.

Open your checking account online anytime, or bring your printed application to the branch during business hours. Whichever option you choose, our team will guide you through the process and help you get started.

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