Specialty Mortgages

You're looking for the perfect home and ACU makes it easy to find just the perfect mortgage, with specialty options that help make home ownership more affordable and even profitable. 

Purchase Plus Improve Mortgage

Finally found a fixer upper that's ready for a little TLC? Our Purchase Plus Improve Mortgage lets you include some renovation costs in your mortgage. Start by arranging your mortgage for the initial purchase price. Then, list your planned renovations and have an appraisal done to establish the increase in value resulting from your proposed improvements. The down payment and approval process is based on the projected value of your home once renovations are complete.

Builder's Mortgage

Construct your dream home and pay for it in stages as it's being built. With a Builder's Mortgage, the approval process, payment terms and down payment are based on the projected value of your completed home. Once construction is under way, you'll be required to make regular monthly interest payments on the funds that have been advanced, according to the payment schedule in your building contract. When construction is complete, the mortgage is fully advanced and regular principal and interest payments start.

Revenue Property Mortgage

If you've been looking at buying a residential property for investment purposes, ACU can help. The conditions and features of these mortgages vary somewhat from residential mortgages. For instance, to qualify for a Revenue Property Mortgage, you must demonstrate that your personal financial situation and the income you'll receive from owning and/or renting out the property will be sufficient to cover any taxes and payments. Factors such as the potential vacancy rate, cost of repairs and maintenance are also considered.

Vacation Property Mortgage

Who doesn't long for a small hideaway for summer weekends and family get-togethers, or a home in the country where you can retire? Come to us; we can help make this happen with a Vacation Property Mortgage. 


Online BankingExpand/Collapse

Find Branch/ATM

Enter address, postal code or branch name

Related Products & Services Expand/Collapse

Related Tools