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AFT Home Financing Program

Created exclusively for AFT members

AFT home financing program

Amalgamated Bank has joined with AFT to bring their members the AFT Home Financing Program.1 You’ll enjoy competitive interest rates and exclusive discounts on mortgage and refinancing solutions2 — including a program to help first-time homebuyers.

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Save on mortgage and refinancing solutions

Buying or refinancing a home is a big commitment. That’s why Amalgamated Bank will work closely with you to find an affordable mortgage that fits your needs, and we will put
you first through every step of the process so you can move forward with confidence.

AFT’s Home Financing Program with Amalgamated Bank includes:

  • Flexible adjustable-rate mortgages and stable fixed-rate mortgages
  • Refinance lending options
  • Competitive rates and timely approvals
  • An easy prequalification and online application process
  • $700 in discounts on origination fees for AFT members1,3
  • Strike protection eligibility, where Amalgamated Bank will waive up to three late payment fees in the event that a member’s local is on strike1,5

Make your first home a reality

We’re also pleased to offer a special First-time Homebuyer Program,4 which includes discounts and features designed to help make homeownership a reality:

  • Available on certain adjustable-rate and fixed-rate mortgages with a maximum loan amount of $500,000
  • Low 5% down payment and the entire down payment can come from a gift or grant

Choose the bank that shares your values

Founded by a union nearly a century ago, Amalgamated Bank has kept their commitment to working people by advocating for workers’ rights, supporting a fair banking system, and offering affordable financial services for unions and their members. As the largest majority union-owned bank in the nation, Amalgamated Bank is uniquely positioned to serve AFT members.

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Visit the AFT Member Benefits website for more information on other AFT benefits.

1To be eligible for the benefits under AFT Home Financing Program, applicants must identify themselves as AFT Members during the loan application process. AFT membership is subject to verification.
2All loan applications are subject to credit, property approval and income verification. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
3The discount includes a $700 discount on Amalgamated Bank’s origination fee. Discount will be applied at closing.
4First-time Homebuyer Program:There is no additional cost for Mortgage Insurance with the First-time Homebuyer Program. The Program is available only to qualified first-time homebuyers. Income, geographic, and other restrictions and limitations apply. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. All loan applications are subject to credit and property approval, collateral verification, and Amalgamated Bank’s terms and conditions.
5In the event that a member’s local is on strike, Amalgamated Bank will waive or reimburse any late payment charges for AFT mortgage loans that it originates, up to a total of three late payment charges. This modification includes all loans Amalgamated Bank originates through this agreement, not just the first time home buyer product.
The AFT Home Financing Program is the only Amalgamated Bank product or service endorsed by the AFT.
The AFT Home Financing Program is offered in the following states: California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and West Virginia.
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