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Okay here I will post information on the Endings you can get in Silent Hill: Homecoming.

NOTE:
This WILL contain spoilers. For those who just skim.........

THIS WILL CONTAIN SPOILERS

Thank you and if you dont like spoilers read at your own discretion.

~*Ending 2: Drowning*~

After Beating the Final Boss:

Alex awakens in the forbidden room that his father put off limits when he was a child (I know this only from the walkthrough i've been watching on Youtube)
in a bathtub. He looks around to see his father come closer. His father, puts a hand on alex's knee.

Mr. Shepherd: "Don't be afraid son. You'r sacrifice will save us all. Joshua will be safe to carry on the family name."

Mr. Shepherd then pushes Alex under the water. While Alex screams the water thrashes and the screen fades black as Alex dies.