Home loans

Important notice: In order to build the best future for you here at AFCU, we’re doing something bold. As of April 30, 2021, new mortgages, refinances, and HELOCs are “on pause” for 60-90 days. Click here to read more about our upcoming changes in mortgages.

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— Lisa, Happy business member

Home mortgage loans

As a credit union focused on serving your needs, we promise to provide you the expertise, flexible terms, and competitive rates to get you into the home you want.

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Details

  • Available for primary residence, second homes, vacation homes, or investment properties
  •  Competitively low rates for home purchase, refinance, and home equity products 
  • A wide range of financing programs available:
    • 30 Year Fixed 
    • 20 Year Fixed
    • 15 Year Fixed
    • 5/5 Adjustable Rate Mortgage (ARM) - Flexible Plus
    • 7/1 Adjustable Rate Mortgage (ARM)
    • 10/1 Adjustable Rate Mortgage (ARM) - Ten Year Swing
    • 80% Home Equity Line of Credit
    • 90% Home Equity Line of Credit
    • EnergyWise Home Equity Loan
  • Adjustable rate first mortgages available with no closing costs
  • Free pre-qualification for extra confidence when it comes to securing financing
  • Refinance your current home to potentially lower your rate
  • Detailed, attentive service from start to finish
  • For a $100,000 fixed rate loan for a term of 30 years with a 4.00% APR, the monthly payment will be $477.42.  Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.
  • For a $100,000 5 year adjustable rate loan for a term of 30 years with a 3.50% APR, the monthly payment will be 449.05. Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.”

Fixed Rate Home Equity Loan

Freedom from high rates may be closer than you think. Tap into the value of your home to finance a wide variety of needs.

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Details

  • Competitive fixed rates using the equity from your primary residence
  • Loan amounts of up to $200,000
  • 10-year term
  • Borrow up to 90% of the value of your home, minus any outstanding liens
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $25,000 loan for a term of 10 years with a 5.00% APR, the monthly payment will be $266.02

Home Equity Line of Credit (HELOC)

If you have ongoing needs that are better served with revolving credit — but do not want to resort to a credit card — a home equity line of credit (HELOC) may be the affordable answer.

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Details

  • Competitive interest rates for a wide range of ongoing expenses:
    • Home improvements
    • Medical expenses
    • Renovation projects
    • And more
  • Direct, anytime access to funds without reapplying
  • Revolving credit — when you repay, your limit is replenished for future borrowing
  • Affordable payment plans
  • Only pay interest on the part that's used
  • The interest paid may be tax deductible*
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish

*Consult a tax advisor.

Rates

Rates are subject to change, please contact us for current rates.

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