Yes! We do Home Mortgage Loans
Whether you're thinking about buying a home for the first time or refinancing your current mortgage, it's never been so easy to save. Call one of our loan officers today to hear our current rates and see how much you could be saving.
In-House Mortgage Loans
For terms up to 10 years with a loan to value of 80% or less. We also offer a balloon mortgage to keep your payments lower. With a 10/20 balloon mortgage, you have payments based on a 20-year amortization with a balloon payment due at the end of 10 years. This has a fixed rate of 7.05% APR*. We'll even waive closing costs on new money of $40,000 or more!
Call Ashley or Paula today at (641) 792-5660.
10/20 Balloon Mortgage Example: A $50,000 balloon mortgage at 7.05% fixed over 10 years and amortized over 20 years would have monthly payments of $389.23 with a final balloon payment of $33,832.68
Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.
More First Mortgage Loan Options
Advantage Credit Union partners with Premier Lending Alliance for our members needing more than 80% financing or terms longer than 10 years.
Fixed-Rate Loans
Variable Rate Loans
Balloon Programs
VA Loans
FHA
USDA
Variety of down payment options, even 100% financing.
Call Ashley or Paula today at (641) 792-5660.
Home Equity Loans
Home Equity Fixed Rates: Lower your payments or accelerate your payoff date on your 1st or 2nd mortgage loans with our Low Fixed Rates!
| 1st Mortgage Fixed Closed End | 6.55% APR** - 5 Years | 7.05% APR** - 10 Years |
| 2nd Mortgage Fixed Closed End | 7.05% APR - 5 Years | 7.55% APR - 10 Years |
No Closing Costs*
No Monthly Fees
Easy Automatic Payments (monthly, semi-monthly, bi weekly, or weekly)
1st Mortgage Fixed Closed End Example: A $50,000 loan at 7.05% for 10 years would make monthly payments of $581.86
2nd Mortgage Fixed Closed End Example: A $50,000 loan at 7.64% for 10 years would make monthly payments of $594.84
Taxes and insurance premiums are not included in the payment and the actual payment obligation may be greater.
Home Equity Line of Credit
You can establish a line of credit based on the equity in your home with a minimum initial advance of $5,000. After that you can get advances of $500 or more with just a phone call, home banking transaction, or a visit to the credit union. The HELOC variable rate is based on the Prime Rate plus .50% and is subject to change January 1, April 1, July 1 and October 1.
Credit Solutions
If you’re struggling to pay your loan or looking to improve your credit, ACU could help. Visit our Credit Solutions page for more information.
*$40,000 minimum to waive closing costs. Loans under $40,000 closing costs range from $281-$719.
**Annual Percentage Rate. Add .25% if you do NOT enroll in automatic payments. No more than 80% loan to value. Rates are subject to change.