Home Equity Line Of Credit

UTILIZE YOUR HOME'S VALUE

You've worked hard to build equity in your home. And if you're looking to make the most of this resource, America First has a product to fit your needs.




A Quick-N-Easy Way to Win

Apply for a home equity loan today and be automatically entered to win a grand prize of $5,000!


Our home equity lines of credit -- or HELOCs -- are open-end loans based on the value of your residence minus your mortgage balance. Eligible members can use these funds for substantial home improvements, large expenses and other needs.

We offer standard options, such as our Fixed for Five or our No Closing Costs, that let you draw from up to 80% of your home's equity, whereas our ideal line allows you to borrow up to 100% of the value.

Other America First HELOC benefits:

  • Low monthly payments
  • Competitive rates
  • Interest paid may be tax-deductible*
  • Free online financial calculators

For the lowest possible monthly payment, our Interest-Only Home Equity Line of Credit gives you control. Apply today for an interest-only home equity line of credit and use the equity you've built up in your own home to fund that next major expense.

Ideal for members with at least 20% equity in their home looking for increased short term cash flow. We offer low variable rates with interest-only payments for the first 5 years for greater convenience. Ask one of our representatives about getting started

  • Rates as low as 4.49% APR
  • No closing costs
  • Up to 80% loan to value
  • Interest-only payments over a 5-year draw period
  • 10-year repayment period with principal and interest payments based on 10-year term.
  • Available on primary and secondary residences

Ideal for members with at least 20% equity in their home who prefer rates staying fixed throughout their loans' terms. This unique, no-closing-costs line starts with a low rate based on Prime. At the end of the initial five-year period, the rate adjusts, then stays fixed for another five years. This is a great way to fund improvements you plan to pay for quickly or invest in whatever your family needs, with peace of mind regarding market fluctuations.

Ideal for members with at least 20% equity in their home who prefer rates staying fixed throughout their loans' terms. This unique, no-closing-costs line starts with a low rate based on Prime. At the end of the initial five-year period, the rate adjusts, then stays fixed for another five years. This is a great way to fund improvements you plan to pay for quickly or invest in whatever your family needs, with peace of mind regarding market fluctuations.

  • No closing costs
  • High credit-limit potential
  • Low FIXED interest rates
  • Interest paid may be tax-deductible*
  • Low monthly payment: $50 or 1.25% of the outstanding balance, whichever is greater
  • Free financial calculators

Applicable terms and conditions

  • Minimum $5,000 loan amount
  • Up to 15-year fixed or variable annual percentage rate (APR) loan, up to 20-year balloon fixed APR loans available
  • Variable-rate loans may not exceed maximum APR of 18%
  • Fee of $250 if loan is reconveyed within 24 months
  • Home must be located in the state of Utah, Arizona or Nevada
  • Homeowner must provide evidence of adequate insurance before disbursal of funds
  • Federal law requires a three-business-day rescission period. Upon expiration of said rescission period, funds will be disbursed unless America First Federal Credit Union receives written notice that the right to rescind has been exercised by any party with that right.

Documents that will help expedite the review process

  • Income verification
  • Two years of tax returns (if self-employed)
  • A current statement showing the balance of your first mortgage
  • This year's property tax notice or current appraisal
  • Homeowner's insurance statement

This option is ideal if you prefer easy access to your funds and the ability to draw as you see fit. And you can do it with no closing costs. You can borrow up to 80% of your home's value, minus your mortgage balance. Other benefits are:

  • No closing costs
  • High credit-limit potential
  • Low variable interest rates
  • Interest paid may be tax-deductible*
  • Low monthly payment: $50 or 1.25% of the outstanding balance, whichever is greater
  • Free financial calculators

Applicable terms and conditions

  • Minimum $5,000 loan amount
  • Up to 15-year fixed or variable annual percentage rate (APR) loan, up to 20-year balloon fixed APR loans available
  • Variable-rate loans may not exceed maximum APR of 18%
  • Fee of $250 if loan is reconveyed within 24 months
  • Home must be located in the state of Utah, Arizona or Nevada
  • Homeowner must provide evidence of adequate insurance before disbursal of funds
  • Federal law requires a three-business-day rescission period. Upon expiration of said rescission period, funds will be disbursed unless America First Federal Credit Union receives written notice that the right to rescind has been exercised by any party with that right.

Documents that will help expedite the review process

  • Income verification
  • Two years of tax returns (if self-employed)
  • A current statement showing the balance of your first mortgage
  • This year's property tax notice or current appraisal
  • Homeowner's insurance statement

With this loan, you can borrow up to 100% of your home's value, minus your mortgage balance. That means you'll have the resources you need...when you need them. Advantages include:

  • Access to all your hard-earned equity
  • Low variable interest rates
  • Interest paid may be tax-deductible*
  • Low monthly payment: $50 or 1.25% of the outstanding balance, whichever is greater
  • Free financial calculators

Applicable terms and conditions

  • Minimum $5,000 loan amount
  • Up to 15-year fixed or variable annual percentage rate (APR) loan, up to 20-year balloon fixed APR loans available
  • Variable-rate loans may not exceed maximum APR of 18%
  • Fee of $250 if loan is reconveyed within 24 months
  • Home must be located in the state of Utah, Arizona or Nevada
  • Homeowner must provide evidence of adequate insurance before disbursal of funds
  • Federal law requires a three-business-day rescission period. Upon expiration of said rescission period, funds will be disbursed unless America First Federal Credit Union receives written notice that the right to rescind has been exercised by any party with that right.

Documents that will help expedite the review process

  • Income verification
  • Two years of tax returns (if self-employed)
  • A current statement showing the balance of your first mortgage
  • This year's property tax notice or current appraisal
  • Homeowner's insurance statement

*Please consult a tax advisor regarding the tax deductibility of interest and charges related to your Home Equity Loan.
Product Term APR*
* The annual percentage rates listed are our best rates. Your rate may be higher depending on credit history and underwriting criteria. Rates and terms are accurate as of Wednesday, March 1, 2017 and are subject to change. Home Equity Loans and Lines of Credit have a maximum variable APR of 18% and require homeowners' insurance. A reconveyance fee may apply if reconveyed within 24 months.

**Annual percentage rate, on approved credit, eligibility & conditions apply. Available on 80% or lower loan-to-value (LTV) products. Qualifying members must have current America First long-term or home equity first mortgages. Not available on interest-only & non-owner-occupied HELOCs. Discount remains in effect for loan's full term.
Home Equity Line 100% LTV   9.74% Variable
Interest-Only Home Equity Line of Credit 50% LTV   4.49% Variable
Interest-Only Home Equity Line of Credit 80% LTV   4.74% Variable
No Closing Costs Home Equity Line 50% LTV   3.49% Variable
No Closing Costs Home Equity Line 50% LTV 5 Years 3.99% Fixed
No Closing Costs Home Equity Line 80% LTV   3.74% Variable
No Closing Costs Home Equity Line 80% LTV 5 Years 4.24% Fixed

Maximize your Investment

Make the most of the equity you've been building with our loans and lines of credit.

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