Pioneer Day

To observe Pioneer Day, all Utah America First branches will be closed on Monday, July 25, 2016. Online & Mobile Banking, SpeechAccess™ and our ATMs will be available for your convenience. Please see our holiday schedule for a complete list of dates we will be closed.

Home Equity Loans

Take Advantage Of The Value You've Been Building

Make the most of your home's equity by taking advantage of the value you've been building. Our no closing costs option for homeowners with significant equity lets you borrow the resources you need, at rates & terms that make sense for your budget. We also offer home equity loans that allow you to use up to 100% of your home's value.

  • Learn more about our wide array of home equity options.
  • Refinance your existing home equity loan at a lower rate.
  • Use our financial calculators to determine your best deal.
  • Rates are applicable to both primary and secondary residents.

Home Equity Loan

With a Home Equity Loan from America First, you can utilize up to 100% of your home's value, minus the balance of your mortgage, to make improvements, add that four-car garage, or do anything else you'd like to accomplish. You'll also enjoy:

  • Competitive interest rates
  • Interest paid may be tax-deductible*
  • A choice of rates and terms: Fixed rate, up to 10-year term, or variable rates, up to 15-year term
  • Free financial calculators
  • 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.
  • 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

1st Mortgage No Closing Costs Loan

This loan is the most efficient...and affordable...way to take advantage of the equity you've been building. You can borrow up to 80% of your home's value, minus your mortgage balance, and choose the term and rate that are right for you. Some additional benefits are:

  • No closing costs
  • Competitive interest rates
  • Interest paid may be tax-deductible*
  • A choice of rates and terms: Fixed rate, up to a 15-year term, as well as a balloon; and variable rates
  • Free financial calculators
  • Loans over $300,000 are approved on a case by case basis
  • Minimum $5,000 loan amount
  • Maximum loan amount of $25,000
  • Up to 15-year variable annual percentage rate (APR), up to 10-year fixed APR loans
  • Variable-rate loans may not exceed maximum APR of 18%
  • Closing costs are assessed if an appraisal is requested
  • Line of credit also available
  • 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.
  • 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 Friday, July 1, 2016 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.
65% Home Equity Non-Owner 15 Years 4.49% Variable
65% Home Equity Non-Owner 10 Years 4.99% Fixed
Home Equity Loan 100% LTV 10 Years 9% Variable
Home Equity Loan 100% LTV 10 Years 9.5% Fixed
Home Equity Loan 100% LTV 15 Years 9.5% Variable
Home Equity Loan 90% LTV 5 Years 5.24% Variable
Home Equity Loan 90% LTV 5 Years 5.74% Fixed
Home Equity Loan 90% LTV 10 Years 5.99% Variable
Home Equity Loan 90% LTV 10 Years 6.49% Fixed
Home Equity Loan 90% LTV 15 Years 6.99% Variable
No Closing Costs Home Equity Loan 80% LTV 5 Years 3.24% Variable
No Closing Costs Home Equity Loan 80% LTV 5 Years 3.74% Fixed
No Closing Costs Home Equity Loan 80% LTV 10 Years 3.99% Variable
No Closing Costs Home Equity Loan 80% LTV 10 Years 4.49% Fixed
No Closing Costs Home Equity Loan 80% LTV 15 Years 4.99% Variable
No Closing Costs Home Equity Loan 80% LTV Balloon 20/5 Years 6.99% 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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