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  $100 for New Members

For a limited time, when you open a new America First account, we’ll match your initial deposit, up to $100. Earn some extra spending (or saving) cash for the holiday season while gaining access to our selection of first-rate financial products & services. Click here for details.

  $50 Deposit Match

Open a new youth account by December 31 and we’ll match every dollar of your initial deposit, up to $50. Stop by a branch to get started! Click here for details. 

Main Content

HOME EQUITY LOANS

Home Is Where the Cash Is!

Home values have increased over 17% nationwide* in the last 12 months, which means it’s the perfect time to take advantage of the equity you’ve been building. Click below to apply.

*Businesswire.com, August 2021.

Home is where the cash is - 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 residences.

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%
  • Reimbursement fee of up to $250 if loan is reconveyed within 24 months.  
  • Home must be located in the state of Utah, Idaho, 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
  • 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
  • Reimbursement fee of up to $250 if loan is reconveyed within 24 months.  
  • Home must be located in the state of Utah, Idaho, 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* As Low As
65% Home Equity Non-Owner 15 Years 5.24% Variable
65% Home Equity Non-Owner 10 Years 5.74% Fixed
80% Home Equity Non-Owner 10 Years 5.99% Fixed
80% Home Equity Non-Owner 15 Years 5.74% Variable
Home Equity Loan 100% LTV 15 Years 7.99% Variable
Home Equity Loan 100% LTV 10 Years 6.49% Variable
Home Equity Loan 100% LTV 10 Years 6.99% Fixed
Home Equity Loan 90% LTV 15 Years 6.74% Variable
Home Equity Loan 90% LTV 5 Years 4.99% Variable
Home Equity Loan 90% LTV 5 Years 5.49% Fixed
Home Equity Loan 90% LTV 10 Years 5.74% Variable
Home Equity Loan 90% LTV 10 Years 6.24% Fixed
No Closing Costs Home Equity Loan 80% LTV 5 Years 3.99% Fixed
No Closing Costs Home Equity Loan 80% LTV 10 Years 4.24% Variable
No Closing Costs Home Equity Loan 80% LTV 10 Years 4.74% Fixed
No Closing Costs Home Equity Loan 80% LTV 5 Years 3.49% Variable
No Closing Costs Home Equity Loan 80% LTV 15 Years 5.24% Variable
No Closing Costs Home Equity Loan 80% LTV Balloon 20/5 Years 7.24% Fixed
* The Annual Percentage Rates (APRs) listed are our best rates. Your rate may be higher depending on credit history and underwriting criteria. Homeowner's Insurance is required, and other fees may apply. Consult a tax advisor regarding the tax deductibility of interest related to your Home Equity Loan. Rates and terms are accurate as of Wednesday, December 01, 2021 and are subject to change. Home Equity Loans and Lines of Credit have a maximum variable APR of 18%. A reimbursement fee may apply if reconveyed within 24 months.

Maximize your Investment

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