1st Mortgage No Closing Costs Loan

1st Mortgage No Closing Costs Loan

This is a great product if you're looking to refinance at a five-, 10-, or 15-year term, or with a 20-year balloon—and you don't want to pay any closing costs. When you take advantage of this loan, you'll get:

  • No closing costs
  • Lower payments or the ability to pay off your balance more quickly
  • Competitive interest rates
  • Possible tax benefits*
  • Free financial calculators
  • Loans over $300,000 are approved on a case by case basis
  • Minimum $5,000 loan amount
  • Mortgages have loan-to-value (LTV) ratios of 80% or less
  • Up to 15-year variable annual percentage rate (APR) loan, up to 10-year and 20-year balloon fixed APR loans available
  • Variable-rate loans may not exceed 18% APR
  • $250 fee if loan is reconveyed within 24 months
  • Home must be located in Utah, Arizona, or Nevada
  • Adequate insurance evidence must be provided 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 Thursday, December 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.
No Closing Costs First Mortgage 50% LTV 5 Years 2.49% Variable
No Closing Costs First Mortgage 50% LTV 7 Years 2.75% Variable
No Closing Costs First Mortgage 50% LTV 5 Years 2.99% Fixed
No Closing Costs First Mortgage 50% LTV 10 Years 3% Variable
No Closing Costs First Mortgage 50% LTV 7 Years 3.25% Fixed
No Closing Costs First Mortgage 50% LTV 12 Years 3.25% Variable
No Closing Costs First Mortgage 50% LTV 10 Years 3.5% Fixed
No Closing Costs First Mortgage 50% LTV 15 Years 3.5% Variable
No Closing Costs First Mortgage 50% LTV 12 Years 3.75% Fixed
No Closing Costs First Mortgage 50% LTV 15 Years 3.99% Fixed
No Closing Costs First Mortgage 80% LTV 5 Years 2.74% Variable
No Closing Costs First Mortgage 80% LTV 7 Years 3% Variable
No Closing Costs First Mortgage 80% LTV 5 Years 3.24% Fixed
No Closing Costs First Mortgage 80% LTV 10 Years 3.24% Variable
No Closing Costs First Mortgage 80% LTV 7 Years 3.5% Fixed
No Closing Costs First Mortgage 80% LTV 12 Years 3.5% Variable
No Closing Costs First Mortgage 80% LTV 10 Years 3.74% Fixed
No Closing Costs First Mortgage 80% LTV 15 Years 3.99% Variable
No Closing Costs First Mortgage 80% LTV 12 Years 4% Fixed
No Closing Costs First Mortgage 80% LTV 15 Years 4.25% Fixed
No Closing Costs First Mortgage 80%LTV/Balloon 20/5 Years 5.99% Fixed

No Closing Costs, No Hassles

Refinance with America First and shorten your term.

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