Helping You With Your Specific Needs
Moving to a new place is a big decision and, just like our homes, mortgages come in all shapes and sizes. But no matter what type of home loan you need, America First has you covered. From first-time homebuying to conventional refinancing, we'll help fund your dream house. Read below to discover options that fit your unique needs, use our simple calculator to estimate potential payments, then apply for preapproval.
| PRODUCT | INTEREST RATE | DISCOUNT POINTS | APR* (AS LOW AS) |
|---|---|---|---|
| 15 Year Fixed | 5.75% | -0.5 % | 5.897% |
| 10 Year Fixed | 5.75% | 0 % | 5.958% |
| 20 Year Fixed | 6.125% | -0.375 % | 6.243% |
| 30 Year Fixed | 6.625% | -0.375 % | 6.717% |
| * Rates, fees, and Annual Percentage Rates (APRs) displayed may change without notice. Actual rates, fees, and APRs may vary based on credit scores and other factors. Minimum down payment varies based on loan type selected. Mortgage loans are subject to closing costs. Loans with a Loan to Value (LTV) of 80% or higher are subject to Private Mortgage Insurance (PMI). All rates are effective as of Wednesday, July 09, 2025 12:00 AM MST. Please consult a tax advisor for further information regarding tax deductibility of interest and charges. | |||
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This financial calculator is an internet-based application intended to help you analyze your financial needs and is for informational purposes only. It does not guarantee a specific rate, term or payment. The results are not provided or reviewed by America First Credit Union and should not be construed as financial, legal or tax advice. In addition, this data should not be relied upon as the only source of information. Consult an America First loan officer for accurate rates, terms and payment estimates.
While this calculator offers general estimate information, America First may not have a loan scenario that fits the criteria you have entered. For specific inquiries regarding your situation, please call 1-866-224-2157 to speak with a mortgage representative.
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First-Time Homebuying
If you or anyone listed on your application hasn’t owned a home for the last three years, you may be considered a first-time homebuyer. This means qualification is widely available.
- Only 3% down payments
- Potential grants can assist with down payments and closing costs
- Take advantage of low costs & low rates
100% No PMI Adjustable-Rate Mortgage
This adjustable-rate mortgage removes* costly private mortgage insurance (PMI), making it even more affordable. The rate will stay the same for the first five years, after which it becomes variable—decreasing or increasing every six months according to an index & margin—potentially raising or lowering your payments. Closing costs and other loan-related fees may still apply.
- No PMI required
- Maximum loan-to-value: 100%**
- Loan max: $400,000
- Fixed rate for the first five years (rate may increase thereafter)
*According to eligibility, terms & conditions. Available on approved credit and subject to loan-to-value requirements. Some products may require insurance coverage or charges. Other costs may apply. Equal Housing Opportunity Lender.
**Provided example: The estimated principal and interest for a 30-year 100% LTV mortgage of $400,000 at 4.125% interest rate and an APR of 4.230% is 360 payments of $1,939.
Fixed-Rate Loans
When rates are low, lock them in with a fixed-rate mortgage. Your payments stay the same for the loan's entire term. This is a popular choice because of its predictability and consistency.
- Maintains original rate throughout its life
- Market fluctuations won't affect payments
- 10-, 15-, 20- and 30-year terms available
Conventional Purchase
Conventional loans are those that are not associated with government programs, such as Federal Housing Administration (FHA), but they offer great rates and friendly terms. More substantial down payments and solid credit are required. In some cases, you'll need private mortgage insurance, which adds to the overall payments. However, the insurance can eventually be removed as you reach an 80% loan-to-value ratio.
- 620 or above FICO® scores
- 5%* minimum down payments
- Good for primary residences, second homes & investment properties
- 10-, 15-, 20- and 30-year terms
- No income or purchase-price limits
*Unless applicant is first-time homebuyer or qualified for a HomeReady loan
Conventional Refinance
Refinancing your mortgage can help lower payments or shorten the loan's terms. You'll also gain financial flexibility for things like home improvements. Refinancing is recommended for those who want to retain the property for at least three years.
- Minimum 620 credit score
- Maximum loan-to-value: 95%
- For a primary residence, second home, or investment property
- 10-, 15-, 20- and 30-year terms
- No income limits
Government Loan Programs
There are several government-backed loan programs for borrowers, such as Federal Housing Administration (FHA) and the Department of Veterans’ Affairs (VA) mortgages. Talk with a loan officer to see if one of these is right for you.
- FHA 15- and 30-year fixed
- VA 15- and 30-year fixed
- Rural housing (USDA)
- First-time & repeat homebuyers
Construction & Lot Loans
Helping build dreams from the ground up. We’ll provide the resources members need to acquire and excavate lots, then create custom housing. Call 1-866-224-2157 for our construction loan experts. Members, including qualified self-builders can apply.
- Low, competitive rates
- First-rate member service
- Flexibility on down payment requirements
Renovation Loans
These loans let you tap into the value your home will have after renovations are complete. They are ideal for financing big home improvements, like major additions, mother-in-law apartments, or finished basements. Whether you’re tackling a fixer-upper, making room for your growing family, or adding space instead of moving, Renovation Loans can be a great option.
- Borrow up to 80% of your home’s renovated value
- Highly competitive interest rates
- Unbeatable step-by-step service
- Renovation must be done by a licensed contractor
- The renovation must be completed with in nine months of the loan being funded
*Loans are subject to change, creditworthiness, and loan-to-value (LTV) requirements. Eligible financing cannot exceed 80% construction LTV and applies only to contractor-built properties. Maximum loan term is nine months. Membership, conditions, course of construction insurance, and other fees or costs are required. Federally insured by NCUA. Equal Housing Opportunity Lender.
Jumbo/Non-Conforming Loans
If you're looking at a higher-priced house or condominium, this is a good choice. Intended for initial purchases or refinances, the minimum down payment depends on your credit score, loan amount, assets and property type.
- For primary residences, second homes, or investment properties
- 15-, 20- and 30-year terms available
- 10/1 ARMs available
- Mortgage insurance required for loan-to-value ratios greater than 80%
Adjustable Rate Mortgages (ARMs)
If you don't plan on staying in the house for very long, or if you're going to refinance after a few years, an adjustable-rate mortgage might start off at a lower interest rate, decreasing your monthly payments. ARM rates are based on an index plus a margin, so your payments can rise and fall throughout the term of your loan. We offer a 5/6-month option—the first numeral (5) is the years a fixed rate will be in effect.
After five years, the rate goes variable—decreasing or increasing every six months according to an index & margin—potentially raising or lowering your payments.
- Low initial rates
- Payment can increase or decrease substantially
- Initial adjustment, subsequent & lifetime caps
*Loans are subject to change, creditworthiness, and loan-to-value (LTV) requirements. Eligible financing cannot exceed 80% construction LTV and applies only to contractor-built properties. Maximum loan term is nine months. Membership, conditions, course of construction insurance, and other fees or costs are required. Federally insured by NCUA. Equal Housing Opportunity Lender.
Loans for your Most Important Purchase
A Mortgage Loan is a big investment, and you'll want to be certain you have a trustworthy financial partner at your side. Look no further than your credit union.
We're Here to Help You
At America First Credit Union, our chief concern is the financial well-being of members. We strive to provide superior products and services and strengthen the communities we serve.