Home Equity Loans

No Closing Costs Home Equity Loan >>

INSTANT APPROVALS

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 10-year term, as well as a 20-year balloon; and variable rates, with terms up to 15 years.
  • Free financial calculators
Applicable terms and conditions
  • Minimum $5,000 loan amount
  • 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 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

Home Equity Loan >>

INSTANT APPROVALS

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
Applicable terms and conditions
  • Minimum loan amount of $5,000
  • 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.
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

Home Equity Rating


Home Rates

Mortgage Rates
Type Rate APR
10 Year Fixed 3% 3.145%
15 Year Fixed 3.375% 3.4756%
20 Year Fixed 4% 4.0797%
30 Year Fixed 4.25% 4.3083%
Rates Effective April 16, 2014

Payment Example

Home Equity Rates
Type F/V Term* APR*
No Closing Costs First Mortgage 50% LTV Variable 5 Yrs 2.49%
No Closing Costs First Mortgage 80% LTV Variable 5 Yrs 2.74%
No Closing Costs First Mortgage 50% LTV Variable 7 Yrs 2.75%
No Closing Costs Home Equity Line 50% LTV Variable N/A 2.99%
No Closing Costs First Mortgage 50% LTV Fixed 5 Yrs 2.99%
No Closing Costs First Mortgage 80% LTV Variable 7 Yrs 3%
No Closing Costs First Mortgage 50% LTV Variable 10 Yrs 3%
No Closing Costs Home Equity Line 80% LTV Variable N/A 3.24%
No Closing Costs First Mortgage 80% LTV Fixed 5 Yrs 3.24%
No Closing Costs First Mortgage 80% LTV Variable 10 Yrs 3.24%
No Closing Costs First Mortgage 50% LTV Fixed 7 Yrs 3.25%
No Closing Costs Home Equity Line 50% LTV Fixed 5 Yrs 3.49%
No Closing Costs First Mortgage 80% LTV Fixed 7 Yrs 3.5%
No Closing Costs First Mortgage 50% LTV Fixed 10 Yrs 3.5%
No Closing Costs Home Equity Line 80% LTV Fixed 5 Yrs 3.74%
No Closing Costs First Mortgage 80% LTV Fixed 10 Yrs 3.74%
No Closing Costs First Mortgage 80% LTV Variable 15 Yrs 3.99%
No Closing Costs Home Equity Loan 80% LTV Variable 5 Yrs 4.49%
65% Home Equity Non-Owner Variable 15 Yrs 4.49%
No Closing Costs Home Equity Loan 80% LTV Variable 10 Yrs 4.74%
No Closing Costs Home Equity Loan 80% LTV Fixed 5 Yrs 4.99%
65% Home Equity Non-Owner Fixed 10 Yrs 4.99%
No Closing Costs Home Equity Loan 80% LTV Fixed 10 Yrs 5.24%
No Closing Costs Home Equity Loan 80% LTV Variable 15 Yrs 5.99%
No Closing Costs First Mortgage 80%LTV/Balloon Fixed 20 Yrs 5.99%
No Closing Costs Home Equity Loan 80% LTV Balloon Fixed 20 Yrs 6.99%
Home Equity Loan 100% LTV Variable 15 Yrs 9%
Home Equity Loan 100% LTV Fixed 10 Yrs 9.5%
Home Equity Line 100% LTV Variable N/A 9.5%
Rates Effective April 07, 2014

Payment Example

*Maximum term and lowest rate shown.

Government Loan Rates
Type Rate APR
FHA 30-year 3.75% 4.5821%
Utah Housing FHA 4.25% 5.1817%
Utah Housing Score Loan 4.625% 5.6673%
Utah Housing VA 4.25% 4.5281%
VA 30 year 3.75% 4.0002%
Rates Effective April 16, 2014

Payment Example

Specialty Loan Rates
Type Rate APR
Home Construction - Contractor Built 5.25% 11.5513%
Home Construction- Self Build 5.25% 12.6954%
Lot Loan- 10 Year ARM 6% 6.2653%
Lot Loan- 10 Year Fixed 7.25% 7.5194%
Lot Loan- 20/5YR ARM Balloon 6.5% 6.8003%
Lot Loan- 20/5YR Balloon Fixed 7.75% 8.0541%
Lot Loan- 30/5YR ARM Balloon 6.75% 7.0289%
Lot Loan- 30/5YR Balloon Fixed 8% 8.2953%
Rates Effective March 22, 2012

View rates & terms for other accounts