No Closing Costs First Mortgage

No Closing Costs First Mortgage >>

INSTANT APPROVALS

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
Applicable terms and conditions:
  • 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.
Documents that will make your review faster:
  • Income verification
  • Two years of tax returns (if self-employed)
  • Current first mortgage balance statement
  • This year's property tax notice or current appraisal
  • Homeowner's insurance statement

Home Rates

Mortgage Rates
Type Rate APR
10 Year Fixed 3% 3.145%
15 Year Fixed 3.375% 3.4756%
20 Year Fixed 4.125% 4.2051%
30 Year Fixed 4.375% 4.4337%
Rates Effective April 18, 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 3.875% 4.697%
Utah Housing FHA 4.125% 5.0674%
Utah Housing Score Loan 4.5% 5.5523%
Utah Housing VA 4.125% 4.4031%
VA 30 year 3.875% 4.1186%
Rates Effective April 18, 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