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Mortgage & Home Equity Rates

FIRST MORTGAGE BALLOON LOANS: We now offer a balloon mortgage to keep your payments lower and stay financed in-house at the Credit Union! With a 10/20 balloon mortgage, you have payments based on a 20 year amortization with a balloon payment due at the end of 10 years. This has a fixed rate of 3.99% APR. Estimated closing costs are approximately $719. (No origination fee!)

MORE FIRST MORTGAGE LOAN OPTIONS: Advantage Credit Union partners with Premier Lending Alliance for our members needing more than 80% financing or terms longer than 10 years. Among the many programs are Fixed Rate Loans up to 30 years, Variable Rate Loans, Balloon Programs, VA Loans, and a variety of down payment options, even 100% financing. For more information call Mark Piper at 866-451-3273.

Whether you are looking to purchase or refinance, give us a call! In-house mortgage loans can be financed up to 80% loan to value. Average closing costs are approximately $634. Current Rates are as follows:*

HOME EQUITY LINE OF CREDIT: You can establish a line of credit based on the equity in your home with a minimum initial advance of $5,000. After that you can get advances of $500 or more with just a phone call, home banking transaction, or a visit to the credit union. Average closing costs are approximately $719. The HELOC variable rate is based on the Prime Rate plus .50% and is subject to change January 1 and July 1 not to exceed a change of 2% per year.

Fixed 1st mortgage Closed end 3.49% APR** - 5 Years 3.99% APR** - 10 Years
Closed end fixed 2nd mortgage 3.99% APR - 5 Years 4.49% APR - 10 Years

*$40,000 minimum to waive closing costs.  Loans under $40,000 closing costs range from $281-$681.

**Annual Percentage Rate.  Add .25% if you do NOT enroll in automatic payments.  No more than 80% loan to value.  Rates are subject to change.

Payment example: $40,000 at 3.99% for 60 months is $736.55 per month.