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We can help you feel at home with a loan tailored to your needs.

Home Equity

We Can Make Your House Feel Like a Home

A vacation…home improvements…college tuition…debt consolidation. Ever think your home could help you do all these things? It just may be able to. Your home’s equity can be a valuable financial tool. By tapping into it, you can get cash for just about anything. And, the interest you pay may be tax deductible.*

At American First, we have two kinds of Home Equity Loans. Depending on what you need, one is sure to work for you:

Home Equity Line of Credit

This open line of credit gives you a ready source of low rate funds for ongoing projects, large ticket items and emergencies. 

Our Home Equity Line of Credit Loan features:

  • Borrow up to 80% of your equity*
  • Loans up to $100,000 available*
  • 15 years to repay
  • Possible tax benefits**
  • Closing costs waived with minimum loan advance***
  • Home Access Visa® provides convenient access to your Home Equity Line of Credit

 Apply Now

All Equity Loan

All Equity is a closed-end fixed rate loan that is ideal for specific purposes, such as adding a room or paying off debt.

 Our All Equity Loan features:

  • Borrow up to 80% of your equity*
  • Loans up to $100,000 available*
  • 15 years to repay
  • Possible tax benefits**
  • Closing costs waived with minimum loan amount***



Apply Now

* Maximum loan amount based on individual credit profile. Certain restrictions apply. All Equity Loan not available in TX, TN and GA. HELOC only available in AZ, CA, IL, NV, ID, UT. Call for quote over 80% LTV.
**Consult a tax advisor regarding the deductibility of interest.
***A $600 processing fee will apply if the loan balance is paid off within 36 months or if minimum required advance is not taken.

Home Loan Rates     - Effective as of April 22, 2014

Conforming Fixed Rate Loans
Rates
Points
APR**
30-year Fixed 4.250% 1.000 4.36%
15-year Fixed 3.250% 1.000 3.44%
Super Conforming Fixed Rate Loans
Rates
Points
APR**
30-year Fixed 4.375% 1.000 4.48%
Adjustable Rate Loans
Rates
Points
APR**
3/1 Adjustable  2.250% 1.000 3.29%
5/1 Adjustable 2.625% 1.000 3.28%
7/1 Adjustable 3.250% 1.000 3.07%
10/1 Adjustable 4.125% 1.000 3.67%
Home Equity Line of Credit
Rates
Points
APR**
30-year Adjustable 5.250% 0.000 5.00%
All Equity Loan
Rates
Points
APR**
15-year Fixed 7.250% 0.000 7.25%
FHA Program  Rates  Points  
30-year Fixed  4.500% -3.277  
30-year Fixed 4.250% -2.571  
VA Program   Rates  Points  
30-year Fixed 4.250%  -2.321  

Need Help With Home Equity?

Call Us
800.290.1112
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Important Notices:

• American First Credit Union offers other rate lock period options. If you would like an extended lock period of more than 45 days, please contact one of our Loan Officers at 800.290.1112. American First Credit Union rates are based on Automatic Payments. Without automatic payment the rate will be increased by .25%. American First Credit Union rates are based on purchases, no cash out refinances and cash out refinances up to 60% loan to value. The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. Your APR will vary based on your final loan amount and finance charges. Additional Information about our Adjustable Rate Mortgage (ARM) - The APR, interest rate and principal and interest payment are subject to increase and will change after the loan is closed due to market-driven changes to the index. Above quoted rates are subject to additional rate or point add-ons according to member's loan request, fico score, cash out, and loan to value. Rates subject to change without notice.

* APR calculated on max. 60% LTV: based on $350,000 purchase loan, 1 day prepaid interest, processing fee, tax service fee, flood certification fee, document preparation fee, wire fee, courier fee and points (if applicable). Loans exceeding 60% LTV may have higher APR due to mortgage insurance premium (PMI), or cash out refinance rate adjustments.