“
- 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 $5,000 loan amount.
- Up to 15-year fixed or variable annual percentage rate (APR) loan, up to 20-year balloon fixed APR loans available.
- Variable-rate loans may not exceed maximum APR of 18%.
- Reimbursement fee of up to $250 if loan is reconveyed within 24 months.
- Home must be located in the state of Utah, Idaho, 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
