(1) APR is Annual Percentage Rate. Rates are subject to change without notice. Rates effective as of 12/20/2024. Rate may vary as it is determined by an evaluation of credit, term, loan-to-value (LTV) and other factors. All loans are subject to credit approval. Certain restrictions and conditions may apply.
(2) APR is based on the Prime Rate published in the Wall Street Journal plus or minus a margin and based on evaluation of credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate. Prime Rate is 7.50% as of the effective date indicated above.
(3) All mortgage requests that are in first position must have an escrow account in order for the remittance of taxes and insurance. Property must be located in any U.S. state or the District of Columbia, excluding HI, NY and TX.
* The Credit Union offers a conditional waiver of standard closing costs at the time of loan origination. This benefit is subject to certain conditions and restrictions. If the loan is paid off, refinanced, or closed within 24 months of the original loan date, the borrower will be required to repay the waived closing costs in full. While many standard closing costs are waived, other fees may still apply. Minimum loan amount is $10,000. Maximum loan amount for 80% LTV is $250,000. Maximum loan amount greater than 80% LTV is $150,000. Current AgFed Home Equity loans/lines of credit being refinanced require a new minimum advance of $10,000. Collateral used in a Home Equity loan/lines of credit must be occupied as the primary residence of the applicants. AgFed will not finance Home Equity Loans intended to be used for investment properties. Not all properties will qualify as collateral.