(1) APR is Annual Percentage Rate. Rates are subject to change without notice. Rates effective as of 09/22/2025. 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 7.25% 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.
(4) To qualify for the incentive, applications must be submitted between October 1, 2025 and November 31, 2025 and the loan must be booked by December 31, 2025. Members may qualify for a cash incentive based on the approved and funded amount of a new Home Equity Loan or the initial draw on a new Home Equity Line of Credit (HELOC), as outlined below:
$250 Incentive:
• For a new Home Equity Loan with a funded amount between $20,000 and $49,999.
• For a new HELOC with an initial draw between $20,000 and $49,999, made within 30 days of loan closing.
$500 Incentive:
• For a new Home Equity Loan with a funded amount of $50,000 or more.
• For a new HELOC with an initial draw of $50,000 or more, made within 30 days of loan closing.
After verification, the incentive will be deposited into the member's share savings account:
• 90 days after the funding of the Home Equity Loan, or
• 90 days after the initial HELOC draw.
To qualify for the incentive, the Home Equity Loan balance must be at least 90% of the original loan amount at the 90-day mark or the HELOC draw balance must be at 90% of the original initial draw amount. The incentive is considered interest and will be reported on IRS 1099-INT.
This offer only applies to new Home Equity Loans and new HELOCs only. Refinances of existing AgFed equity products do not qualify. Limit one incentive per membership per loan or line. This is a limited-time offer. AgFed reserves the right to terminate or amend this offer at any time without notice. Certain restrictions and conditions may apply. This offer may not be combined with other offers. Use promo code 3747 when applying.
(5) 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. Certain conditions and restrictions may apply.