Home Loans
Which one is right for you?
Easy Refinance*
Preferred Product- Fixed Rate
- $1,500 closing cost for 10 & 15 year terms. $2,000 closing cost for 20 & 25 year terms (may be financed).
- 10, 15, 20 or 25 year terms available.
- Minimum initial loan amount of $25,000.
- Borrow up to 80% of your home’s value up to $510,400.
- If approved, closing time approximately 15-30 days.
- Cash out option available, must be first or second lien position.
First Mortgage*
Fixed or Variable Rate- Borrow up to: 100% USDA and VA, and 96.5% on FHA1
- Borrow up to: 97% on First Time Home Buyer & 95% on Conventional1
- Terms available up to 30 years.3
- Minimum initial loan amount of $25,000.
- Closing costs are variable, quoted after application.
- If approved, closing time approximately 30 – 45 days.
- Escrow services available.
Choice Home Equity*
Line of Credit- Variable rate.
- Maximum term of 15 years
- Draw period of 10 years.
- Minimum initial loan amount of $10,000.
- Additional advances in $500 increments.
- Borrow up to 90% of your home’s value, max amt allowed is $250,000.
- If approved, closing time approximately 15 – 30 days.
* Not available in all states. Please contact us to confirm availability in your area.
** Only available for individuals who quality for USDA and VA mortgage programs.
1 Certain types of loans may have qualifications on who can apply. Talk to an ACU loan officer for details.
2Estimated monthly payment on a $25,000 loan with a 15 year term at 4.25% APY is $188. Estimated monthly payment on a $25,000 loan with a 10 year term at 4.00% APY is $253.
3Estimated monthly payment on a $25,000 loan with a 30 year term at 4.75% APY is $130
Desirée Lynch (Ashland, KY)
Mortgage Loan Originator
Purchasing a new home can be overwhelming. I do my best to meet each member’s individual needs to make the home buying process as seamless and stress-free as possible.
~Desirée Lynch
John Quast (Cottage Grove, MN)
Mortgage Loan Originator
Whether you are a first-time home buyer, moving into a new home, or just looking to refinance, ACU has the product that is right for you! Together, we will get you to your final closing in a smooth and timely manner.
~John Quast