Borrow

Choice Home Equity Line of Credit

Eligible borrowers can access up to 90% of their home's value.
Line of Credit starts at $25,000.
Maximum Line of Credit amount is FHFA Max Conforming Limit, currently $726,200.
No Closing Costs on lines of $50,000 or more.

Variable rate and payment competitively priced.
Ability to make future advances for 10 years.
Repayment term based on 15 years.
Additional advances in $500 increments.

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Contact Our Mortgage Department

mortgage@ashlandcu.org

606-329-5487
1-800-245-8112

Rates

Mortgage Program Rates

Type

Maximum Term

*APR as low as

Minimum Loan Amount

Additional Advances

Additional Information

Choice Home Equity^1,2

15 Years

7.50%

$25,000³

$500 minimum

No prepayment penalty. Offered in most states.

Easy-Refinance¹

15 Years

Call for current rates

$25k

Not Available

Cash-out option available

10 &15 Year Term-$1,500 fixed closing costs

First Mortgage

ACU offers low-rate first mortgages in most states.
Rates change daily. Call the Credit Union at 800-245-8112 to check current rates.

Payment Examples

HELOC- Estimated monthly payment on $10,000 loan with a 15 year term at 7.50% APR is $92.70.
Easy Refinance- Estimated monthly payment on a $25,000 loan with a 15 year term at 6.75% APR is $221.23.
First Mortgage- Estimated monthly payment on a $25,000 loan with a 30 year term at 6.75% APR is $162.15

*A.P.R. = Annual Percentage Rate. Not all will qualify for lowest rate.
¹ Rate offered will be based on combination of factors including credit score and loan-to-value ratio. Property Insurance is required.
² Variable rate is subject to change semi-annually. Max rate is 24.00%
³ Maximum line-of-credit is the lesser of: 90% of the Market Value less 1st Mortgage OR FHFA Max Conforming loan limit, currently $726,200.

Mortgage Calculators

* Not available in all states. Please contact us to confirm availability in your area. Not all will qualify for the lowest rate.