Borrow

Choice Home Equity Line of Credit

90%/Borrow Up To
No Closing Costs.
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 30 days.

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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

4.50%

$10,000³

$500 minimum

No prepayment penalty No closing costs 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 4.50% APR is $76.51.
Easy Refinance- Estimated monthly payment on a $25,000 loan with a 15 year term at 4.25% APR is $188.
First Mortgage- Estimated monthly payment on a $25,000 loan with a 30 year term at 4.75% APR is $130

*A.P.R. = Annual Percentage 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 $250,000.

Mortgage Calculators

Le’Ann Niece (Ashland, KY)

Mortgage Supervisor/Mortgage Loan Originator (MLO)
NMLS # 1892887

A good home is a place you can always come back to, and a great mortgage is one that helps you get there. Whether you want Conventional, VA, FHA, USDA, or our Easy Refinance; I’ll show you the best fit for your money and situation.

~Le'Ann Niece

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

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