Online Banking

Business

Grow Your Business

Let us help you find the right products and services for your growing business

Learn More

Learn More

Own Your Journey

At Ashland Credit Union, we embolden our members to achieve their financial goals. Along life’s journey, you can count on us for guidance as you strive for financial wellness.

Your life is your journey…Own It!

Learn More

Couple smiling and woman pointing
Couple smiling and woman pointing
Home > Personal > Borrow > Home Loans > Home Equity Loan

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.

Apply Now: Not a Member? Join Today!

Apply Online

Apply Now

Check Application Status

Login

Contact Our Mortgage Department

mortgage@ashlandcu.org

or

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


Rates

Mortgage Program Rates
TypeMaximum Term*APR as low asMinimum Loan AmountAdditional AdvancesAdditional Information
Choice Home Equity1,2 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 ExamplesHELOC- 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)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.