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Mortgage/Equity Products |
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Let Northeast Arkansas Federal Credit Union help you live the dream of owning your own home.
- Low closing costs ranging from $1,000-$1,200*
- Competitive rates
- Setup payments to best fit your budget. Bi-weekly or weekly payments can help you pay your loan down faster, saving you money.
Mortgages
- Balloon terms – 3, 5, 7 and 10-year options
Home Equity Line of Credit
Use the equity in your home for anything.
- Low rate
- NEAFCU pays all real estate closing fees
- Nominal application fee of $200
- Possible tax advantages (ask your tax adviser for details)
- Up to $150,000 available depending upon your home’s equity
Long-term mortgages available through CU MEMBERS MORTGAGE
Visit CU MEMBERS MORTGAGE for rates or to apply online.
If you want to inquire about insurance options for credit union members, click on the insurance link below.
Click here to calculate your payment
Click here for a loan application
*May be more if member owes outstanding property or
other applicable taxes. Size of mortgage is a factor that could
increase/decrease fees above. |
Home Rates
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1st MORTGAGE
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95%** |
AMORTIZATION |
3 Year
Balloon |
4.00% APR |
30 Years |
5 Year
Balloon |
4.25% APR |
30 Years |
7 Year
Balloon |
4.75% APR |
30 Years |
10 Year
Balloon |
5.00% APR |
30 Years |
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2nd MORTGAGE |
85% |
AMORTIZATION |
3 Year
Balloon |
6.99% APR |
15 Years |
HOME EQUITY LINE OF CREDIT
| | Variable Rate with 5 year draw period | 6.00% APR | 15 Years
from last draw |
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CONSTRUCTION | 85% | AMORTIZATION |
| Residential Only |
5.99% APR |
1 Year | LAND ONLY
| 85% | AMORTIZATION | 3 Year
Balloon | 5.99% APR | 15 Years | |
Real Estate Loans are not subject to discounts.
*LTV's between 85% and 95% require Mortgage Insurance. |
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