Mortgage/Equity Products

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 Fixed Rate 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 advisor for details) Up to $150,000 available depending upon your home’s equity NEAFCU also offers longer term mortgages and various other products through CU Members Mortgage. Click on this graphic for more information. 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 1st MORTGAGE 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 20 Year Balloon 5.99% APR 30 Years 2nd MORTAGE 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 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.