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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
- Fixed Rate
- Balloon terms – 3, 5, 7, 10 and 20 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
If you want to inquire about insurance options for credit union members, click on the insurance link below. For information on various long-term mortgages through CU
Members Mortgage, click on the mortgages graphic 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 |
20 Year
Balloon |
5.99% APR |
30 Years |
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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 |
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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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