Mortgage Loans
1st Mortgage
ABNB Federal Credit Union has a variety of 1st mortgage products available to meet the needs of our members.
PURCHASE LOANS:
- Free Pre-Aproval Letters in 24 Business Hours- Minimum down payment required on those who qualify
- Conventional & FHA Loans Available
1st MORTGAGE CASHOUT REFINANCE:
- 15, 20, & 30 Year Terms Available
- Free Pre-Approvals
- Up to 95% Cashout options with FHA loan programs for those who credit qualify
Click here for more information or to apply for a 1st Mortgage loan.
2nd Mortgage
FIXED RATE HOME EQUITY LOANS:
A fixed rate home equity loan provides the money you need right now with a budget friendly regular monthly payment amount. ABNB FCU offers these loans in 5, 10, and 15 year terms.
FAST EQUITY LOANS:
A fixed rate Fast Equity loan can be completed quickly. You use your tax assessment in lieu of a real estate appraisal. ABNB FCU offers these loans in 5 and 7 year terms.
HOME EQUITY LINE OF CREDIT (HELOC)
A Home Equity Line of Credit puts extra cash as close as your checkbook. You can access cash anytime by writing a check or taking an advance to be deposited into your primary checking or savings account. ABNB FCU offers this loan on a 20 year term.
*** There is a 10 year draw period followed by a 10 year repayment period. Your monthly payment is based upon your outstanding loan balance. Rates are based on the Prime Rate published by the Wall Street Journal. The Annual Percentage Rates change semi-annually on the first day of January and July.
We offer a variety of loan options to choose from including fixed rate mortgages and adjustable rate mortgages. We offer easy to understand explanations of each program on the site and a Loan Advisor is always just a call or e-mail away!
