Mortgage Loans
Purchasing a new home is a big step. Be sure to make the right first step-a visit with the home loan professionals at Arkansas Federal Credit Union.
You already trust Arkansas Federal with your auto loans, savings, checking, and credit card. You can also trust us to offer competitive mortgage loans on property located in the state of Arkansas or Oklahoma.
When it comes to finding the perfect new home, buyers often spend hours researching and negotiating the best possible deal. Then, surprisingly, they accept the first home mortgage financing package offered, regardless of interest rates, points, and fees.
Before you make a mistake that could cost thousands of dollars over the life of your home loan, visit with the mortgage professionals at Arkansas Federal. We will provide free pre-approval so you may shop for a new home in the price range that best fits your family's budget.
Our mortgage department is eager to handle your home loan request promptly and efficiently, making sure you receive the service you need and the deal you deserve.
Click here to check our Mortgage Loan rates.
Apply for an AFCU Mortgage Loan
We have Member's Choice Mortgage Loans that Fit Your Needs
Arkansas Federal offers a range of mortgage loan options, each designed to meet a special set of borrowing needs. Choose from:
- Conventional financing
- Federal Housing Administration (FHA) financing
- Veterans Administration (VA) financing
- Terms include 10, 15, 20, 25, and 30 years
- Competitive fixed & variable interest rates
- Arkansas Development Finance Authority Bond Money Program
- No Down Payment Option
An Arkansas Federal home mortgage requires a 1% origination fee, and there is no penalty for prepayment of the principal balance. Like most other mortgage lenders, Arkansas Federal updates mortgage rates daily.
Members Only Home Rebate Program
The Members Only Home Rebate Program offers you the opportunity to buy and/or sell a home using an exclusive network of local, experienced real estate agents who promise to give you top-flight service. These agents, who are among the best in your community, have also agreed to rebate you 25% of their actual commissions. This can mean thousands of dollars in cash back to you on the sale and/or purchase of a home. You will receive your cash rebate in the form of a check made payable to you following the close of escrow on the purchase or sale of your property. To get started, just click on the icon below and follow the instructions to enter your information.
Refinance Your Current Mortgage
If you have already purchased your home, consider refinancing your current mortgage loan to lower your rate or cash out the equity in your home for home improvements, a dream vacation, or any discretionary need.
Home Equity Loan Option
Most people think of a Home Equity Loan as a second Mortgage. In fact, if you have a large sum of equity in your current home you could use that equity to pay off your first mortgage, lower your rate, and lower your term with a 5 year, 9 year, or 12 year Home Equity Loan from Arkansas Federal. Arkansas Federal Home Equity Loans feature no closing costs, no appraisal fee, no points, and no annual fees. The fee savings alone make the Home Equity Loan a valuable alternative to mortgage refinancing.
Arkansas Federal Is an Equal Housing Lender
Arkansas Federal Credit Union does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Whether you are a long-term member or you have recently joined us, you are eligible for an Arkansas Federal loan simply by meeting the following criteria:
- Ability to repay the loan
- Acceptable credit history
- Of good character
- Of legal age
- Collateral of sufficient value
For more information on our credit standards, see the brochure, "Will Your Loan Be Approved?"
Building Your Credit Future
Information regarding your borrowing and repayment history is provided to all national credit bureaus to help you build your credit rating for future borrowing needs.
