Home and Mortgage Loan Options

We do business in accordance with the Equal Credit Opportunity Act. Must be a member of the credit union to open any loan account. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Additional restrictions may apply.

*APR=Annual Percentage Rate.

¹$1,500 Waived Origination Fee Credit - Valid one-time only per applicant(s) on conventional fixed and adjustable rate first mortgages. Closing or refinancing of your new mortgage loan must be completed by August 30, 2025. Offer may not be duplicated and may change at any time. Offer valid with new or existing Direct Deposit relationship. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Must be a member of the credit union to open any loan account.

²Mortgage Rate Float-Down Option Program - This offer is effective as of August 11, 2023 but may change at any time and without notice.  The Mortgage Rate Float-Down option is available for conventional loans for first time home purchases, or refinances of conventional mortgage loans. This option is not applicable for non-conventional mortgage loans, including VA and FHA, or for home equity or HELOC loans. This feature is subject to a minimum interest rate. Only one request may be submitted per application. Float-Down option must be exercised prior to the mortgage application being submitted for underwriting.  Applicant will not receive financial payback for the difference of the rate float down.

³First-Time home buyers may borrow up to 97% of the home’s value.

⁴As a member, you may borrow up to 95% of your home’s value minus the amount remaining on your mortgage.

⁵Home Equity Lines of Credit - All balances accrue interest at the variable APR (Annual Percentage Rate) in effect for your account. Variable rate is based on The Wall Street Journal Prime Rate plus a margin, adjusted quarterly. The annual percentage rate will not fall below 4.00% APR during the term of the line of credit. Subject to credit and property approval. Minimum loan amount is $5,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home, up to a maximum of $350,000. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Property insurance is, and flood insurance may be, required. Additional restrictions may apply. Rates and APRs are subject to change without notice.

⁶Conventional Loans Disclosure Statement - Standard 30 and 15 Year Conforming Annual Percentage Rate (APR) is calculated based on a $450,000 loan amount and includes an Origination fee of .5%, in addition to processing and underwriting fees. Minimum loan amount of $50,000 and maximum loan amount of $806,500.00. Rates assume that there are no other liens against the property and that the property will be owner occupied. Advertised rates may require the purchase of points to obtain the reduced rate; no points options are also available, at a higher interest rate. Loans in excess of 80% Loan to Value (LTV) are subject to private mortgage insurance (PMI). Payment examples include principal and interest but do not include any taxes or insurance premiums; your actual payment may be greater. Escrow account may be required. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Additional restrictions may apply. Consult your tax advisor regarding the deductibility of interest. You must be a member of Andrews Federal Credit Union to obtain any home loan from us. For complete details about our mortgage rates and to learn about product and payment options, click here.

⁷5/6 Adjustable Rate Mortgage (ARM) Disclosure Statement - APR is variable and will adjust every six (6) months, after an initial five year period at the advertised APR, for a total of 360 monthly payments (30 year term).  Your rate will change every six (6) months by no more than 2 percentage points up or down, never to exceed more than 5 percentage points above the initial rate.  When the rate adjusts, your new rate will be the then current index (30-Day Average Secured Overnight Financing Rate, or SOFR) plus a margin of 1.50%, as long as the total adjustment does not exceed the 2.00% adjustment cap.

⁸Jumbo Loans Disclosure Statement - Annual Percentage Rate (APR) is calculated based on a $900,000 loan amount and includes an Origination fee of $1,500.00. Minimum loan amount of $806,500.00, and maximum loan amount of $3,000,000. Rates assume that there are no other liens against the property, that the property will be owner occupied, and that the loan amount does not exceed 95% of the property’s appraised value. Advertised rates require the purchase of points to obtain the reduced rate; no points options are also available, at a higher interest rate. Loans in excess of 80% Loan to Value (LTV) are subject to private mortgage insurance (PMI). Payment examples include principal and interest but do not include any taxes or insurance premiums; your actual payment may be greater. Escrow account may be required. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Additional restrictions may apply. Consult your tax advisor regarding the deductibility of interest. You must be a member of Andrews Federal Credit Union to obtain any home loan from us. For complete details about our mortgage rates and to learn about product and payment options, click here.

⁹5/6 Adjustable Rate Mortgage (ARM) Disclosure Statement - APR is variable and will adjust every six (6) months, after an initial five year period at the advertised APR, for a total of 360 monthly payments (30 year term). Your rate will change every six (6) months by no more than 2 percentage points up or down, never to exceed more than 5 percentage points above the initial rate. When the rate adjusts, your new rate will be the then current index (30-Day Average Secured Overnight Financing Rate, or SOFR) plus a margin of 1.50%, as long as the total adjustment does not exceed the 2.00% adjustment cap.