We offer flexible rates and terms on our home loan products, which include mortgages as well as home equity loans and lines of credit. Look through our helpful resources for home buying tips, or calculate your loan payments.
Our fast, professional mortgage team will guide you through this important process with the superior service you've come to expect from your credit union. Click here for a current list of Mortgage Loan Originators at Arsenal Credit Union who are registered with NMLS.
Apply for a:
Update your insurance information for your ACU loan.
There will be a charge for credit reports: $26.84 for an individual applicant and $43.46 for joint applicants.
Homeline home equity line-of-credit (variable rate)
*APR = Annual Percentage Rate. May adjust monthly. Adjustment cap 2%, floor 6%, lifetime cap 20%.
**ACU may pay closing costs for home equity loans or lines of credit. Borrower is responsible for obtaining and paying for comprehensive insurance to cover the value of the real estate. If the borrower repays the loan within the first 12 months, the borrower must reimburse the credit union for the closing costs.
The "equity" you have in your house is the difference between what you still owe on your house (your mortgage balance) and what your house is worth on the market now (the appraised value).
You can borrow against your equity to consolidate bills, fix up your home, finance college tuition, even purchase a new car. Interest on home equity loans is often tax deductible, too. Check with your tax advisor for details.
If you choose a home equity line of credit, you can draw on it as you need it. For example, if your credit line is $22,000, you might decide to initially use $5,000 to pay off all your credit card debts. A year or two later, you may want to remodel your kitchen or basement and get a $10,000 advance from your credit line to make it a reality. Tap into your line of credit anytime without reapplying with special checks from the credit union. As you pay off your credit line, the money becomes available for you to borrow again.
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