Products

2.875% Mortgages

Whether you are looking to get a fixed-rate or adjustable-rate mortgage, Associated Credit Union has the right rate and mortgage for you.

2.875% Fixed Rate Mortages are available for 7-year and 10-year terms. Like the rate but need a longer term? Ask about our 30-year 5/5 Adjustable Rate Mortgage starting at the same low rate of 2.875%.






2.875% 7-Year Fixed Rate Mortgage

Associated Credit Union's 2.875% 7-Year Fixed Rate Mortgage is available for loan amounts starting at $50,000 up to $417,000 on primary or secondary residences.

Apply online or call 770.448.8200, ext. 2141.



Payment Example

Loan Amount Term Rate Monthly Payment
$100,000 7-Year Fixed Rate 2.875% (3.159% APR) $1,315.70


Disclosure






2.875% 10-Year Fixed Rate Mortgage

Associated Credit Union's 2.875% 10-year Fixed Rate Mortgage is available for loan amounts starting at $50,000 up to $417,000 on primary or secondary residences.

Apply online or call 770.448.8200, ext. 2141.



Payment Example

Loan Amount Term Rate Monthly Payment
$100,000 10-Year Fixed Rate 2.875% (3.159% APR) $959.85


Disclosure






2.875% 30-Year 5/5 Adjustable Rate Mortgage

With a 2.875% 30-Year 5/5 Adjustable Rate Mortgage (ARM), you'll receive a lower initial interest rate and payment than a fixed rate mortgage. Rate adjustment period is every 5th year during the life of the loan. Available for loan amounts starting at $150,000 up to $1,000,000.

Associated CU Pays:

  • Appraisal Fee
  • Credit Report Fee
  • Real Estate Tax Service Fee
  • Title Exam and Binder
  • Title Insurance
  • Attorney Fee
  • Recording Fee
  • GA Residential Mortgage Loan Fee
  • Flood Certificate Fee

You Pay:

  • $75 Application Fee
  • 1.125% Discount Point
  • Pre-paid Interest
  • Escrow Reserves
  • Termite Letter Inspections
  • Septic and/or Well Inspection Reports
    (If Necessary)

Apply online or call 770.448.8200, ext. 2141.



Payment Example

Loan Amount Term
$400,000 30-Year

Rate (Initial) Rate (Maximum Possible Final)
2.875% (2.982% APR) 7.875% (7.982% APR)

Monthly Payment
(Initial)
Monthly Payment
(Maximum Possible Final)
$1,659.57 $2,561.16


Disclosure






Disclosures

7-Year Fixed Rate Mortgage: Mortgage rates subject to change. Minimum loan amount is $50,000.00 and the maximum loan amount if $417,000.00. Actual payments will vary based on your individual situation and current rates. Offer available to residents within the states of Georgia, Florida, North Carolina, South Carolina, Alabama, and Tennessee. Some restrictions may apply. Associated Credit Union assumes (unless otherwise noted) that: This is your primary or secondary residence and is a 1-4 unit property. Debt-to-income ratio is equal to or less than 43%. Minimum representative credit score of 620. The loan to value (LTV) ratio is 95% for purchase or refinance transactions with no cash out and 80% for refinance transactions with cash-out. Payment Example: On a $ 100,000, 7-year fixed-rate loan refinance with no cash out, credit score of 740, LTV of 80%, with an interest rate of 2.875% (3.159% APR) the monthly payment will be $1,315.70. Payments shown do not include taxes and insurance; actual payments may be greater. APR = Annual Percentage Rate. All rates and offers are as of March 27, 2014 and are subject to change without notice. We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act.

10-Year Fixed Rate Mortgage: Mortgage rates subject to change. Minimum loan amount is $50,000.00 and the maximum loan amount if $417,000.00. Actual payments will vary based on your individual situation and current rates. Offer available to residents within the states of Georgia, Florida, North Carolina, South Carolina, Alabama, and Tennessee. Some restrictions may apply. Associated Credit Union assumes (unless otherwise noted) that: This is your primary or secondary residence and is a 1-4 unit property. Debt-to-income ratio is equal to or less than 43%. Minimum representative credit score of 620. The loan to value (LTV) ratio is 95% for purchase or refinance transactions with no cash out and 80% for refinance transactions with cash-out. Payment Example: On a $ 100,000, 10-year fixed-rate loan refinance with no cash out, credit score of 740, LTV of 80%, with an interest rate of 2.875% (3.159% APR) the monthly payment will be $959.85. Payments shown do not include taxes and insurance; actual payments may be greater. APR = Annual Percentage Rate. All rates and offers are as of December 16, 2013 and are subject to change without notice. We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act.

30-Year 5/5 Adjustable Rate Mortgage: Mortgage rates subject to change. Adjustment period every fifth year by no more than 2.00% up or down, with a floor rate of 2.5%, not to exceed 5.00% above the initial rate over the life of the loan. The adjustment to the new interest rate is the Index, being the "Prime Rate", as published in the Money Rates section of the Wall Street Journal, plus a margin of 2.000%. Minimum loan amount is $150,000.00 and the maximum loan amount if $1,000,000.00. Actual payments will vary based on your individual situation and current rates. Offer available to residents within the states of Georgia, Florida, North Carolina, South Carolina, Alabama, and Tennessee. Some restrictions may apply. Associated Credit Union assumes (unless otherwise noted) that: Borrower paid costs include a $75 application fee, 1.125% discount point, prepaid interest, escrow reserves, termite letter inspections, and if necessary, septic and or well inspection reports; This is your primary residence and is a single family home; Debt-to-income ratio is less than 43%; minimum representative credit score of 720. The loan to value (LTV) ratio is 80% and limited cash-out refinance is 70%. Associated Credit Union will pay the appraisal fee, credit report fee, real estate tax service fee, title exam and binder, title insurance, attorney fee, recording fee, GA Residential Mortgage Loan Fee, and flood certificate fee. Payment Example: On a $400,000.00, 30 year loan with an initial rate of 2.875% (2.982% APR), the maximum amount that the interest rate can rise under this program is 5 percentage points, to 7.875%, and the monthly payment can rise from a first year payment of $1,659.57 to a maximum of $2,561.16 starting in the sixteenth payment year. Payments shown do not include taxes and insurance; actual payments may be greater. APR = Annual Percentage Rate. All rates and offers are as of July 16, 2013 and are subject to change without notice. We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act.

Equal Opportunity Lender

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
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