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 as low as 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






30-Year 5/5 Adjustable Rate Mortgages Starting As Low As 2.875%

Whether you want to purchase a new home or refinance your current one, we have a 30-Year Adjustable Rate Mortgage that's right for you. Your rate adjustments are every 5th year during the life of the loan and you'll receive a lower initial interest rate than a traditional fixed rate mortgage. This offer is available for loan amounts starting at $50,000 up to $1,000,000.

Benefits Include:

  • Only 10% Down Payment required
  • 90% Loan To Value (LTV) For Purchases
  • 70% Loan To Value (LTV) For Refinances

Don’t be turned away by Adjustable Rate Mortgages

Many people steer clear of Adjustable Rate Mortgages because they think they’re unstable and can leave a borrower with a much higher rate down the road. While this can sometimes be true, an ARM is often the better option. For many people, it can be a great way to get a lower interest rate in the short term.

The average homeowner stays in a home for 9 years. Military families, for instance, who move frequently can benefit from a short–term low interest loan.

Apply online or call 770.448.8200, ext. 2141.



Payment Example

Loan Amount Term
$400,000 30-Year 5/5 Adjustable Rate Mortgage (Purchase, 80% LTV)

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 May 13, 2014 and are subject to change without notice.

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 May 13, 2013 and are subject to change without notice.

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 2.875%, 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 $50,000.00 and the maximum loan amount if $1,000,000.00. Maximum loan amount for 90% LTV is $850,000 (two appraisals are required for loan amounts between $625,501 and $850,000). 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 origination fees, escrow reserves and all required vendor closing costs; This is your primary residence and is a single family home; Debt-to-income ratio is less than 43%; minimum representative credit score of 700. The loan to value (LTV) ratio is 90% and limited cash-out refinance is 70%. Rate subject to change on LTV. Payment Example: On a $400,000.00, 30-year refinance mortgage loan with a 70% Loan To Value and an initial rate of 2.875% (2.935% 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 May 13, 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. Payments shown do not include taxes and insurance; actual payments may be greater. APR = Annual Percentage Rate. All rates and offers are as of May 13, 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.

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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