Home Equity Options

¹Home Equity Line of Credit (HELOCs) –Minimum loan amount is $10,000. Maximum loan amount is $750,000. Maximum loan to value (LTV) and combined loan to value (CLTV) is 90% of the property value. The Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. The minimum APR is 4.00%. The maximum APR is 18%. Product is interest only. All Home Equity Loans and Home Equity Lines of Credit are secured by a lien on your home. Community First will pay for an Automated Valuation Model (AVM) for loan amounts less than $400,000. Certain circumstances may require a full appraisal paid by the applicant when the loan amount is less than $400,000. Loan amounts greater than or equal to $400,000 require a full appraisal paid by the applicant. The cost of the appraisal can range from $545 to $1,200. Title insurance may be required and is paid by the applicant on Home Equity Loans and Home Equity Lines of Credit. Property insurance is required. Flood insurance may be required depending upon the location of the property. Non-members must open a share account with a minimum $5 initial deposit (share account is required for membership). Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal and title insurance if required. APR assumes a loan amount of $50,000 with an LTV of 80% and a credit score of 730 or higher. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit and other restrictions apply. All home equity loans are subject to credit approval.

²Home Equity Loan –Minimum loan amount is $10,000. Maximum loan amount is $750,000. Terms are 10, 15 and 20 years. Maximum loan to value (LTV) and combined loan to value (CLTV) is 90% of the property value. All Home Equity Loans and Home Equity Lines of Credit are secured by a lien on your home. Community First will pay for an Automated Valuation Model (AVM) for loan amounts less than $400,000. Certain circumstances may require a full appraisal paid by the applicant when the loan amount is less than $400,000. Loan amounts greater than or equal to $400,000 require a full appraisal paid by the applicant. The cost of the appraisal can range from $545 to $1,200. Title insurance may be required and is paid by the applicant on Home Equity Loans and Home Equity Lines of Credit. Property insurance is required. Flood insurance may be required depending upon the location of the property. Non-members must open a share account with a minimum $5 initial deposit (share account is required for membership). Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal and title insurance if required. Home Equity Loan payment example: $50,000 borrowed for a 10 year term at 7.720% APR would have a payment of $599.27 a month. APR assumes a loan amount of $50,000 with an LTV of 80% and a credit score of 730 or higher.  All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit and other restrictions apply. All home equity loans are subject to credit approval.

³Special Offer - No Closing Cost - Community First's No Closing Costs Mortgage Offer is available on primary and secondary residences only. Community First will pay up to $5,000 of the actual closing costs associated with this new mortgage excluding appraisal fees, origination fee, discount points, prepaid interest, private mortgage insurance, funds needed to establish the member's escrow account and non-lender fees. Maximum loan amount $726,200. This special offer is not available for First Time Home Buyer products. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer may end at any time.