Rates as of October 1st, 2024
MORTGAGE LOANS
Mortgage loans are limited to primary residences located in Erie and Crawford Counties in PA. Property insurance is required. Mortgage application fees from $500 to $650 apply. Maximum loan-to-value of 80%. Interest on mortgage loans may be tax deductible, consult a tax adviser. Contact loan department for additional information. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). For more information on mortgage interest rates, limits, or fee schedule, please contact the loan department at (814) 899-6608. Americo Federal Credit Union is an Equal Housing Lender licensed by the National Licensing System under NMLS #565406.
Second Mortgage (Fixed rate, closed-end loan)
| APR* 80% equity | Term | Payment Example² |
|---|---|---|
| 5.99% | 60 months | $191.31 |
| 6.74% | 120 months | $114.80 |
| 6.99% | 180 months | $89.86 |
*APR = Annual Percentage Rate. Minimum loan amount is $10,000.00 ²The payment example given is the monthly payment per $10,000.00 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.
Home Equity (Variable rate***, open-end loan)
| APR* 80% equity | Term | Payment Example² |
|---|---|---|
| 8.00% | up to 120 months | $121.34 |
*APR = Annual Percentage Rate Minimum loan amount is $10,000.00. ***Home Equity Loans are variable rate loans – rate based on Prime Rate published in the Wall Street Journal. Rate is subject to change quarterly. The annual percentage rate may increase after consummation of the Home Equity Line of Credit. The maximum annual percentage rate for a Home Equity Line of Credit that can apply is 18.00% or the maximum permitted by law, whichever is less – the minimum floor annual percentage rate that can apply is 1.00%. Property insurance is required. Americo FCU membership is required. Mortgage application fees from $500 to $650 apply. Membership Share $5.00 par value (par value is not a fee). Interest on mortgage loans may be tax deductible, consult your tax adviser. For more information on mortgage interest rates, limits or fee schedules, please contact the loan department. ²The payment example given is the monthly payment per $10,000 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.
