Benefits of AmeriCU’s Home Loans + Lines of Credit:
- No closing costs*
- Great, low rates
- Quick to close – usually in approximately 2 to 4 weeks
- Simple, mobile-friendly applications
- Greater purchasing power
Home Equity Line of Credit
This product is a flexible option for a project or series of improvements that don’t have fixed expenses. It offers a low variable interest rate, can be closed in 2 to 3 weeks, and your funds can be easily accessed at any time.
- No closing costs!**
- Offers a low fixed introductory rate, and thereafter offers a low variable interest rate
- Low, variable interest rate tied to the prime rate
- Interest-only payments for the initial access (draw) period of 10 years
- Access funds at any time by writing a check, making an online transfer, or phone call.
- After the draw period of 10 years, then the line of credit is closed and you have an additional 15 years to repay
View Disclosures and Current Rates
Home Equity Fixed-Rate Installment Loan
Perfect for any home improvement project, debt consolidation, college expense or vacation, this loan offers a low fixed rate for the life of the loan, and can be closed in 2 to 4 weeks.
- No closing costs!*
- Low, fixed interest rate for the term of the loan.
- Fixed principal and interest payments.
- Terms up to 20-years
- Receive your funds in a lump sum after closing
- Tax deductions may apply. Consult your tax advisor.
View Disclosures and Current Rates
Home Equity Plus – lend up to 133% of your home’s current value!***
Designed specifically for home improvement projects only, this loan offers a low fixed rate for a fixed term and can be closed in 2 to 4 weeks.
View Disclosures and Current Rates
DEBT PROTECTION
Get the coverage you need to protect what matters most to you with ACUShield Debt Protection from AmeriCU.
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Property Insurance
Your home is one of your biggest and most precious assets. Make sure you’re protected. Homeowners insurance covers damage from fire, theft, personal injury, vandalism, identity theft and many other losses.
Credit Cards
Powered by Visa®, AmeriCU cardholders enjoy competitively low rates, no annual fee, and some pretty great benefits.
Loan Protection
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Latest From AmeriCU
News
AmeriCU Credit Union named one of the best companies to work for in New York for the eighth year
AmeriCU Credit Union has been named one of the Best Companies to Work for in New York State for the eighth year. This recognition underscores the credit union’s commitment to fostering a positive work environment and cultivating a culture of excellence.
Events
CMN Drawing Kick-Off
Children’s Miracle Network (CMN) Hospitals allow Mohawk Valley Health System to enhance maternal and child services that support our local community. CMN is a non-profit organization that raises funds for more than 170 children’s hospitals worldwide.
Education
Budgeting for Families
Does the idea of setting a household budget sound intimidating? You’re not alone—in fact, one report shows that only 2 out of every 5 families use a household budget to take control of their finances.
1st lien- Home Equity Loan
*APR = Annual Percentage Rate. Loan rates and terms are based on each applicant’s credit history and underwriting guidelines, are subject to change without notice, and may vary from those shown. Applications are subject to credit approval. Rates are based on a combined loan-to-value (CLTV) up to 80%. 1st Lien or Home Equity loans are secured by a loan on property. If the loan is closed within 3 years, the member must reimburse closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $234 to $3,700. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.
2nd lien- Home Equity loan
*APR = Annual Percentage Rate. Loan rates and terms are based on each applicant’s credit history and underwriting guidelines, are subject to change without notice, and may vary from those shown. Applications are subject to credit approval. Rates are based on a combined loan-to-value (CLTV) up to 100%. 2nd Lien or Home Equity loans are secured by a loan on property. If the loan is closed within 3 years, the member must reimburse closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $234 to $3,700. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.
Home Equity Line of Credit
**APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Minimum line of credit is $7,500. The introductory rate is available on Home Equity Lines of Credit with a combined loan-to-value ratio, less first mortgage, of no more than 80%. After first 6 months, the variable APR may vary monthly based on the Prime Rate published in the Wall Street Journal and may be subject to change thereafter in accordance with the line of credit documents, not to exceed 15% APR. Applications are subject to credit approval. Rates and terms are determined by overall credit history, combined loan-to-value and term of loan, and are subject to change without notice. Up to 100% CLTV: The advertised rate is available on Home Equity Lines of Credit with a combined loan-to-value ratio, less first mortgage, of no more than 100%. The variable rate APR would be equal to the Prime Rate, and may increase or decrease but not to exceed 15.00% APR. If the loan is closed within 3 years, the member must reimburse closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $234 to $3,700. A Home Equity Line of Credit is secured by a lien on real property. Property insurance is required to open a Home Equity Line of Credit. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.
Home Equity Plus loan – 2nd lien
***APR = Annual Percentage Rate. Loan rates and terms are based on each applicant’s credit history and underwriting guidelines, are subject to change without notice, and may vary from those shown. Applications are subject to credit approval. Rates are based on a combined loan-to-value (CLTV) up to 133%. A typical Home Equity Plus Loan of $10,000 at 7.74% APR would have 60 monthly payments of $201.52 each month, with total repayment of $12,091.03. 2nd Lien or Home Equity loans are secured by a loan on property. If the loan is closed within 3 years, the member must reimburse closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $234 to $3,700. Cannot be combined with certain types of active AmeriCU home equity or home improvement loans – call 800.388.2000 for details. Equal Housing Lender. Insured by NCUA. Membership eligibility is required.