Membership

A Dream Loan for Your Dream Home.

⭐ No Closing Costs on Select Home Loans!
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⭐ Home Equity Line of Credit Rates as low as 4.75% APR* Fixed for 10 year term.
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Plus a chance to win a Riding Mower, Big Green Egg®, TV, or $100 home improvement gift card**!

No closing cost mortgage details. Offer available on the following products only: 15, 10, 7 and 5-year fixed rate mortgages, and, 5/1 and 3/1 adjustable rate mortgages. Offer only applies to portfolio loans and is not available for investor loans. All applicants must meet standard underwriting guidelines. Maximum Loan-to-Value ratio for all Mortgage Loans in this promotion is 90%. The current available Annual Percentage Rates are between 3.625% APR and 8.755% APR depending on your creditworthiness and type of mortgage product selected. Rates are subject to change. Minimum loan amount is $100,000.00 and this offer does not apply to refinances of existing America’s First Federal Credit Union mortgage loans, unless the new loan amount exceeds the loan being refinanced by at least $20,000.00. You will be required to maintain property insurance throughout the life of the loan and title insurance is required on any 1st Mortgage. Offer is valid for applications submitted between April 1st, 2019 through August 30th, 2019 and the loans must close by October 31, 2019. If loan is paid off within 12 months from the date of closing, the borrower must reimburse the full amount of closing costs paid on their behalf. Offer applies to standard closing costs associated with loan underwriting including origination fee, underwriting fee, document preparation fee, survey and appraisal, and does not include loan payoffs, lien satisfactions, taxes, insurance or any recurring expense, home inspection, flood insurance, curative title, or other non-standard attorney or closing fee. Maximum amount of closing costs eligible to be paid by the Credit Union is $4,000.00 and will not include amounts paid by other parties as part of the transaction. The borrower is responsible for closing costs exceeding this amount.

HELOC offer details. This offer is limited to new Home Equity Lines of Credit. If your initial advance is $30,000 or more, America’s First Federal Credit Union (AmFirst) will waive its standard closing costs, including the costs of an appraisal if required, as long as AmFirst maintains a security interest on the property securing the amount of the initial advance for at least three (3) consecutive months following the closing date, and the initial advance may not include the liquidation of any existing AmFirst loan balances. Closing costs are estimated to be between $400 and $1,000. You will be required to maintain property insurance throughout the life of the loan and title insurance will be required for any first mortgage HELOC. Available equity is based upon the current assessed or appraised value of your property. The Maximum Loan-to-Value ratio for this loan product is 90%. Due to the changes in tax laws, interest on your Home Equity Line of Credit may not be deductible. Please consult your tax advisor to determine how the tax laws apply to your particular situation. The annual non-usage fee is waived for any year in which you have an advance on your HELOC. Limited to residences located in the State of Alabama. Offer expires August 30th, 2019.

The Dream Loan Prize Giveaway promotion is governed by these rules. By participating in the promotion, each entrant agrees to abide by these rules, including all eligibility requirements, and understands that the results of the promotion, as determined by America’s First Federal Credit Union (“the Sponsor”) are final in all respects. No Purchase Necessary To Play or Win. PRIZES: Several prizes will be awarded during this promotion, including: Big Green Eggs, TVs, $100 gift cards and a riding lawnmower. Arrangements must be made upon acceptance of prize; at the discretion of the Sponsor and are subject to availability. Restrictions; conditions and limitations may apply. Sponsor assumes no responsibility or liability for damages, losses, or injury resulting from acceptance or use of any prize or participation in the sweepstakes. The Sponsor may substitute prizes of equal or greater value. Limit one prize per household. Big Green Egg® is the property of The Big Green Egg Company, Tucker, GA, and is no way involved with or a sponsor of this promotion. HOW TO ENTER: There are two (2) ways to enter the Promotion. (1) Automatic Entry – All members who receive a qualifying home equity line of credit (HELOC) or mortgage loan, as outlined above, through America’s First Federal Credit Union by June 30, 2019 will be automatically entered in the drawing. There will be one entry per loan. (2) Alternate Method of Entry – An America’s First Federal Credit Union member can enter the Promotion without financing a loan. He or she must use a 3”x 5” card, and legibly hand print or type on the card, his or her first name, last name, age, complete address, city, state, zip code and home telephone number (including area code), the card must be placed in an envelope and mailed to: Dream Loan Prize Giveaway! America’s First Lending Department, PO Box 11349, Birmingham, AL 35202. All envelopes must be received by August 30, 2019 to be considered eligible. Limit of one (1) entry per envelope. The maximum number of entries by this method is limited to one (1) per entrant. The Sponsor is not responsible for lost or stolen entries. ELIGIBILITY: The Promotion is open to America’s First Federal Credit Union members, who are legal U.S. residents in any of the fifty (50) United States or the District of Columbia, and who are nineteen (19) years of age or older or at the time of entry. Void where prohibited. Business entities are ineligible to participate. The winner must have a unique, personal and valid social security number for the Credit Union to report the tax liability associated with acceptance of the prize. Employees of America’s First Federal Credit Union and their immediate family members (parents, children, siblings or spouse) regardless of where they live, or persons living in same household, (whether related or not) are not eligible to participate or win a prize. ODDS OF WINNING: Odds of winning the prize are dependent upon the total number of eligible entries received during the promotion period.

**All RE borrowers will be mailed a $100 home improvement gift card upon disbursement of their NEW loan.

Limitations of receipt of $100 home improvement gift cards:
1. Close during promotional term
2. Restricted to in-house portfolio mortgages w/ a minimum loan amount of $100,000
3. Restricted to Secondary Market loans w/ a minimum loan amount of $100,000
4. Restricted to HELOC’s w/ a minimum initial disbursement of $30,000 NEW MONEY