5 & 7 Year Mortgage Refinance Programs

Pay off your home in as little as five or seven years

Property Types	Single family owner occupied residences located in Illinois and Idaho
Loan Type	Fixed rate first mortgage Fully-amortized, to be paid in full in 5 or 7 years
Terms/Rates	5 year - 4.625% APR 7 year - 4.750% APR
Loan to Value (LTV)	Up to 80% LTV for qualified borrowers
Loan Amounts	$25,000 Minimum $1,000,000 Maximum
Loan Purposes	Refinance to Combine 1st and 2nd Mortgage Loans Consolidate Debt Lower Rate and/or Term Take Cash Out
Application Fee	$199 (includes title, credit report, flood assessment, appraisal, release of one mortgage and recording of new mortgage)
Closing Costs	Borrower responsible for expenses not included in application fee, if any. Expense examples may include subordination agreements, additional releases, etc.
Approval time	1 business day
Closing time	1 to 2 weeks
Payment Options	Automatic Transfer Payroll Deduction* Home Banking Transfer By Phone with A.R.T. Direct Deposit Payment Coupons by mail or in person
Escrows	Borrower assumes responsibility for tax and insurance escrow
Prepayment	No prepayment penalties

*At this time, payroll deduction is only available to employees of ANL and Fermilab.

To request more information, email memberservices@argonnecu.org or
call 1-866-I-OWN-ACU (469-6228) to speak to our Real Estate Department.

Miscellaneous