Advanced Financial Federal Credit Union

Advanced Financial

Federal  Credit  Union

Banking… Only Better
Advanced Financial Federal Credit Union can help you tap into the equity in your home to consolidate debts, make repairs or improvements on your home, or pay educational expenses. We provide personal attention every step of the way and you can complete most processing, underwriting and closing steps electronically.

Home Equity Loans

Advanced Financial offers fixed rate home equity loans (2nd mortgages) and a variable rate home equity line of credit loan (HELOC).

Tap the equity in your home for home improvements, vacations, debt consolidation, education or medical expenses, large ticket purchases, and more.

Features

  • Borrow up to 75% of the value of your home (less any first mortgage)
  • Loan Amounts to $250,000
  • Low closing costs
  • HELOCS provide the flexibility to access funds as needed and payments that adjust based on the interest rate and amount borrowed.
  • HELOCS have an 8-year draw period and 7-year repayment – payments are made throughout the life of the loan.
  • 2nd mortgages provide a lump sum with a fixed interest rate and fixed monthly payment for the life of the loan.
  • Discounted rate for loans on properties without a first mortgage.
  • Available on NJ Properties Only.
  • Interest on the loan may be tax-deductible
    (consult your tax advisor for full details).
Action Center



Loan Department

800-237-5626, option 4
fax: 908-771-9540
loandept@advfinfcu.com

Current Rates
  • Home Equity 5 yr Fixed As low as 6.25% APR*
  • Home Equity 7 yr Fixed As low as 6.85% APR*
  • Home Equity 10 yr Fixed As low as 7.45% APR*
  • Home Equity 15 yr Fixed As low as 8.05% APR*
  • Home Equity Line of Credit 15 Yr Adjustable APR* as low as Prime + 0.50%
    (floor rate is 4.75% APR*)
    Prime as of 9-19-24 is 8.00%
Rates as of 9/23/2024

Nicholas Kaufman NMLS# 2470631
Sandy Y. Pineda NMLS# 1857645
Barbara Vega-Martins NMLS# 2572077
Advanced Financial FCU NMLS# 780090

*APR=Annual Percentage Rate. **CLTV is combined Loan to Value of 1st mortgage and home equity loan. Property must be an owner-occupied 1-4 family home in New Jersey. Variable interest rate determined by prime lending rate as set forth in the Wall Street Journal. Property Insurance required. Flood Insurance may be required. Rates and terms are subject to change without notice. All loans are subject to credit approval. | Maximum APR on all real estate secured loas is 18.00%
Advanced Financial
Federal Credit Union
New Providence | Roselle | Scotch Plains | West Orange

Our routing number for direct Deposits: 221276817
Federally Insured by NCUA
We do business in accordance with the fair housing law and equal opportunity act

Member of NCUA Equal Housing Lender Excess Share Insurance