Do you want to know more about membership, or a product or service? Please select from the categories below to find answers to many commonly asked questions.
- ATM/Visa® Debit Card
- Electronic Notifications - APCI eAlerts
- Electronic Statements - APCI eStatements
- Loan - General
- Loan - Real Estate
- Loan - Vehicle
- Member Service
- Mobile Banking - APCI eMobile
- Mobile Check Deposit - APCI eDeposit
- Online Applications Center
- Online Banking - APCIRCUIT®
- Online Bill Pay Service - APCI PAY®
- Referral Program - APCI eReferral
- Share Certificates
- Share Savings & Share Draft Checking
- Telephone Banking Service - APCI eTalk
There are no points. There is a one-time processing fee of $700 due at the time of disbursal. This low fee can be financed into the loan or paid out of pocket. Appraisal and recording fees may be higher in certain states resulting in slightly higher fees to the borrower.
The maximum amount available for an APCI FCU refinance mortgage loan is 80% of your home’s appraised value with a limit of $750,000. For a home equity line of credit, the maximum is also 80% of your home’s appraised value with a limit of $500,000. Fixed rate and term home equity loans allow for a slightly higher amount of equity at 85% for all terms over 5 years. Loans with a term of 5 years or less allow financing up to a maximum of 90% of the home’s appraised value.
APCI FCU does not offer financing on rental or any business real estate properties. We may be able to assist you with financing for this type of property by using your primary or second (non-business) home as collateral.
We do not escrow taxes or insurance premiums on any real estate secured loan.
We do not sell our mortgages. When you refinance your home with APCI FCU, your loan is serviced by people you know and trust for the duration.
The answer depends on the amount of equity available in your home. At APCI FCU, we allow a member to have more than one mortgage loan secured by a primary and second (non-business) home provided the total amount borrowed is within the loan to value guidelines and the lien is primary. Taking a separate mortgage loan may be beneficial depending on interest rate and repayment terms of both the existing and new loan.
If you have built up equity in your home, you may choose to refinance your mortgage with APCI FCU. You can use this equity to remodel your home, purchase a second home, pay for college tuition and more.
A home equity loan has a fixed term, a fixed rate and a fixed amount. A HELOC is an open ended revolving line of credit with a variable interest rate. Both home equity options can only be secured by your primary residence or a second home.