1. According to DataTrac analysis as of 1/29/2024 $3,843 is the difference between the amount paid in interest between Arbor Financial Credit Union's rate at 6.396% APR compared to 6.505% APR for the Michigan market average over the life of a $250,000 mortgage over 240 months.
2. Annual Percentage Rate (APR). Offer available as of 1/1/24. Balance Transfer promotional rate applicable for 6 monthly billing cycles. Starting on the seventh month, the promotional rate will convert to your standard rate. Not eligible for CU Rewards Points and may not be used to pay other Arbor Financial accounts. Promotion, rate, terms and conditions subject to change without notice.
3. Annual Percentage Rate (APR effective as of 1/15/24 and for a limited time. The rate may vary depending on each individual’s credit history, loan amount, and loan to value at the time of application. Payments are equal monthly installments for the term of the loan. Programs, rates, terms, and conditions are subject to change without notice.
4. Qualifying borrowers may be eligible to defer their first payment for up to 60 days, dependent upon credit score and when the loan closes. Interest accrues from date of loan disbursement and is collected on the first payment(s) applied. Promotional period November 1, 2023 – January 31, 2024.
5. Qualifying borrowers may be eligible to defer their first payment for up to 90 days, dependent upon credit score and when the loan closes. Interest accrues from date of loan disbursement and is collected on the first payment(s) applied.
6. Annual Percentage Rate (APR). The APR is variable and is the lowest rate available. APR is based on Prime plus a margin determined by your credit score and the Loan-to-Value ratio of your home. The maximum APR is 15%. Subject to credit approval. An Automated Valuation Model (AVM) will be used to determine equity on HELOC requests amounts less than $75,000. Members have the option to purchase an appraisal at their own cost if they disagree with the AVM value. There are closing costs on the loan that are specific to each member's situation. Subject to change without notice.
7. Open to eligible Michigan residents 18 years and older. Promo period 2/29/24 - 3/3/24. To view official rules, click here.
8. Annual Percentage Yield (APY) as of 1/1/2024. Debit card purchases must post to your account during the calendar month. ATM transactions do not apply. Interest is not paid on balances over $15,000. One Momentum Checking account per member. Rate is variable and subject to change. If requirements are not met, you simply do not receive interest for the month. Requires minimum number of debit card purchases, monthly direct deposit of $500 minimum, and enrollment in estatements.
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