Receive great “credit union” rates on your home mortgage too. All ECU mortgages are handled by the credit union staff you know and trust.
First Mortgages
- 15, 20, or 30 year terms
- Fixed rate
- ½% origination fee
- Maximum amount loaned – 90% of appraised value or purchase price, whichever is less
- Owner occupied residences only
- All fees paid by borrower:
Appraisal, Title Insurance, Recording Fees, Mortgage Tax, etc.
Apply Online | Current Rates | Questions about your mortgage, let us know
Construction Loans
- Fixed Rate
- Maximum amount loaned – 85% of appraised value
- 1/2% origination fee
- 12 months maximum term
- All fees paid by borrower:
Appraisal, Title Insurance, Recording Fees, etc.
Apply Online | Current Rates | Questions about your mortgage, let us know
Lots, Land, Acreage
- Fixed rate
- ½% origination fee
- Finance up to 70% of value or purchase price
- All fees paid by borrower:
Appraisal, Title Insurance, Recording Fees, Mortgage Tax, etc.
- 10-year term – Standard - up to 30 years with the approval of ECU Credit Committee
Apply Online | Current Rates | Questions about your mortgage, let us know
Mortgage Insurance
We are always looking for ways to improve our service and operational efficiency, which is why we recently implemented a new insurance tracking process for our loan collateral. Your loan agreement requires that loan collateral is continously insured against physical damage losses during the entire term of the loan.
As part of the transaction, we conducted an audit on all loan collateral to ensure we have current proof of insurance. We hope you will assist us in updating your insurance information by repsonding to this request as soon as possible.
A secure site can be used to submit the needed insurance information with the corresponding insurance company, allowing our records to be updated with this required information. If we are NOT able to verify acceptable insurance, we will notify you by email within two business days. NO INFORMATION WILL BE DISCLOSED TO OUTSIDE PARTIES.
For more information, please call 866.492.9750 or go to this helpful site.
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