With our selection of Mortgage Options, there's one just right for you! No matter which you choose, we offer a variety of minimum down payment requirements as low as 3% and a maximum loan-to-value ratio of 97% of the appraised value or purchase price of the house, whichever is less. Veterans qualify for financing up to 100%.
Fixed Rate Mortgages
If you want monthly payments to remain the same over the life of the mortgage, then our fixed-rate mortgage is for you. If you're planning to stay in your home for a while, or if you're on a fixed monthly budget, then a fixed-rate mortgage is probably the best choice for you.
Adjustable Rate Mortgages
Our adjustable mortgages typically offer rates and monthly payment amounts lower than those of fixed rated loans, potentially helping you to buy more house with the same monthly payment. Choose from adjustable terms including 1, 3, 5, 7, or 10 years. The interest rate and monthly payment amounts may change, but annual and lifetime caps protect you against sharp rises in interest rates.
Veterans can now obtain VA financing with EFCU! 100% financing available!
You may qualify for financing 97% of the purchase price of a new home. This program allows you to get a new home with as little as 3% of the purchase price.
We have investment loan financing for up to 80% loan-to-value. Rates are slightly higher than our owner-occupied residences.
Apply for a mortgage today! If you are unsure of how much you may qualify to borrow, try our Mortgage Calculator. Or, give us a call at 812.424.2621, option 4. And, be sure to check out our online tools to help you in your search for your dream home. Make your home dreams come true with EFCU!