Mortgage Loans

15-Year Fixed-Rate 1st Trust Deed  - Apply for a 15-Year Fixed Rate Loan

A fixed-rate loan is ideal for people who want the security of a fixed rate that stays the same for the life of the loan. When the market fluctuates your rate remains the same, providing peace of mind and the security of a fixed rate. Plus, you'll pay less interest with a 15-year loan than a 30-year loan.

• Owner-occupied primary residence, including 1-4 unit properties, approved condominiums and PUDs
• Terms up to 15 years
• Borrow up to 80% loan-to-value
• Minimum loan amount $5,000; maximum $417,000
• Low fees and closing costs
• Refinancing available
• Convenient repayment services
• Life & disability insurance available

5-Year Call Option 1st Trust Deed Primary Residence -  Apply for this Loan

This loan, with up to a 30-year term, may have extra appeal to first-time home buyers or those who want to tap into the equity of their existing home. Every five years the credit union has the option to call the loan due and payable. You have the option to re-apply and qualify for any loan product available at that time. The lower rate of a 5-Year Call Option Loan allows you to enjoy maximum interest savings for at least five years, and possibly the entire term of your loan.

• Owner-occupied Primary Residence - 1st Trust Deeds
• 15- and 30-year terms
• Borrow up to 80% loan-to-value and combined-loans-to-value
• Minimum loan amount $5,000; maximum $417,000
• Low fees and closing costs
• Convenient repayment services
• Life & disability insurance available

5-Year Call Option 1st Trust Deed Vacation Home -  Apply for this Loan

This loan, with up to a 30-year term, may have extra appeal to first-time home buyers or those who want to tap into the equity of their existing home. Every five years the credit union has the option to call the loan due and payable. You have the option to re-apply and qualify for any loan product available at that time. The lower rate of a 5-Year Call Option Loan allows you to enjoy maximum interest savings for at least five years, and possibly the entire term of your loan.

• Owner-occupied Vacation Home - 1st Trust Deeds
• 30-year term
• Borrow up to 80% loan-to-value and combined-loans-to-value  (up to 75% for a cash-out refinance)
• Minimum loan amount $5,000; maximum $417,000
• Low fees and closing costs
• Convenient repayment services
• Life & disability insurance available

Additional Mortgage Loan Options - Apply for a loan through CU Members Mortgage

Through our partnership with CU Members Mortgage, you can have access to 15-and 30-year fixed-rate loan products that require as little as 3.5% down payment on the purchase price when the home is owner-occupied as your primary residence - a real benefit to people who may not have the money for a large down payment.

• Primary residence or vacation home with a loan-to-value higher than 80%
• Loans over $417,000
• Purchase or refinance of a 1-4 unit investment property (rental)
• Purchase or refinance of a property located outside of California
• Adjustable rate mortgages (ARM)

5-Year Call Option - 2nd Trust Deed
Owner-occupied Primary Residence or Vacation Home

For more information or to apply, call the EECU Mortgage Center at 800-538-3328 or 559-437-7700, select the Lending option, then the Real Estate option.

• 15-year term for 2nd TD
• Borrow up to 80% combined-loans-to-value
• Minimum loan amount $5,000; maximum $417,000
• Low fees and closing costs
• Convenient repayment services  

 

 

Unimproved Property - 1st Trust Deed

For more information or to apply, call the EECU Mortgage Center at 800-538-3328 or 559-437-7700, select the Lending option, then the Real Estate option.

If you are interested in purchasing a piece of property to build your primary residence or vacation home sometime in the future, our Unimproved Property Loan can help make it happen.

• 30-year term
• Borrow up to 60% loan-to-value (up to 70% combined-loans-to-value on purchase and no cash-out refinance)
• Minimum loan amount $5,000; maximum $200,000
• Low fees and closing costs
• Convenient repayment services

 

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Special Notice on All Closed-End Mortgage Products

During an economic period where values are trending downward and not yet stabilized, if the appraisal indicates the property is located in a market in which real estate values are declining, the product's maximum financing will be based on 5% below the applicable closed-end loan product's maximum Loan-to-Value and Combined-Loan-to-Value.