Educational Employees Credit Union


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Real Estate Loan Products Offered and Serviced by EECU

The following loan types are available to members of EECU. Rates were current as of 8:35 AM on 7/2/2015. Rates are for informational purposes only and are subject to change without notice. Please call (800) 538-3328 for current rates.

Owner Occupied - Primary Residence

Non-Owner Occupied

Vacation Home

Unimproved Property

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Home Equity Line of Credit


HELOC Loan- Variable APR accurate as of above date. Maximum lifetime APR is 5% over start rate shown above. $25 annual maintenance fee and $125 application fee. Additional fees to establish equity line range from $125 to $575.  Available on California owner-occupied real property only. Other restrictions may apply. There are additional closing costs associated with real estate financing. All loans subject to approval. Not all borrowers will qualify for all rates or loan types. APR may vary based on loan amount, loan purpose, and other factors. Rates and terms subject to change without notice.

5-Year Call Option Loans- On call option loans, payments are amortized over the term of 15 or 30 years, but we can call the loan due in full at 5-year intervals. For example, a 30-year $100,000 loan at 8.00% APR would have a monthly payment of $733.77, and we could require a balloon payment of $95,803.24 at the end of the 60th month, or we could waive that option and reconsider it at any of the subsequent 5-year anniversaries (year 10, 15, 20, 25) depending on the loan term. 20% equity or 20% down payment required (40% on unimproved property).

30- and 15-Year Owner-Occupied Fixed Rate Loans- Minimum 20% equity required or 20% down payment if funds will be used to purchase a home.

30-Year Non-Owner Occupied Fixed Rate Loan- Minimum 30% equity required or 30% down payment if funds will be used to purchase a residential rental property. Non-owner occupied single family residences (1-4 unit multi-dwelling properties and planned unit developments; condominiums are not eligible).

EECU Call Center
1-800-538-EECU (3328)