Real Estate Loan Products Offered and Serviced by EECU

Let your equity work for your with a home equity line of credit

*Variable APR 4.00% as of 8/31/18. Lifetime maximum APR is start rate plus 5.00%, currently 9.00%. $125 application fee is waived. A minimum $10,000.00 advance is required when the credit line is established. Closing costs (up to $324 depending on lien position, credit limit and other factors) are waived. $25 annual fee. Rates and terms subject to change without notice. Loans subject to credit approval. Available on California owner-occupied real property only. Other restrictions may apply. Offer valid for applications received 9/1/18 – 10/31/18.

 

The following loan types are available to members of EECU. Rates were current as of 8:40 a.m. on 9/17/2018. 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

 Loan TypeMax Loan AmountPayment ScheduleNote RatePointsAnnual Percentage RateMonthly Pmt per $1,000 borrowed at the current rate
1st Trust DeedFixed Rate$453,10030 Year4.750%0.004.802%$5.22
1st Trust DeedFixed Rate$453,10020 Year4.625%0.004.695%$6.39
1st Trust DeedFixed Rate$453,10015 Year4.250%0.004.339%$7.52
1st Trust DeedFixed Rate$453,10010 Year4.125%0.004.253%$10.18
JUMBOFixed Rate$750,00030 Year4.625%0.004.635%$5.14
2nd Trust DeedFixed Rate$453,10015 Year5.250%0.005.252%$8.04

Non-Owner Occupied

 Loan TypeMax Loan AmountPayment ScheduleNote RatePointsAnnual Percentage RateMonthly Pmt per $1,000 borrowed at the current rate
1st Trust DeedFixed Rate$453,10030 Year5.250%0.005.303%$5.52

Vacation Home

 Loan TypeMax Loan AmountPayment ScheduleNote RatePointsAnnual Percentage RateMonthly Pmt per $1,000 borrowed at the current rate
1st Trust DeedFixed Rate$453,10030 Year5.000%0.005.053%$5.37
2nd Trust DeedFixed Rate$453,10015 Year5.625%0.005.627%$8.24

 

Home Equity Line of Credit

 Loan TypeMax Loan AmountPayment ScheduleNote RatePointsAnnual Percentage RateMonthly Pmt per $1,000 borrowed at the current rate
1st Trust DeedAdjustable Rate$200,00015 Year- -- -4.000%- -
2nd Trust DeedAdjustable Rate$200,00015 Year- -- -4.000%- -

 

HELOC Loan- Variable APR accurate as of above date. Maximum lifetime APR is 5% over start rate shown above. $25 annual maintenance fee. Available on California owner-occupied real property only. Other restrictions may apply. 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.

The following offer is valid for HELOC applications received 9/1/18 – 10/31/18: $125 application fee is waived. A minimum $10,000.00 advance is required when the credit line is established. Closing costs (up to $324 depending on lien position, credit limit and other factors) are waived.

30-, 15-, 20-, and 10-Year Owner-Occupied Fixed Rate Loans- Minimum 20% equity required or 20% down payment if funds will be used to purchase a home. Minimum loan amount: $5,000.

30-Year Owner-Occupied Fixed Rate JUMBO Loan – Minimum 20% equity required or 20% down payment if funds will be used to purchase a home. Minimum loan amount: $453,101. No cash out refinance.

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).