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Mortgage Loans

With MORE options, we have a Home Loan that's right for you!

Whether you're purchasing your first home, upgrading to a new home, or looking to refinance, EFCU Financial has a variety of mortgage products. With our great rates and a knowledgeable staff, it’s easy to find a loan that fits your needs.

For more information call (225) 214-6800.
Want to estimate your payment? Check out our Loan Calculator.

Serving Baton Rouge, Denham Springs, Gonzales, Prairieville, Zachary and more.

Conventional Home Loans

We offer a variety of conventional loans including fixed and adjustable-rate mortgages to fit your family's needs. Also, if you're looking to refinance your existing mortgage, trust us for easy and fast processing.

  • Great rates on both fixed & variable-rate mortgages
  • Flexible terms
  • No pre-payment penalties

Welcome Home Loan

This 5/5 Adjustable Rate Mortgage (ARM) is ideal for home buyers wanting to put less money down and avoid paying Private Mortgage Insurance (PMI).

  • Great rates
  • No PMI

Rural Development Loans*

Short on cash for a down payment? A Rural Development Loan (also called a USDA Loan) might be the answer. Some benefits of this government insured loan backed by the U. S. Department of Agriculture (USDA) are:

  • Up to 100% financing to qualified low-to-moderate income buyers
  • Closing costs may be able to be paid by the seller or financed in the loan
  • Great fixed rates

New and existing homes are eligible; however, these RD loans are only available in certain areas, so consult an EFCU Financial Lending Officer for a list of qualifying areas or for more information.

Lot/Land Loans**

Found that perfect location?

  • Up to 100% financing available to qualified buyers

Construction Loans

Looking to build your next home?

  • Fixed-rate, interest only loan
  • 4-5 draws allowed
  • Upon completion of construction, you may be able to covert your loan to an EFCU Financial fixed-rate mortgage

FHA Loans*

FHA loans are ideal for first-time home buyers because:

  • Lower down payment available
  • Lower credit scores accepted
  • Higher ratios of debt are accepted
  • Gift money may be used for your down payment

VA Loans*

This is a government insured loan backed by the Veterans Administration for the benefit of veterans of all the branches of Service. If eligible, the Veteran can purchase or refinance a home with $0 down payment.

 

EFCU Financial Mortgage Loan Originators List

Approval and rate for a mortgage loan is based on credit worthiness. Additional eligibility restrictions apply. Rates are subject to change without notice. Other rates, terms and programs available. EFCU Financial Federal Credit Union membership is required.

*EFCU Financial is not affiliated with any governmental agency. The material shown on this site is for informational purposes only and is not an offer to lend or extend credit.

**10 year fixed rate: 100% financing on our 10 year fixed rate land loan in the amount of $100,000, with an interest rate of 6.00%/6.51% APR, will have 120 monthly principle and interest payments of $1,110.21. This payment example assumes a Louisiana purchase transaction, a 720 credit score or above, 10 acres of land or less, and intent to build a personal residence in the future.

**10 year fixed rate balloon: This loan is amortized over 20 years, but is payable in 10 years. 100% financing on our 10 year fixed rate balloon land loan in the amount of $100,000, with an interest rate of 6.00%/6.352% APR, will have 119 monthly principle and interest payments of $716.43, and one payment of $65,248.06. This payment example assumes a Louisiana purchase transaction, a 720 credit score or above, 10 acres of land or less, and intent to build a personal residence in the future.


Call 225-214-6800 for information on our mortgage programs.