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Mortgage Loans

With MORE mortgage options,  we have a Home Loan 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.

 

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

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Welcome Home Loan*

This 5/5 Adjustable Rate Mortgage (ARM) is ideal for home buyers wanting to put less money down without paying Private Mortgage Insurance (PMI). This interest rate is subject to an adjustment every five (5) years but only up to a 2% maximum per adjustment period or just 5% over the life of the loan.

  • Up to 97% financing (3% minimum downpayment)
  • 30 year term
  • Great rates
  • No PMI

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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:

  • 100% financing to qualified low-to-moderate income buyers
  • Closing costs can be paid by the seller or financed in the loan, if eligible
  • Great fixed rates
  • Flexible credit guidelines1

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

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Lot/Land Loans

Found that perfect location?

  • Up to 100% financing available to qualified buyers
  • 24, 60 or 120 month terms 
  • 240 month term with 10-year balloon on loan amounts over $50,000
  • Discount rate is located in a subdivision
  • Land size up to 80 acres

Apply Now

 

Construction Loans

Looking to build your next home?

  • Fixed-rate, interest only loan
  • Up to 90% Loan to Value (LTV)
  • 4-5 draws allowed
  • Upon completion of construction, covert your loan to an EFCU Financial fixed-rate mortgage

Apply Now

 

FHA Loans

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

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

Apply Now

 

VA Loans

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