Check current BECU interest rates on mortgage loans ranging from fixed rate, ARM, construction, government and more. Guiding you every step of the way with comfortable, convenient, affordable mortgages that feel like home. We offer better rates, fewer fees and more affordable financial services to home buyers. Loan Term APR - 2020 & Newer APR - 2017 - 2019* 0 - 60 Months. Box 1395 South Bend, IN 46624-1395. Rates accurate as of December 22, 2020 and are subject to change. The application will ask you questions about the home and your finances and takes less than 20 minutes to complete. Rates listed are for this product only and … Your Mortgage Specialist will explain how the ARM works and help you understand the pros and cons. First, you'll complete our on-line application. ECU Title & Escrow is a full-service real estate settlement company that helps members complete the home buying or selling experience at an ECU branch. Contact ECU for current Rates and Terms at 800-382-2400. as low as 2.14%: as low as 2.64%: 76 - 84 Months 1 New money only. Eastman Credit Union has loan officers ready to help with all of your home financing needs! An Adjustable Rate Mortgage, sometimes referred to as an ARM, has a lower rate and lower monthly payments for the first 3, 5 and 7 years, depending on the term you choose. Login to your existing Mortgage Loan application. If you need help, please contact us or give us a call at 800.999.2328. A credit score is one of the pieces of information that we'll use to evaluate your application. Teachers Credit Union P.O. This mortgage allows you to make a lower monthly payment and build equity in your home faster than a higher fixed rate mortgage. With ECU, it’s not just about making sure you receive a great mortgage product. However, there are many other factors when making a loan decision and we never evaluate an application without looking at the total financial picture of a member. Generally, the higher your credit score, the lower the risk that your payments won't be paid as agreed. Certain loan limitations may apply; for details, direct inquiries to the Mortgage Department.) Rate APR Points; 15 Year Fixed : 2.375%: 2.705%: 1.000%: 30 Year Fixed : 2.875%: 3.059%: 1.000%: 30 Year Fixed First Time Homebuyers: 4.875%: 4.976%: 0.000% If you are purchasing a new home, the Loan Officer will also contact the Real Estate Broker. © 2020 Eastman Credit Union. You are now leaving Educators Credit Union’s website www.ecu.com. What is a credit score and how will my credit score affect my application? ECU has great options for you! You are leaving Eastman Credit Union. Example: 30-year fixed rate loan with Purchase Price of $125,000 with a 20% down payment, Loan Amount of $100,000, paying 1.00 Origination point with an annual interest rate of 2.875%, and an APR of 3.027%, would result in 360 monthly principal and interest payments of $414.89. Privacy Policy | CA Privacy Policy | Web Accessibility Statement. Example:  30-year fixed rate First Time Home Buyers loan with Purchase Price of $125,000 and a loan amount of $131,250 (includes 5% in closing costs) with an annual interest rate of 4.875%, and an APR of 4.962%, would result in 360 monthly principal and interest payments of $694.59. ARM = Adjustable Rate Mortgage. Payment does not include amounts for taxes and insurance premiums. Our goal is provide the highest level of service at competitive rates. For additional information about our home loan options, visit www.becuhomeloans.org or call a BECU mortgage representative at 800-233-2328 x5772. 8 Easy Steps to Homebuying . The closing will take place at the office of a title company or attorney in your area who will act as our agent. Sign up for Rate … Convenient fixed and adjustable rate options available. An increase in the Index will result in an increase in the periodic rate which, in turn, will result in higher payments. Jumbo Mortgage. 638-2148/638-7040/674-6284. We service your mortgage loan from start to finish. Use the equity in your home to renovate, remodel, pay off bills, fund a college education and more. We'll use the title insurance to confirm the legal status of your property and to prepare the closing documents. as low as 2.14%: as low as 2.64%: 61 - 75 Months. ECU offers low payment, low rate, and low or no down payment options on mortgage loans customized to fit your needs. Our Adjustable-Rate Mortgages have a mix of a fixed rate period and an adjustable-rate period. APR calculations are based on 150k loan amount with a $595 origination fee and 0 points for the purchase of a single-family, primary residence, with a credit score of at least 740, loan to value of 80%* (20% … View Existing Home Equity Loan Application. Mortgage and Equity Loan Rates Effective: 12/18/2020 9:06am (Rates are subject to change daily. After completing your application, a Loan Officer will contact you to introduce himself or herself and to answer any questions you may have. Credit scores used for mortgage loan decisions range from approximately 300 to 900. They have proven to be a very effective way of determining credit worthiness. Will refinancing save you money? Credit scores are calculated by comparing your credit history with millions of other consumers. After we receive the application packet back from you and the appraisal, the Closing Agent will contact you to schedule your loan closing. See the chart below for unique features of each. View our MD credit union rates online and apply for a loan. Completing our online application is as easy as 1-2-3. Rates and terms may vary depending on loan to value ratio, credit evaluation and underwriting requirements. ET Type Rate APR Max LTV Term (years) Monthly Payment per $1,000 borrowed; Jumbo 5 YR ARM 2/5 Cap: 3.625%: 3.80%: 90%: 30: $5.44: APR = Annual Percentage Rate. If you wish to leave ECU's website, select "Continue". Why? Certain restrictions may apply. The above mentioned conforming fixed rate loans, loans are based off a loan amount of $150,000 with a qualifying credit score of 736 plus fees associated to include .50% origination and/or discount. APR = Annual Percentage Rate. Check out these helpful videos, covering a broad range of mortgage topics. ARMs may be a great option depending on your circumstances. It’s a difference you’ll feel the moment you speak with an ECU mortgage loan specialist. Payment does not include amounts for taxes and insurance premiums. Fixed Rate Mortgage Disclosure All rates assume 80% financing with a 20% down payment. If you need help, please contact us or give us a call at 800.999.2328. If your request wasn't approved on-line, he or she will ask you for any information required to make a decision about your loan. Number three: factor in Private Mortgage Insurance or P M I. ***Mortgage LTV(loan to value) 95% or less. ["forms.fivision.com","3270290112.mortgage-application.net","eastmancu.org","securemail-ecu.org","ecu-openhire.silkroad.com","ecumortgage.mymortgage-online.com","ecuequity.mymortgage-online.com","fmsi-lts.com"]. Non-Rebate Eligible Fixed Rate Mortgage5 Term 10 years 15 years 20 years 25 years 30 years Term 10 years 15 years 20 years 25 years 30 … You are leaving Eastman Credit Union's website and visiting a third-party website. The application package will contain papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the on-line application. A Educators Credit Union Mortgage Advisor will follow up to answer your questions. The rate is current as of 12/18/2020 and is the Credit Union's best rate. Convenient fixed and adjustable rate options available. ECU Credit Union interest rates are set by the Interest Rate Committee; ... Home Equity Second Mortgage Rates. Offering low payment, low rate, and low or no down payment options, ECU mortgage loans feel just like home. Payment does not include amounts for taxes and insurance premiums. From identity theft to credit scores, checking your credit reports is vital to your financial health. ecu_arima@easterncutt.com. 2 APR refers to Annual Percentage Rate. With ECU, it’s not just about making sure you receive a great mortgage product. If you wish to leave ECU's website, select "Continue". Join the ECU family now. Quick access to WSECU deposit, loan, mortgage and credit card rates. Proceeds cannot be used for debt consolidation or to refinance existing ECU loans. After the Introductory period, the floor APR will be 4.00%. In addition to affordable rates and easy terms, some of our mortgage loans are eligible for the … © 2020 Eastman Credit Union. ... Mortgage Interest rates. ¹APR= Annual Percentage Rate. Some of the things that affect your credit score include your payment history, your outstanding obligations, the length of time you have had outstanding credit, the types of credit you use, and the number of inquiries that have been made about your credit history in the recent past. If not, select "No Thanks". We go the extra mile to give you exceptional service. Estimate my monthly mortgage payment. We'll order the appraisal from a licensed appraiser who is familiar with home values in your area. That's all there is to it! You are leaving Eastman Credit Union's website and visiting a third-party website. This website's security and privacy policies may differ from that of ECU's website and we cannot guarantee the accuracy of the information found on this third-party website. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage … Rates are effective {currentdate}. Title insurance will be necessary. Login to your existing Home Equity loan application. See additional disclosures for more information. Friendly, professional mortgage specialists that provide the resources you need to make your new home purchase a smooth transaction. We go the extra mile to give you exceptional service. Adjustable Rate Mortgage. Is there a fee charged or any other obligation if I complete the online application? With a mortgage loan pre-qualification, we’ll review your finances and estimate the maximum amount of loan for which you would qualify. The latest mortgage rates; The online forms you need to complete a full application; Note: If a first time application is being made, please select Create Account, following the onscreen prompts to enroll securely. Our calculators are designed to answer these questions and more. The credit score is calculated by the credit bureau, not by lenders. Friendly, professional mortgage specialists that provide the resources you need to make your new home purchase a smooth transaction. Join the ECU family now. ECU offers members Free Financial Counseling sessions. Contact us at (262) 886-5900; (800) 236-5898; (414) 325-2500. Check out ECU's great rates on a Mortgage Loan to fit your needs. There’s no cost at all for completing our application. Membership is open to anyone who lives near our locations! Payment does not include amounts for taxes and insurance premiums. Personal Signature Loans (Effective as of July 1, 2020) Loan Amount Interest rate will be fixed for 5 to 7 years and then adjust annually; 15-, 20-, & 30-year terms available; Finance up to 95%* or 100% through the ECU 100 Mortgage Rates may be higher based on applicant's creditworthiness. Mortgage rates are always changing. Member Call Center Hours M-F 7:00 a.m. to 7:00 p.m. MECU also offers discounts for First Time Home Buyers and members who buy homes in Baltimore City. The maximum repayment period is 15 years and the rate of interest charged is 0.56% per month on the daily outstanding balance. You're on your way to the most convenient home loan ever! Knowing how much home you can afford to buy upfront saves time when you start house hunting. Mortgage Calculators  Find a Loan Officer   MLO NMLS ID Numbers. What can I expect when I apply for a mortgage? The floor rate for new Home Equity Loans with loan to values under 80% is 3.49%% APR, 80.01-90% is 4.99% APR, 90.01-100% is 5.99% APR. Privacy Policy | CA Privacy Policy | Web Accessibility Statement. Payment does not include amounts for taxes and insurance premiums. Rates and/or points may vary depending on your specific needs and circumstance(s) such as credit history and other factors. If you are purchasing a home, they will also schedule the closing with the real estate broker and the seller. Rates accurate as of December 22, 2020 and are subject to change. To learn more about how ECU can help you with a government loan, use the links below. Example:  30-year fixed rate First Time Home Buyers loan with Purchase Price of $125,000 and a loan amount of $131,250 (includes 5% in closing costs) with an annual interest rate of 4.875%, and an APR of 4.962%, would result in 360 monthly principal and interest payments of $694.59. Get started today! 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