Have you found the house that is almost the home of your dreams? Let ECU help your new home reach its potential with the ECU Purchase Plus Mortgage.

This program helps home buyers both purchase and renovate a new home with one loan and one payment. And we'll be right beside you every step of the way from application to closing. Your loan is processed, approved, and serviced at ECU.

  • 100% financing of purchase price
  • Up to $30,000 for upgrades and renovations
  • Total loan cannot exceed 105% of appraised value for maintenance upgrades and renovations
  • Total loan cannot exceed 100% of appraised value for cosmetic upgrades or renovations

Important Information about Purchase Plus Program: 
Example:  If you borrowed $200,000 on a 30-year Purchase Plus mortgage at 5.750% (5.826% APR), your monthly payment would be $1,167.15.  This is based on a 105% loan-to-value.  Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; and the consumer should consult with a tax adviser for further information regarding the deductibility of interest and charges.  Subject to credit approval. Certain restrictions apply. 

Find a Loan Officer   

Learn More:

  • Apply for a Mortgage

    Completing our online application is as easy as 1-2-3. Get started today!

  • ECU Title & Escrow

    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.

  • Find a REALTOR

    Realtors are knowledgeable in many phases of the home buying and home selling process and can be a valuable resource to you.

  • Watch Mortgage Videos

    Have questions about purchasing, building or selling a home? Check out these helpful videos, covering a broad range of mortgage topics.

Have Mortgage Questions?

Calculate Your Answers

So many financial decisions are involved when purchasing or refinancing a home. Should you buy or rent? Will refinancing save you money? How much would your monthly payments be? Our calculators are designed to answer these questions and more.

Mortgage Calculators

Compare Mortgages

Which loan is right for you? See the chart below for unique features of each. If you need help, please contact us or give us a call at 800.999.2328.

Loan TermMaximum Loan To ValueTermMortgage InsurancePrepayment Penalty
Fixed & Adjustable Rate Mortgages97.00%15/20/30 yearYesNo
Federal Housing Administration (FHA)96.50%15/30 yearYesNo
Veterans Administration (VA)100.00%15/30 yearYesNo
USDA100.00%30 yearYesNo
First Time Home Buyers Program105.00%30 yearNoNo
ECU 100 Mortgage100.00%15/20/30 yearNoNo
ECU Purchase Plus105.00%15/30 yearNoNo


  • What is the Purchase Plus Mortgage Loan?

    The Purchase Plus mortgage is a home loan designed for buyers who are looking to finance the purchase price of their house and make upgrades or renovations right away. Upgrade or renovation funds are held at the closing of the loan and disbursed to the borrower by ECU and can be used for a heat pump, roof, plumbing, windows, appliances, flooring, countertops, etc.

  • What type of housing can I finance with the Purchase Plus loan?

    With the Purchase Plus loan, the home must be an owner-occupied primary residence on a traditional stick built, single-family dwelling home.

  • What is the amount of funds you receive for upgrades or renovations?

    The borrower receives up to $30,000 or 105% of the appraised value of the home subject to upgrades or renovation, whichever is lower, for upgrades or renovations with the Purchase Plus mortgage loan and the work must be completed by a licensed contractor.

  • Are closing costs included in with the financing of the loan?

    No. Closing costs are paid separately and cannot be included with the borrowed loan amount.