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  • 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.

  • Get Expert Advice

    Wishing you had free housing counseling advice? Speak with an expert today!

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 a FHA Loan?

    An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA).  They allow down payments of 3.5% for credit scores of 640+.  However, borrowers must pay mortgage insurance premiums, which protect the lender if a borrower defaults.

  • What type of mortgage insurance is required with a FHA loan?

    Because an FHA loan does not have the strict standards of a conventional loan, it requires two kinds of mortgage insurance premiums:  one, the Upfront Mortgage Insurance Premium (UFMIP), is paid in full upfront or it can be financed into the mortgage and the other, an Annual MIP, is a monthly payment.

  • What are the loan limits on a FHA loan?

    The Federal Housing Authority sets maximum mortgage limits for FHA loans that vary by state and county. Please visit www.hud.gov for limits in your area.

  • What are the FHA loan requirements?

    The credit score and down payment amounts are just two of the requirements of FHA loans.  For more information on FHA loan requirements, please visit www.hud.gov.

  • What are the benefits of an FHA loan?

    Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit.  For FHA loans, a down payment of 3.5% is required for maximum financing. Borrowers must have a minimum FICO score of 640 to qualify. However, having a credit score that’s lower than 640 doesn’t necessarily exclude you from eligibility. You just need to have a minimum down payment of 10%.