Mortgage Loans
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Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
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The Euclid Center at Food City
1320 Euclid Avenue
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Hampton Inn
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The Depot at Food City
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With a fixed rate mortgage, your rate will stay the same throughout the term of the mortgage loan. The interest rate is fixed, which means your principal and interest payments will not change. However, if there is an increase or decrease in taxes or cost of hazard insurance, an increase or decrease in the total dollar amount of the payment will occur.

  • Fixed monthly principal and interest payment
  • Finance up to 97% or 100% through the First Time Home Buyer's Program* or ECU 100 Mortgage
  • 15-, 20- and 30-year fixed terms available
  • No prepayment penalty
  • Reduce your interest rate by paying discount points

Find a Loan Officer   

*Certain restrictions apply.
Example: 30-year fixed rate loan of $150,000 with a 5% down payment, an annual interest rate of 5.000%, and an APR of 5.425%, would result in 360 monthly principal and interest payment of $805.23.  Payment does not include amounts for taxes and insurance premiums. The actual payment will be greater if taxes and insurance are included.

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.

Fixed Rate Mortgage Rates

Loan TermRateAPRPoints
15 Year Fixed 3.375%3.660%1.000%
20 Year Fixed 3.625%3.847%1.000%
30 Year Fixed 3.875%4.036%1.000%

Rates accurate as of November 8, 2019 and are subject to change.

All rates are subject to change without notice and will be based on your credit history, down payment amount, property type, loan purpose, etc. Rates are based on a purchase transaction with a 20% down payment. APR is based on $100,000 loan amount for an 80% LTV purchase and reflects any pre-paid finance charge.

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 Fixed Rate Mortgage?A fixed rate mortgage is the most common type of home loan. The interest rate remains the same for the life of the loan, so the principal and interest remain the same, too. Your monthly payments do not change unless property taxes, insurance premiums, or homeowners or condo association fees change.
  • What does a 30-year term mean?The mortgage’s term is the number of years you have to pay it. Some lenders offer a 30-year term, 20-year term, or a 15-year term.
  • What are the advantages of selecting a 30-year term over a 15-year term?The advantage of having a 30-year term is that your monthly payments are going to be lower. However, you pay more total interest over the life of the loan than you would with a 15-year term and your interest rate is higher with a 30-year term.
  • Who should consider getting a Fixed Rate Mortgage?Homeowners who want a monthly payment that is not going to change but be the same each month. Also, someone who plans to live in their home for many years would benefit from a fixed rate mortgage.