Mortgage Loans
{"items":[{"heading":"Home Buying Seminar","startDate":"July 23 at 12:00pm ET","url":"/resources/seminars-events/tennessee/home-buying-seminar-(3)","summary":"July 23, 2019 — 6PM.
Northeast Tennessee Association of Realtors
105 Tri-City Business Park Drive
Johnson City, TN 37615","lat":"","lng":""},{"heading":"Construction Seminar","startDate":"August 13 at 12:00pm ET","url":"/resources/seminars-events/tennessee/construction-seminar-(1)","summary":"August 13, 2019 — 6PM.
Northeast Tennessee Association of Realtors
105 Tri-City Business Park Drive
Johnson City, TN 37615","lat":"","lng":""},{"heading":"Home Selling Seminar","startDate":"September 1 at 12:00pm ET","url":"/resources/seminars-events/tennessee/home-selling-seminar-(1)","summary":"September 10, 2019 — 6PM.
Northeast Tennessee Association of Realtors
105 Tri-City Business Park Drive
Johnson City, TN 37615","lat":"","lng":""},{"heading":"Home Buying Seminar","startDate":"September 1 at 12:00pm ET","url":"/resources/seminars-events/texas/home-buying-seminar-(1)","summary":"September 10, 2019 — 6PM.
Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
Longview, TX 75605","lat":"","lng":""},{"heading":"Shred Day - Blountville, TN","startDate":"September 14 at 8:00am ET","url":"/resources/seminars-events/tennessee/shred-day-blountville,-tn","summary":"September 14, 2019 – 8AM - 12PM or until trucks reach maximum capacityBlountville Branch
1911 Hwy 394
Blountville, TN 37617 ","lat":"","lng":""},{"heading":"Shred Day - Gray, TN","startDate":"September 28 at 8:00am ET","url":"/resources/seminars-events/tennessee/shred-day-gray,-tn","summary":"September 28, 2019 – 8AM - 12PM or until trucks reach maximum capacityGray Branch
384 Roy Martin Rd
Gray, TN 37615","lat":"","lng":""},{"heading":"Home Buying Seminar","startDate":"October 1 at 12:00pm ET","url":"/resources/seminars-events/tennessee/home-buying-seminar","summary":"October 1, 2019 — 6PM.
Northeast Tennessee Association of Realtors
105 Tri-City Business Park Drive
Johnson City, TN 37615","lat":"","lng":""},{"heading":"Shred Day - Gate City","startDate":"October 5 at 8:00am ET","url":"/resources/seminars-events/virginia/shred-day-gate-city","summary":"October 5, 2019 – 8AM-12PM or until trucks reach maximum capacityGate City Branch
265 Jones St.
Gate City, VA 24251 ","lat":"","lng":""},{"heading":"Social Security Seminar","startDate":"October 8 at 11:30am ET","url":"/resources/seminars-events/tennessee/social-security-seminar","summary":"October 8, 2019 — 11:30AM & 6:00PM
The Crown Center at Food City
1205 N Eastman Road
Kingsport, TN 37660","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 15 at 6:00pm ET","url":"/resources/seminars-events/virginia/social-security,-medicare,-and-your-retirement-(1)","summary":"October 15, 2019 — 6PM
The Euclid Center at Food City
1320 Euclid Avenue
Bristol, VA 24201","lat":"","lng":""},{"heading":"Construction Seminar","startDate":"October 22 at 12:00pm ET","url":"/resources/seminars-events/texas/construction-seminar-(1)","summary":"October 22, 2019 — 6PM.
Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
Longview, TX 75605","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 22 at 6:00pm ET","url":"/resources/seminars-events/tennessee/social-security,-medicare,-and-your-retirement-(2)","summary":"October 22, 2019 — 6PM
The Depot at Food City
920 N State of Franklin Road
Johnson City, TN 37604","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 22 at 6:00pm ET","url":"/resources/seminars-events/texas/social-security,-medicare,-and-your-retirement-(1)","summary":"October 22, 2019 — 6PM
Hampton Inn
3044 N Eastman Road
Longview, TX 75605","lat":"","lng":""},{"heading":"Shred Day - Kingsport, TN","startDate":"October 26 at 8:00am ET","url":"/resources/seminars-events/tennessee/shred-day-kingsport,-tn","summary":"October 26, 2019 – 8AM-12PM or until trucks reach maximum capacityMeadowview Branch
2021 Meadowview Lane
Kingsport, TN 37660 ","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 7 at 6:00pm ET","url":"/resources/seminars-events/tennessee/health-care-plan-for-its-cost-in-retirement","summary":"November 7, 2019 — 6:00PM
The Crown Center at Food City
1205 N Eastman Road
Kingsport, TN 37660","lat":"","lng":""},{"heading":"Home Selling Seminar","startDate":"November 12 at 12:00pm ET","url":"/resources/seminars-events/texas/home-selling-seminar-(1)","summary":"November 12, 2019 — 6PM.
Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
Longview, TX 75605","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 12 at 6:00pm ET","url":"/resources/seminars-events/virginia/health-care-plan-for-its-cost-in-retirement","summary":"November 12, 2019 — 6PM
The Euclid Center at Food City
1320 Euclid Avenue
Bristol, VA 24201","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 14 at 6:00pm ET","url":"/resources/seminars-events/texas/health-care-plan-for-its-cost-in-retirement","summary":"November 14, 2019 — 6PM
Hampton Inn
3044 N Eastman Road
Longview, TX 75605","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 19 at 6:00pm ET","url":"/resources/seminars-events/tennessee/health-care-plan-for-its-cost-in-retirement-(1)","summary":"November 19, 2019 — 6PM
The Depot at Food City
920 N State of Franklin Road
Johnson City, TN 37604","lat":"","lng":""}]}

Features

Sometimes working hard and having a steady income are just not enough to qualify for a traditional mortgage loan. The United States Department of Agriculture (USDA Rural Housing) loan is available at ECU to help lower income households obtain home loans at reasonable mortgage rates.

 

  • Finance up to 100% of the purchase price
  • Seller may contribute closing costs
  • Gifts allowed for closing costs
  • No prepayment penalty

Find a Loan Officer

Household income cannot exceed income limitations and property must be in geographic location to qualify for USDA financing.

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.

  • Get Expert Advice

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

USDA Loan Rates (Fixed Terms Only)

Loan TermRateAPRPoints
30 year USDA Loan 4.500%4.683%0.000%

Rates accurate as of May 22, 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 0% down payment. APR is based on $100,000 loan amount for a 100% 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 yearYesNo
ECU 100 Mortgage100.00%15/20/30 yearNoNo
ECU Purchase Plus100.00%15/30 yearNoNo

FAQs

  • What is a USDA Home Loan?A United States Department of Agriculture (USDA) loan provides low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.
  • Who can apply for a USDA Home Loan?

    To apply for a USDA loan, you must:

    • Agree to personally occupy the dwelling as your primary residence
    • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
    • Have the legal capacity to incur the loan obligation
    • Have not been suspended or debarred from participation in federal programs
    • Demonstrate the willingness to meet credit obligations in a timely manner
    • Purchase a property that meets all program criteria

    All applicants must meet income eligibility. For information on eligibility within your area, please visit https://www.rd.usda.gov.

  • I see the USDA Loans are guaranteed, what does this mean?This means that the federal government insures a portion of each loan in the event the borrower defaults on their home loan. This backing, or guarantee, gives lenders more confidence in homebuyers and the ability to extend favorable rates and terms. All USDA Loans are guaranteed by the USDA government organization, not the FDA.
  • Are only first-time homebuyers eligible?No. There are no restrictions that prevent homeowners from using the USDA Loan program.
  • What is the maximum amount that I can borrow?The USDA loan program does not limit the amount that a homeowner can borrower; however, most lenders conform to the loan limits set forth by Fannie Mae and Freddie Mac and will extend financing for up to $417,000.