Mortgage Loan Rates

Check out ECU's great rates on a Mortgage Loan to fit your needs. 

LOAN TERM RATE APR1POINTS
15 Year Fixed 6.000%6.307%1.000%
30 Year Fixed 6.500%6.689%1.000%
30 Year Fixed First Time Homebuyers7.750%7.853%0.000%

Rates accurate as of June 2, 2023 and are subject to change.

1 APR refers to Annual Percentage Rate. Your rate may be higher depending on credit history and underwriting criteria. Certain restrictions may apply.

Example: 15-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 6.000%, and an APR of 6.307% would result in 180 monthly principal and interest payments of $843.86.  Payment does not include amounts for taxes and insurance premiums.

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 6.500%, and an APR of 6.689%, would result in 360 monthly principal and interest payments of $632.07. Payment does not include amounts for taxes and insurance premiums.

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 7.750% and an APR of 7.853%, would result in 360 monthly principal and interest payments of $940.29.  Payment does not include amounts for taxes and insurance premiums.