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EFFCU Services

Mortgage Loans

(Why finance or refinance your home with Eastern Financial? Because no other financial institution comes close...)    

  • NO Origination Fees - Save $2,000 or more*
  • NO Intangible Tax - Save $400 or more**
  • Plus, there are no tricks or hidden fees like what you might encounter with other mortgage lenders.

*Other lenders charge Origination fees (a percentage of the loan amount). **Based on loan amount of $200,000.00.


Tax Credit InformationThe Federal Housing Tax Credits can help make homeownership a reality. Do you qualify?
To help answer that question, SCCU is pleased to present the information below, compiled
by the National Association of Home Builders, about how this law can benefit you.

Please click here for more information



Mortgage Apply Now V1

Note: Rates can change at any time. Rates and closing costs will not be locked until a complete application with all supporting documents have been provided and the application fee has been collected

EFFCU reserves the right to limit the Maximum CLTV/LTV/HLTV ratio that it will finance.



Eastern Financial's Standard Mortgage Loans

Choose from a wide array of mortgages to meet your needs, such as:

MortgageTermsBenefits
Fixed RateFrom 10 to 30-year term.
Up to 90% financing.		Steady payment amount over the term-principal and interest does not vary.
Adjustable Rate(ARM)15- or 30-year term.
Rate increases are capped at 2% a year - 6% over the life of the loan.		Opportunity to get a lower rate and, therefore, lower monthly payments during the initial stages of the loan.

Fixed/Adjustable Rate #2

Up to 30-year term.
Fixed rate for 3, 5, 7 or 10 years, then converts to 1yr Adjustable for balance of term.		Low fixed rate converts to an adjustable rate after a few years to take advantage of future rate drops.
Jumbo

Up to 30-year term.
Loans of $417,000.01 or more.

Finance larger amounts with flexible terms and competitive interest rates.