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.
Bi-Weekly Mortgages now available

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

Special No Closing Cost Option

Eastern Financial is pleased to offer a NO CLOSING COST FIRST MORTGAGE LOAN PROGRAM for the Purchase or Refinance of a Single Family dwelling. Simply add 1.00% to the interest rate listed on our rate sheet if you wish to select the “Special No Closing Cost Option” loan. Learn More

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:
Mortgage	Terms	Benefits
Fixed Rate	From 10 to 40-year term. Up to 95% 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.
Convertible Adjustable Rate #1	15- or 30-year term. Adjustable rate can be fixed anytime between years 2 and 5.	Initial lower, adjustable rate can be converted to a fixed rate to lock-in a lower payment should rates rise in the future.
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.
Interest First Mortgage	Up to 30-year term. Interest only payments for the first 10 or 15 years of the loan.	The loan will amortize for the balance of the term. Additional principal payments can be made during the interest-only periods.
Interest First ARM	Interest only payments for the first 3, 5, 7, or 10 years of the loan with a fixed rate. Loan will then convert to a 1 year ARM and the payments will amortize for the balance of the term.	Enjoy the flexibility of an affordable interest first product with a fixed rate option.
Jumbo	Up to 40-year term. Loans of $417,000.01 or more.	Finance larger amounts with flexible terms and competitive interest rates.

EFFCU also offers loans on vacant land that are zoned residential and loans on investment properties located within the State of Florida.