Fixed Conventional Loans

Fixed Conventional Loan Rates & Terms

You could save thousands by financing with EFCU. Other than normal closing costs we do not charge any lender fees including underwriting, processing, tax service, document preparation and administrative fees. Additionally, there is no origination fee or pre-payment penalty. Fixed Conventional loans are available from $25,000 to $766,550 for mortgages on owner-occupied, single-family, primary residences. 30 year Fixed Conventional Loans are avaialable at 6.625% APR (Annual Percentage Rate). 20 year Fixed Conventional Loans are avaialable at 6.125% APR (Annual Percentage Rate). 15 year Fixed Conventional Loans are available at 6.000% APR (Annual Percentage Rate). Call 850.862.0111 x.3737 or contact us via secure email to apply for a fixed conventional loan today.

Fixed Rate Mortgage

Questions? Contact our Mortgage Services team today at 850.862.0111 x.3737 or via secure email.

*APR = Annual Percentage Rate. Interest Rates are subject to change at any time and do not constitute a commitment.

Maximum Loan Amounts & Restrictions - Fixed Conventional

1. Requires Eglin FCU Membership.
2. Loans from $25,000 to $766,550
3. Loan-to-Value: Purchase
   • We will lend up to 95% LTV of the appraised value or purchase price, whichever is less.
     **Maximum LTV on a Condo and Townhome is 75%.
     **Maximum LTV on a Mobile Home is 80%.
   • PMI is required for loans that exceed the 80% LTV.
4. Loan-to-Value: Refinance
   • Cash-Out Refinance: We will lend up to 80% LTV of the appraised value.
     **Maximum LTV on a Condo and Townhome is 75%.
     **Maximum LTV on a Mobile Home is 65%.
   • No Cash-Out Refinance: We will lend up to 95% LTV of the appraised value. PMI is required for loans that exceed the 80% LTV.
     **Maximum LTV on a Condo and Townhome is 75%.
     **Maximum LTV on a Mobile Home is 80%.
5. Property must be owner-occupied, single-family, primary residence
6. Property must be located in one of the following Florida counties: Escambia, Santa Rosa, Okaloosa, Holmes, Walton, Bay & Washington.
7. Additional fees may apply for cash-out transactions and transactions with secondary financing.
8. No underwriting, processing, tax service, document preparation, or administrative fees.
9. No origination fees.
10. No pre-payment penalty.

We do not offer or service Adjustable Rate Mortgages (ARM)