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Mortgages

At ēCO, we love seeing our members reach huge financial milestones; that’s why we have a variety of mortgage options to meet the needs of our members in all stages of life. Whether you are buying your first home or need a line of credit to help you spruce up your current space, we are ready to meet your needs.

First Mortgages

  • 5 Year Fixed
  • 10 Year Fixed
  • 15 Year Fixed
  • 30 Year Adjustable Rate Mortgage
    • Fixed for up to 10 Years

Second Mortgages

  • Up to 15 Year Fixed

No-Cost Quick Equity Products

  • No Cost Home Equity- Fixed
    • Rate- Prime
    • Up to $50,000
    • Up to 90% of Tax Assessment
      Closing cost must be paid by member if loan is paid in full within one year of loan date.
  • No Cost Home Equity Line of Credit- Variable
    • Rate- Prime
    • Up to $50,000
    • Minimum Initial Advance- $5,000
    • Up to 90% of Tax Assessment
      Closing cost must be paid by member if loan is paid in full within one year of loan date.

Other Options

  • HELOC
    • Up to a 15 Year Term
  • Land Only

First-Time Home Buyers Promotion

  • For first-time home buyers*, we offer some special financing perks:
    • Finance 100% of the appraised value of the home
    • Waive $450 Underwriting Fee
    • $100 VISA Gift Card

Other Benefits

  • Through June 30, ēCO will finance up to 100% of the appraised value of the home.** The current rate for 100% financing is 3.75% APR.
  • You will not be charged PMI (Private Mortgage Insurance).
  • ēCO offers local and personal services. We also keep mortgages in-house.

View Rates   Apply Today

*Subject to credit approval. Available to first-time home buyers using the 5 year/6-month ARM product.

**Subject to credit approval. Available to borrowers using the 5 year/6-month ARM product.