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Home Loans
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Buying a New Home
ELCA Federal Credit Union can offer exceptional rates and personalized service and support for your home mortgage,* every step of the way. We offer fixed and adjustable-rate mortgages at a variety of terms.
Quick Links
Home purchase basics >>
What do I need to know to buy?
Loan types >>
Which loan is right for me?
Affordability Calculator >>
How much can I afford to pay for a home?
Payment Calculator >>
How much will my payments be?
Mortgage Checklist >>
Do I have everything I need to move forward?
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Refinancing a Mortgage
Refinancing your mortgage* may help you lower your monthly payments or shorten the term of your mortgage. The ELCA Federal Credit Union offers both refinancing and cash-out refinancing for existing mortgages.
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Should I Refinance? >>
Estimate the benefits of refinancing using this calculator.
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Home Equity Line of Credit
A home equity line of credit, also known as a HELOC, is a common way to finance home improvement or other large expenses — in or outside of the home. Secured by the equity of your home, a HELOC allows you to borrow as little or as much as you need. And as you pay off your balance, the amount of credit available to you is replenished — similar to a credit card.
A home equity line of credit with the ELCA Federal Credit Union has a 5-year draw period and a 10-year repayment period; total term of 15 years.‡ For the duration of the 5-year draw period, you pay interest only.‡ You pay both principal and interest during the 10-year repayment period.‡
If you are interested in learning more about a HELOC or personal loan to finance an upcoming expense, contact us to let us know how we can be of service.
Contact Us*APR = Annual Percentage Rate. Published rates current as of June 1, 2024. Rates on home equity lines of credit are variable and subject to change. Maximum APR is 18.00%. Final rate and terms are subject to creditworthiness.
†While we offer first mortgages for members in most states, we do not yet offer first mortgages in CT, HI, MD, MA, NV, NH, NY, NM and RI.
‡HELOCs are offered based on state and federal law, regulation, and other requirements. The ELCA FCU is not able to offer HELOCs to all states at this time. Remote notary fees may be charged per certain states' requirements. Such fees range from approximately $250 to $300. Your state may have specific closing requirements such as title company or attorney closing fees, which are passed through to the applicant. Costs for these state specific requirements will vary but will be quoted before commitment. No minimum, fixed, transaction, activity or similar charges imposed. No membership or participation fee. The information above is subject to change without notice.
NMLS #2354569
Mobile App: Account Access Whenever, Wherever
- Deposit checks using Remote Deposit Capture*
- Search for a free ATM nearby
- Pay bills
- Transfer funds to/from internal and external (A2A) accounts
- Send money to anyone by text or email using person-to-person payments (P2P)
- Sign up for eAlerts and much more
Free Online Banking: Freedom to Bank from Wherever You Are
- Access all of your savings account details online, including account balances, pending transactions and a complete transaction history with links to images of checks
- Open a checking account, secondary savings account or CD
- Apply for a loan or credit card
- Get your free monthly eStatement online as soon as it’s ready. No waiting for the mail. And because it’s paperless, it’s the green way to bank.
- Set up free eAlerts to let you know if an account balance is low or high, when an automatic withdrawal or deposit is made or when a loan payment is due
- Complete Member-to-Member (M2M) transfers, which allow you to transfer funds immediately and directly to other ELCA Federal Credit Union members
- With Account-to-Account (A2A) Transfers you can link your ELCA FCU account with your accounts at other financial institutions and transfer funds to and from these accounts free of charge.
- Quickly and easily transfer funds to anyone using Person-2-Person (P2P) payments. All you need is an email address or cell phone number. This service is free of charge and in most cases, the money arrives in just a couple of days. Must be enrolled in our free bill pay.
Free eStatements
eAlerts
- When your account balance is above or below a designated threshold
- When an ACH deposit or withdrawal occurs
- Loan payment due date
- General account notices for overdrafts, CD maturity and more