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Home Loans

A trusted hand to help you realize your dreams of home ownership.

Home Loans

Residential Home Loans

Whether you are thinking about purchasing a new home, you are a first time home buyer or you are refinancing your current home, we've got the home loan you need with low rates and flexible terms.1

Plus, financing your new home with EdFed Home Loans is more rewarding than ever before with added savings of up to $1,000 cash back at closing!1

Available on new mortgages and refinances, the new EdFed Cash Back Home Loan provides you with 0.25% of the amount financed in cash back savings!1

Save even more with EdFed by ditching the hidden fees and red tape found with other lenders. Every EdFed Cash Back Home Loan offers:

  • No application fee
  • No pre-payment penalties
  • No intangible taxes charged at closing

Conventional home loan programs are available up to $766,550 and include:

  • Purchase money finance
  • Refinances

Jumbo Loan programs are available up to $2,000,000.

Home Equity

With a Home Equity Loan, you will be able to use your home as a financial resource to help you achieve your goals quickly.

  • Loans up to $300,000
  • No Closing Costs1

Home Equity Fixed Rate Loan

Intended for a specific expense, a Home Equity Fixed Rate loan is great for home improvements, dream vacations or debt consolidation — the possibilities are endless! A Home Equity Fixed Rate loan offers a one-time cash payout with convenient repayment terms.

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) works similar to a credit card. As you make payments on your decreasing Home Equity balance, paid-off funds become available again without submitting another loan application. Variable rate Home Equity Lines of Credit are available.

1All loans are subject to approval based on creditworthiness, ability to repay, credit score, repayment period and equity in home. Home Equity Fixed Rate Loans and Home Equity Lines of Credit available for owner-occupied primary residences located in the State of Florida only. The Home Equity Line of Credit is a variable rate loan. Currently, the APR for a Home Equity Line of Credit starts as low as 8.25%. The variable APR applicable to your account will be indexed to the highest Prime Rate published in the Money Rates Section of The Wall Street Journal in effect fifteen days prior to the first day of each calendar quarter of each year. The APR will increase no more than 1% at any change period and no more than 2% annually. The maximum APR is 18.00% and will never be less than 2.99%. The maximum line amount is $300,000. The term of the line includes a 10-year draw period with a 10-year repayment period. Homeowners insurance is required; flood insurance is required where necessary. Minimum initial draw is $10,000 and subsequent minimum draws are $100. You must reimburse EdFed for out-of-pocket origination expenses if your average daily loan balance falls below $10,000 during the first 12 months. Additional terms and conditions apply. Offer may be withdrawn without notice.

Educational Federal Credit Union's NMLS Number 543676.