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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 $250 in cash back savings for every $250,000 you finance with EdFed!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 $548,250 and include:

  • Purchase money finance
  • Refinances

Jumbo Loan programs are available up to $1,000,000.

1All loans are subject to approval and are granted based on individual creditworthiness, the ability to repay and credit score. Borrowers will receive a rebate of $250 for every $250,000 funded on the following qualifying loan types: New Mortgage Purchase and First Mortgage Refinance. Minimum funded amount to qualify for this offer is $250,000. Maximum rebate amount is $1,000 per member. Rebate will be credited upon loan closing. Offer cannot be combined with any other discounts. Per IRS regulations, rebates of $600 or more may be reportable as miscellaneous income on form 1099-MISC.

Conventional home loan programs are available up to $548,250 and Jumbo Loan programs are available up to $1,000,000. If you are financing a condominium or obtaining a Jumbo Loan, certain restrictions apply.

If you are financing a condominium or obtaining a Jumbo Loan, certain restrictions apply. Please contact our Mortgage Department for more information.

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 Loan2

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 Credit2

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.

1Subject to average minimum daily balance requirement of $10,000 during first 12 months.

2Must be members primary residence, located in Florida and owner occupied. No portion of your home can be under construction. Eligibility for the lowest rate and loan approval is based on creditworthiness, ability to repay, credit score and repayment period.

All Home Equity and Line of Credit Loans are subject to an average minimum daily loan balance of $10,000 during the first 12 months; otherwise, the member will be responsible for reimbursing the Credit Union for closing costs incurred.

EdFed's NMLS Number 543676.