Home Loan FAQ

What Types Of Loans Do You Offer?

The FECU offers a wide range of loan options* with competitive interest rates, flexible terms, and fast, convenient service to help you reach your homeownership goals.

• Home Equity Loans   
• Home Mortgages

How do I apply for a Home Mortgage?

At FECU, we partnered with Servion Mortgage^® (NMLS #1037) to handle your home mortgage. If you are purchasing a home or want to refinance your current mortgage you can apply with Servion using My Mortgage-online. Once you have submitted your application Servion loan officers can provide information and guide you through the rest of the process.

• Ready to get started? Apply on My Mortgage-online
• Learn more: Homebuyer Guide 
• Rate Calculator: Annual Percentage Rate (APR) Calculator

How do I finance Home Equity?

FECU has different options for accessing the equity in your home. Homeowners can choose between a fixed rate, fixed payment Home Equity loan, or a Home Equity Line of Credit, which is a variable rate loan and is a revolving form of credit with a limit that you can borrow up to as you need it. 

Ready to get started? Apply for a loan online or contact us for more information. 

How Much Can I Borrow on a Home Equity Loan?

Home Equity loans options* allow borrower to use up to 90 percent of the equity of the home. After submitting a loan application, the loan officers can assist you in determining what loans amount you might qualify for and the new monthly payment options available.

*Home mortgages not available in Alaska, Arizona, Hawaii, Massachusetts, Montana, Nevada, New York, Rhode Island, U.S. Virgin Islands, Virginia, and Washington DC.

This information is intended to provide general information regarding available loans only. It should not be considered legal or expert tax advice regarding your specific circumstances. Home mortgage services are provided by The Servion Group (NMLS 1037), a third party wholly independent from FECU. Trademarked names, content, images, features, and products used belong to their respective owners. These third party features, applications, and incentives are subject to change.  Consult a qualified professional with questions regarding the topics herein. Terms and conditions apply.