You could benefit from refinancing your home if you are paying a high interest rate, wish to shorten the term of your mortgage, need to finance a large purchase or need to consolidate debt. Refinancing with EFCU also provides the added benefit of NO ORIGINATION FEES and NO LENDER FEES.
30 YEAR FIXED RATE



20 YEAR FIXED RATE



15 YEAR FIXED RATE





No Origination Fees, No Lender Fees.


EFCU Fixed Conventional Loans offer more than just a competitive rate and great service. Other than normal closing costs we do not charge origination, pre-payment penalty, underwriting, processing, tax service, document preparation or administrative fees. These fees could really add up and avoiding them could save you several thousand dollars on your next home purchase. The choice is easy. To apply, contact our Mortgage Services team today at 850.862.0111 (Option 3) or via secure email.




Be Prepared.


Before you begin the application process, we recommend you click and read the links below. "What to Expect" explains our loan process from beginning to end and the "Loan Checklist" outlines exactly what paperwork and other documentation you will need to move forward. We also provide a lists of EFCU-Approved Service Providers. When you're ready to apply, contact us at 850.862.0111 (Option 3) or via secure email.

It normally takes 30-45 days to close on a purchase. Eglin Federal Credit Union will do everything we can to close the loan as soon as possible.
If you're trying to determine whether you should refinance your mortgage, use our mortgage calculators to determine what your monthly savings might be at different rate points. A typical rule of thumb is that if you can reduce your current interest rate by 0.75-1% or higher, then it might make sense to consider refinancing move. If you have questions about whether refinancing your mortgage may benefit you, our loan officers can assist you in reviewing the benefits of refinancing.
Eglin Federal Credit Union will only finance primary residences. However, if there is enough equity on your primary residence, there are some cases where we can use your primary residence as collateral and do a cash-out refinance instead.
Yes, but you would need to pay the difference between what is owed on your mortgage and your home's current value at closing.
EFCU encourages our members to continue making their mortgage payments even when we are processing a refinance. We do not want our members to incur any late fees. If there is an overpayment to the other lender, they will refund that overpayment.
No, a refinance has a required rescission period. A rescission period gives a borrower the right to cancel their loan transaction with the new lender within three days of closing.
Some of our mortgage products are sold, but EFCU retains the servicing of your loan. As a result, you will not see any difference in our service to you.





Mortgage Calculators


Fixed Conventional Loan Payment Calculator

(calculates Monthly Principal and Interest Payment, excluding insurance and taxes)
Amount of Loan:
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APR*:
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Term of Loan:
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Monthly Payment:
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Disclaimer: Financial calculators are provided to give sample payments for given Annual Percentage Rate and Terms but are not guarantees of credit. There is no guarantee, explicit or implied, regarding the accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. Please contact a Member Service Counselor for assistance with your specific loan request.