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Routing Number: 263178070

EFCU Home Refinancing

No Origination Fees, No Lender Fees.

EFCU Fixed Conventional Loans offer more than just a competitive rate and great service. Although we charge 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 list of EFCU-Approved Service Providers. When you're ready to apply, contact us at 850.862.0111 (Option 3) or via secure email.

More Information

Fixed Conventional Loan Payment Calculator


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.

Refinancing a Home

How long does the loan process typically take?

EFCU strives to close all of our loans within 30-45 days.

Should I refinance my mortgage?

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.

Can I do a refinance on my vacation or investment property?

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.

Can I refinance my mortgage even if I owe more than my home is currently worth?

Yes, but you would need to pay the difference between what is owed on your mortgage and your home's current value at closing.

Should I make my next mortgage payment even though I am in the process of refinancing with EFCU?

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.

Will the funds be available on the closing date?

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.

Will my mortgage loan be sold?

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.