Mortgages to finance the home of your dreams
Apply for a mortgage online by June 30, 2018 and you may qualify for us to pay your closing costs.1
placeholder for border bracket
Apply now and we'll pay your closing costs
placeholder for border bracket
Our team of mortgage professionals is here to help you from the initial application to the final payment. We can help you save on closing costs with the following limited time offers:1
- Refinances: No closing costs.1
- Purchases: Closing cost credit up to $2,500.1
We understand the education community which is why we offer financing up to 97% of your home's appraised value2
and closing in 30 days or less. Since we provide lifetime loan servicing, we'll always be here to answer your questions from the time of application to your last payment. You can also earn an average rebate of $1,500 when you use a HomeAdvantage
™ real estate agent3
Visit our Mortgage Center to learn about our mortgage products, including our new 15/15 Mortgage program. You can also get rate information, apply for a loan and access our helpful tools such as:
- Rate Watch: Set up rate thresholds and receive email alerts when those thresholds are reached. You can also have rates emailed daily, weekly or monthly.
- Personalized quotes: Receive a quote for your unique mortgage scenarios and obtain estimates of your closing costs.
- Interactive calculators: The calculators simulate various financial scenarios and combinations to help you assess your options.
Apply online or call 301.779.8500 ext. 4045 to talk with a Mortgage Loan Specialist.
1 This credit applies to first mortgages only. Up to $1,500 in closing cost credits for properties purchased and refinanced in the following Maryland counties: Charles, Montgomery and Prince George's. Up to $2,500 in closing cost credits for properties purchased and all closing costs for properties refinanced in the following Maryland counties: Anne Arundel, Calvert and St. Mary's. Not included in paid closing costs by the Credit Union for refinances are the prepaid and escrow items. For cash out refinances in addition to the prepaid and escrow the recordation tax is not included in paid closing costs by the Credit Union. Up to $2,500 in closing cost credits for properties purchased and refinanced in all other counties. Members must apply online at esfcu.org between now and June 30, 2018 and enter promotion code "Spring Savings" in the comments box at the end of the application to be eligible for the closing cost credit. This credit will be applied at the time of closing. This promotion cannot be combined with other offers and is not valid on existing Educational Systems FCU loans. Loans are subject to credit qualifications and approval.
2 Financing is available up to 97% of your home's appraised value. Expected monthly principal and interest payment for a 30-year fixed conventional mortgage of $250,000 at an interest rate of 4.625% (which is an equivalent APR of 5.050%) and a payment of $1,285.35. Total payment is $462,726.00. APRs as low as 5.050% for a 30-year fixed conventional mortgage. Rates are subject to change without notice.
3 The HomeAdvantage™ program is made available through a relationship between Educational Systems FCU and CU Realty Services. Program rebates are awarded by CU Realty Services to buyers and sellers who select and use a real-estate agent in the HomeAdvantage network of approved agents. Home buyers or sellers are not eligible for the rebate if they use an agent outside this network. Using Educational Systems FCU for a mortgage is not a requirement to earn a rebate. Rebate amounts are dependent on the commissions paid to the agent. Rebate incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with Educational Systems FCU to get details that may affect you. Loans subject to credit qualifications and approval.