Traditional Loans

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By partnering with Members Mortgage Services, we can give our members multiple first mortgage products that can meet any borrower’s needs.

  • Easy, online application at
  • Be pre-approved within minutes from the convenience of your home, 24-7.
  • Experienced CU Staff just a phone call away
  • Rate Tracker Feature saves you time


Home Equity and HELOC (Home Equity Line of Credit) Mortgage Loans

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 Home Equity Loans and Home Equity Lines of Credit (HELOC)

A home equity loan is a powerful tool for homeowners. It allows you to borrow money against the equity in your home which can be used for any project or purchase: repairs or upgrades, college tuition, or to pay off high-interest debt. Often, the interest rates on home equity loans are lower than credit cards, which makes it easier on your bottom line.

The amount of a home equity loan is based on how much equity – the difference between the value of the home and how much is owed on the mortgage(s) – the homeowner has, and current credit qualifications. The longer a mortgage is paid down and the more a home appreciates in value, the more equity is built which can equate to a larger loan amount.

ESFCU offers competitive, fixed-rate home equity loans as well as open-end, variable-rate lines of credit (HELOC**) that are available for use when you need it. In addition to low interest rates, the interest may be tax deductible.+ Consult your tax advisor for details.

Home Equity Loan

A home equity loan is often referred to as a second mortgage. It is a one-time lump-sum loan with a fixed rate that is secured against the value of the property, just like a traditional mortgage.

  • Competitive fixed rates
  • Flexible terms to fit your payment needs

Home Equity Line of Credit (HELOC)

A HELOC is a revolving line of credit with a variable rate that can be accessed as needed.

  • Competitive, variable rates
  • Loan amounts based on equity
  • Easily accessible and reuseable credit
  • Interest charged only on amount utilized
  • Special introductory rate for qualified borrowers


*Annual Percentage Rate (APR), terms and conditions dependent on credit
qualifications and approval, and subject to change without notice. **HELOC terms: 84
month draw. Monthly APR is fully indexed, variable rate based on Wall Street Journal
Prime plus or minus a margin based on loan-to-value ratio. Maximum APR that can
apply: 18.00%. Minimum line of credit amount: $3,000. Minimum advance: $0. May
be subject to closing costs. Consult a tax advisor for information regarding deductibility
of interest and charges. Adequate property and flood insurance may be required