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Home - Emporia State Federal Credit Union

Purchase Loans

Whether this is your first home or your next home, we’ll make the loan process simple. 

Conventional Fixed Rate 1st Mortgage

Keep the same interest rate for the life of the loan. 10, 15, 20 and 30 year term options. 

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First Time Homebuyer Grant Program

The Homebuyer Set-aside Program (HSP) provides down payment, closing cost, and repair assistance up to $5,000 for qualified homebuyers! The HSP subsidy is provided to households as a forgivable grant with a five-year retention period. Grant funds are offered in partnership with FHLBank Topeka. Funds will become available on March 1, 2021.

Qualifications for Eligibility:

  • All borrowers, co-borrowers and co-owners of the transaction must meet guidelines.
  • Household income must be at or below 80% of the Area Median Income*.
  • The homebuyer will contribute at least $500.00 toward down payment, and/or closing costs.
  • Homebuyer Education must be completed by the borrower (online courses are available).
  • Maximum grant per household is $5,000.

*The household income limit in Lyon County is $51,680.00 for a 1-4 person household, and $68,240.00 for a 5+ person household. For information on income limits in other counties, please contact one of our Mortgage Loan Officers.

Isabel Lopez                                            Jared Germann

Mortgage Loan Officer                           Mortgage Loan Officer
NMLS#1780376                                      NMLS#1869705
Se habla Español

Adjustable Rate 5/5 ARM

This is an excellent option if you are planning to be in your home 5 years or less. ESFCU has designed this flexible option with our members in mind, keeping the rate unchanged for the first 5 years. It’s not your typical Adjustable Rate Mortgage as rates only change, if the market demands, one time every 5 years thereafter. We pride ourselves delivering a quick turnaround closing when possible with lower closing costs. 

When is an Adjustable-Rate Mortgage a good option?

Adjustable-Rate Mortgages (ARMs) begin with a fixed interest rate and then adjust up or down after the initial term.  ARMs are a good option for buyers who don’t plan to stay in their home for more than 5 years and want to keep their monthly payment low.  

ARM products contain 2 numbers:

The first refers to the number of years the interest will remain fixed. The second is the number of years between interest rate changes after the initial term expires.

For example, a 5/5 ARM would have the same interest rate for the first 5 years, and then the rate would adjust every 5 years after that.

Purchase a 2nd Home

Fixed or adjustable, your choice.

Investment Property

Interested in being a landlord? This can be a great investment option. We make it simple and have competitive rates!


This may be a great option for eligible servicemembers, veterans and their spouses. VA loans are backed by the Department of Veterans Affairs. A certificate of eligibility is required and can be obtained from the VA. Maximum loan amounts are determined by the property location.


An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate-income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans. You'll need a credit score of at least 580 to qualify.


A USDA loan is a great option for buyers with moderate income. It lets you buy a house with nothing down and low mortgage rates — two huge benefits that only one other loan program (the VA loan) offers. If your home is in an eligible area, it's worth exploring a USDA loan.