Skip to main content
Home - Emporia State Federal Credit Union

Purchase Loans

Whether you are in the market for your first home, your dream home, or your vacation home, we're here to help.  Apply Now or call/text (620) 342-2336 to visit with one of our lending experts!

  • What You Need To Know:
    • Interest rate stays the same for the life of the loan
    • 10, 15, 20 and 30 year terms available
  • Advantages of a Shorter-Term Loan:
    • Pay less interest over the life of the loan
    • Qualify for a lower interest rate on the loan 
  • Advantages of a Longer-Term Loan:
    • Have a lower payment for the life of the loan
    • Great option for borrowers on a fixed income

View Rates

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, 2022.

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

Mortgage Loan Officer
Se habla Español

Jared Germann
Mortgage Loan Officer

  • What You Need to Know:
    • Adjustable-Rate Mortgages (ARMs) are a good option for buyers who are not looking to stay in their home for an extended period of time
    • ARMs can help keep the mortgage payment low
  • How Do Adjustable-Rate Mortgages Work?
    • ARMs begin with a fixed interest rate and then adjust up or down after the initial term
    • ARM products contain 2 numbers.  The first refers to the number of years the interest rate 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 five years after that. 


  • What You Need To Know:
    • 2nd Home/Vacation Home Loans can be a Fixed Rate or an Adjustable-Rate Mortgage

  • What You Need To Know:
    • Investment Property Loans can be a Fixed Rate or an Adjustable-Rate Mortgage
    • Favorable terms to meet your needs

  • What You Need To Know:
    • 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

  • What You Need To Know:
    • ESFCU is an FHA approved lender
    • Loan is insured by FHA
    • Great option for low-to-moderate-income borrowers
    • Requires a lower minimum down payment
    • Minimum credit score of 620 to qualify

  • What You Need To Know:
    • Great option for buyers with moderate income
    • Zero down payment required and low mortgage rate
    • Only eligible in certain areas