PURCHASE

Options include low down payments, first-time buyers programs, and programs to eliminate PMI.

BUILD

ETFCU offers down payments as low as 5%, a 9-month construction period, and a convenient one-time close.

REFINANCE

Our popular SmartMove Mortgage lets you refinance your existing mortgage to a low rate—with no closing costs.

Select a category above to view our mortgage options.

F Purchase p Refinance

Conventional Mortgage

  • Guaranteed low rate
  • Fixed-rate terms from 10- to 30-years
  • Points and no-point options available
  • $500 Visa® gift card at closing*

Lock in a low, fixed rate for the life of your mortgage.

*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase p Refinance

Adjustable Rate Mortgage

  • Offers a low initial rate
  • Fixed for an initial term up to 10 years
  • Adjusts annually thereafter
  • $500 Visa® gift card at closing*

Our adjustable rate mortgage programs may help you enjoy a lower rate.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

H Build

Construction Loan

  • Convenient one-time close can save you thousands
  • Down payment as low as 5%
  • 9-month construction period
  • Terms up to 30 years
  • Jumbo loan financing available
  • $500 Visa® gift card at closing*

Our construction loan program can make your dream home a reality.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

p Refinance

SmartMove Mortgage

  • No closing cost refinance from another financial institution
  • Fixed-rate 10- and 15-year first mortgage options
  • Second mortgage options also available

Have a mortgage elsewhere? Refinance with ETFCU and enjoy no closing costs.

p Refinance

Home Equity

  • Rates as low as 4.000% APR
  • No closing costs, annual fee, or prepayment penalties
  • Interest-only home equity program also available

Need cash for a large expense? Enjoy a great rate when you take advantage of your home’s equity.

F Purchase H Build

Lot Loan

  • Purchase up to 10 acres
  • Payments spread over a 10-year term
  • Low rates, low costs

Whether you plan to build right away or wait, we can help you get started.

F Purchase

Bridge Loan

  • Financing up to 90% of the appraised value
  • Interest-only monthly payments
  • 9-month term
  • Low closing costs

Use your home’s equity as a down payment on your new purchase.

F Purchase p Refinance

Condo Loan

  • Down payments as low as 5%
  • Available for purchase or refinance
  • No closing cost refinance available
  • $500 Visa® gift card at closing*

ETFCU offers programs to help you purchase or refinance your condo.

*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase

80/10/10 (No PMI)

  • No PMI—providing you huge monthly savings
  • Down payments as low as 10%
  • A second mortgage will cover 10% of the purchase price
  • $500 Visa® gift card at closing*

Purchase your new home with no PMI.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase H Build

Turn Key Financing

  • No construction financing needed
  • Rates can be locked up to 6 months
  • One-time rate drop option if market rates decrease
  • Jumbo loan financing available
  • $500 Visa® gift card at closing*

Let the builder of your choice design your perfect home, and ETFCU will take care of your end financing needs.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase

Freddie Mac Home Possible Advantage

  • Requires only 3% down payment
  • No reserves required
  • Loan rate not dependent on credit score
  • $500 Visa® gift card at closing*

This mortgage program is a great option if you don’t have a large income.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase p Refinance

Simple Solutions

  • Down payment of only 3%
  • Lower closing costs than an FHA loan—potentially saving you thousands
  • Available in multiple term options
  • $500 Visa® gift card at closing*

Lack a large down payment? ETFCU’s Simple Solutions mortgage program offers considerable benefits versus an FHA loan.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase

Homeownership Opportunities Program

  • Offers $10,000 in assistance to qualifying low- to middle-income buyers
  • Must be a first-time homebuyer
  • Requires a five-year retention agreement

Assistance is limited. Contact us about the Home Ownership Opportunities program today at (812) 469-9928 or 1-800-800-9271.

F Purchase p Refinance

Physician Loans

  • 100% financing up to $500,000 sales price
  • 90% financing up to $1,000,000 sales price
  • No Private Mortgage Insurance (PMI)
  • $500 Visa® gift card at closing*

This program is available to residents, fellows, new, and established physicians alike.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase p Refinance

Jumbo Loan

  • Loan amount can exceed the conforming limit of $417,000
  • Available for home purchase or refinance
  • Purchase and refinance options
  • $500 Visa® gift card at closing*

ETFCU’s Jumbo Loan program can help you secure your large mortgage.
*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

F Purchase p Refinance

FHA Loan

  • Down payments as low as 3.5%
  • More lenient requirements for income and credit history
  • Gifts are allowed for down payment and closing costs

Our FHA program can make your dream of home ownership a reality!

F Purchase

USDA Rural Housing Loan

  • $0 down – 100% financing available
  • Small towns, suburbs, and exurbs of major cities qualify
  • Competitive interest rates

Looking for a home outside the city limits? A USDA Rural Housing Loan may be right for you.

F Purchase p Refinance

VA Loans

  • Available with no down payment
  • Fixed-rates available at terms up to 30 years
  • Loan amounts between $50,000–$417,000

The VA loan is available to eligible veterans and active-duty military personnel.

ratematch

RATE MATCH GUARANTEE

We are committed to offering your lowest rate. If you find a lower rate, we’ll match it.1

extracredit

EXTRA CREDIT DISCOUNT

Pair your mortgage loan with select ETFCU services and receive a 1/8% APR interest rate discount.3

purchaseplus

PURCHASE PLUS

Receive a $500 Visa® gift card for the purchase or construction of your primary residence.2

 

What our members are saying

"The credit union helped me find the right program, a great rate, and they were very helpful and informative every step of the way. I was amazed by how quick and easy they made the entire process. The $500 gift card at closing was also a nice addition to an overall wonderful home financing experience."

Jeff Warren, Evansville

"When my husband and I first started thinking about building a home, we spoke to friends who had been through the process. We learned that you definitely want to choose the right partner. ETFCU has a fantastic construction program, particularly with the one-time close feature. They really made the process easy for us. It was a great experience."

Tammy Wittenbraker, Newburgh

“I wanted to thank you for the outstanding job you did on getting my loan approved and closed. It was truly the best banking experience I have ever had! This loan has made our lives easier financially and given us the ability to provide the things my wife and I want for our family.”

Jason Melton, Evansville

Contact us for a free consultation

Our mortgage experts excel at finding the best option for each member’s needs. Contact us or apply today!

Fields marked with an * are required

Whether you’re looking to buy, build, or refinance

Evansville Teachers Federal Credit Union has a program to save you money.

APPLY ONLINE

Mortgage Loan Originators

We have mortgage experts in Indiana, Kentucky, and Illinois ready to help you find the right program!

Select a state above to view our mortgage experts!

    Jeni Caudill

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1713
    NMLS#: 1444040

    Contact

    Zaida Clark

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1253
    NMLS#: 1008014

    Contact

    Shecari Seib

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1168
    NMLS#: 703899

    Contact

    Melissa Woodring

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1117
    NMLS#: 1002076

    Contact

    Mike McCutchan

    Burkhardt Office
    1900 Hirschland Road
    Evansville, IN 47716

    (812) 477-9271 Ext. 6213
    NMLS#: 1564083

    Contact

    MacKensey Mayer

    Northbrook Office
    1100 West Buena Vista Road
    Evansville, IN 47724

    (812) 213-3557
    NMLS#: 779352

    Contact

    Jami Allen

    Northfield Office
    12225 North Highway 41
    Evansville, IN 47725

    (812) 469-9922 Ext. 5203
    NMLS#: 438814

    Contact

    Angie Marsh

    Vincennes Office
    1395 S. Hart Street Road
    Vincennes, IN 47591

    (812) 886-9377 Ext. 2004
    NMLS#: 703900

    Contact

    Carla Fortson

    Warrick Office
    3944 State Road 261
    Newburgh, IN 47629

    (812) 858-3033 Ext. 6004
    NMLS#: 756783

    Contact

    Patty Cummins

    West Evansville Office
    4905 University Drive
    Evansville, IN 47719

    (812) 422-8204 Ext. 4009
    NMLS#: 875131

    Contact

    Arin Wagner

    Henderson Office
    349 Starlite Drive
    Henderson, KY 42420

    (270) 826-3029 Ext. 7304
    NMLS#: #1277378

    Contact

    Brook Youngman

    East Owensboro Office
    2930 Wimsatt Court
    Owensboro, KY 42303

    (270) 240-1520 Ext. 7104
    NMLS#: 960597

    Contact

    Seth Dant

    West Owensboro Office
    2820 N. York Street
    Owensboro, KY 42304

    (270) 684-6874 Ext. 7004
    NMLS#: 488912

    Contact

    Angie Marsh

    Vincennes Office
    1395 S. Hart Street Road
    Vincennes, IN 47591

    (812) 886-9377 Ext. 2004
    NMLS#: 703900

    Contact

    Jami Allen

    Northfield Office
    12225 North Highway 41
    Evansville, IN 47725

    (812) 469-9922 Ext. 5203
    NMLS#: 438814

    Contact

    Jeni Caudill

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1713
    NMLS#: 1444040

    Contact

    Zaida Clark

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1253
    NMLS#: 1008014

    Contact

    Shecari Seib

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1168
    NMLS#: 703899

    Contact

    Melissa Woodring

    Main Office
    4401 Theater Drive
    Evansville, IN 47716

    (812) 477-9271 Ext. 1117
    NMLS#: 1002076

    Contact

BETTER PROGRAMS. GUARANTEED SAVINGS.

You don’t have to be a teacher to take advantage of our services.
Simply apply online today to get started.

APPLY NOW

Click here for a list of our employees registered through the Nationwide Mortgage Licensing System (NMLS) as of March 22, 2017 9:13 am.

Loans are subject to credit review and approval. Closing costs may apply. A sample principal and interest payment on a (30)-year $150,000 fixed rate loan amount with a 4.250% interest rate (4.317% APR) is $737.91. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Actual interest rate may vary based on credit history. Visit etfcu.org/mortgagecalculator to calculate payments with other terms, balances, or rates.

1Rate Match Guarantee available for new purchases and refinanced first mortgage loans of primary residences with conventional conforming financing. Certain product exclusions may apply. Offer valid only for lenders compared in a physical location within 50 miles of any ETFCU office. Good Faith Estimate (GFE) and Truth in Lending (TIL) Disclosure from competing lender must be dated and received within three calendar days prior to locking your interest rate at ETFCU. The terms of the competing loan must be identical to ETFCU’s loan. If the loan does not close within the commitment period, the rate match may be voided. This offer is subject to credit approval and may change or terminate without notice. Offer is not applicable to government loans, including FHA, USDA, and VA financing. Rate includes Extra Credit Mortgage discount. Contact an ETFCU mortgage loan officer for further details.

2Purchase Plus $500 Visa Gift Card offer is available on conventional conforming financing of purchases for primary residences only. Offer is not applicable to government loans, including FHA, USDA, and VA financing. Not valid in combination with any other offer.

3Offer available for new primary mortgage loans and mortgage loans already established at ETFCU when refinanced with at least $10,000 new money. Offer is not applicable to government loans, including FHA, USDA, and VA financing. Closing costs may apply.

SmartMove Mortgage is subject to credit approval. No closing cost offer is available on first mortgage refinance transactions with 80% maximum loan-to- value. Standard closing costs apply to existing ETFCU mortgages refinanced within the last 12 months. Additional costs may apply if escrow and /or title insurance are required. Not available on manufactured homes. Actual interest rate may vary based on credit history. Rates and conditions are effective as of 6/23/2016 and are subject to change daily. Based on a $100,000 loan on a 180 month term, monthly payments at 3.290% with no closing costs would be $702.75 per month and a 3.250% APR. The rate cannot be locked until application approval. Property insurance required. Other restriction may apply. Equal Housing Lender.