If you are interested in a loan term less than 15 years, please call ELFCU's Mortgage Hotline at 317.277.8226 or 800.561.9433.

We've got mortgages to suit your budget, goals, and long-term financial plan. Available products and terms include:

• 1st time homebuyer program
  95% financing available*
  No Private Mortgage Insurance (PMI) required
  Loan amounts up to $200,000
  Competitive rates
  Single family primary residences only
• Fixed rate mortgages with 40, 30, 20, 15, 12, 10, 7, or 5-year terms
• Adjustable-rate mortgages
• Jumbo mortgages from $417,000 to $3.5 million**
• Lot loans*
  Unimproved residential lots
  Finance up to 80% of the lot value
  15 year maximum term
  Loans up to $417.000

To apply for a mortgage now or for rate information, stop by any ELFCU branch, complete our online application, or call a Mortgage Loan Officer at 317.277.8227 or 800.561.9433.

NOTE: There is a non-refundable application fee of $75.00 (to be applied toward your closing costs when your mortgage closes with the credit union.)

*If the property is located in a declining market area then the maximum LTV could be as low as 90%. States such as Florida, California, Michigan, Arizona, and Nevada are declining market states. So home purchases in these states will be looked at with a maximum LTV of 90%. Other areas around the country are also in declining markets. Contact your credit union for more information.

**Please contact a First Mortgage Loan Officer for rate information regarding construction loans, residential lot loans, or jumbo loans. State specific and Title Insurance fees may apply.