REAL ESTATE LOANS

Are there closing costs associated with a second mortgage loan?
Closing costs on second mortgages vary as to whether the loan is open-end or closed-end, what the loan-to-value is, and what the loan product is, among othe...
Thu, 23 Feb, 2023 at 10:40 AM
Can I change insurance companies for my homeowner's policy? Does the Credit Union need to know?
For EECU loans. we accept coverage from many insurance companies. If you choose to replace your current coverage please send your replacement policy to Educ...
Thu, 23 Feb, 2023 at 10:42 AM
Can I delete my escrow account?
Educational Employees Credit Union does not currently offer escrow accounts since EECU’s real estate-secured loan products are at a loan-to-value ratio of 8...
Thu, 23 Feb, 2023 at 10:44 AM
Can I get a copy of my appraisal?
Yes. You will receive a copy of your appraisal.
Thu, 23 Feb, 2023 at 10:45 AM
Can I pay my own real estate taxes and homeowners insurance?
Yes. You will pay your own taxes and insurance for all EECU products. However, if the loans is offered through our relationship with CU Members Mortgage, de...
Fri, 17 Jan, 2020 at 4:08 AM
Can I roll my closing cost fees into my loan?
Yes, if you are refinancing your loan and you have sufficient equity. For more information, refer to the Mortgage and Home Equity Line of Credit page on our...
Thu, 23 Feb, 2023 at 10:48 AM
Can the payment date on my mortgage loan be other than the first of the month?
No. Unfortunately, this is the only payment date available at this time.
Thu, 23 Feb, 2023 at 10:49 AM
Can the payment on my Home Equity Line of Credit be other than the first of the month?
No. Unfortunately, this is the only payment date available at this time.
Thu, 23 Feb, 2023 at 10:50 AM
Do I need to provide you with proof of my homeowners insurance?
Yes, you must provide proof of one year full coverage at the time of closing the purchase of a new home. If the transaction is a refinance, it is sufficient...
Thu, 23 Feb, 2023 at 10:51 AM
Do you offer JUMBO Loans?
We offer a 30-year fixed rate JUMBO loan on owner occupied/primary residences. We also offer JUMBO loans through our relationship with Wescom Credit Union, ...
Thu, 23 Feb, 2023 at 10:52 AM