How can I get pre-approved for a mortgage loan?
To get pre-approved for a mortgage, apply online by visiting our Mortgage Loan page or contact a member of our mortgage team at 800.482.0049.
See all Mortgage Loan FAQ topics below.
Yes, applying for a mortgage loan before you find a home may be the best thing you could do. When you qualify for a mortgage loan, we will issue a prequalification letter. You will use this letter to assure real estate brokers and sellers you are a qualified buyer. When you find your dream home, apply today by visiting our Mortgage Loan page or contacting a member of our mortgage team at 800.482.0049.
How are mortgage rates determined?
Mortgage interest rates fluctuate based on a variety of factors, including inflation, the pace of economic growth, and Federal Reserve policy.
Over time, inflation has the largest influence on the level of interest rates. A modest rate of inflation will almost always lead to low interest rates, while concerns about rising inflation normally cause interest rates to increase. Our nation's central bank, the Federal Reserve, implements policies designed to keep inflation and interest rates relatively low and stable.
Over time, inflation has the largest influence on the level of interest rates. A modest rate of inflation will almost always lead to low interest rates, while concerns about rising inflation normally cause interest rates to increase. Our nation's central bank, the Federal Reserve, implements policies designed to keep inflation and interest rates relatively low and stable.
We do not offer reverse mortgages. However, Enrichment offers other great home loan options, including home equity lines of credit. Visit our Mortgage Loan page or contact a member of our mortgage team at 800.482.0049 to learn more.
Does EFCU offer property loans?
Enrichment offers loans on undeveloped property. Visit our Mortgage Loan page for more information or contacting a member of our mortgage team at 800.482.0049.
What are closing costs?
Closing costs generally include title insurance, flood certification and an appraisal. To request details, contact a member of our mortgage team today at 800.482.0049.
Does Enrichment offer construction loans?
Enrichment offers loans for the construction of your new home, with twelve months to build. Visit our mortgage loan page for more information or contacting a member of our mortgage team at 800.482.0049.
