1st Mortgages

ElecTel Cooperative FCU is here to help make your dreams come true … including the American dream of home ownership.  True value in a mortgage program combines very competitive financing rates with first-rate service.  And working with our mortgage partner, Homeowners Mortgage, ElecTel Cooperative FCU's first mortgage loans are second to none in value.

Purchasing a new house, refinancing your existing home, buying a second home … no problem.  We are here to serve you.  Home ownership the ElecTel Cooperative FCU way … an unsurpassed value

What Loan Type Best Suits Your Needs?

Simply put, conforming loan types are those that, for the most part, incorporate traditional underwriting standards. While there are, of course, exceptions to this "rule of thumb," it generally holds true. Most non-conforming loans, on the other hand, have been designed to meet the special needs of borrowers with "non-standard" circumstances.

The ElecTel Cooperative FCU/Homeowners partnership offers you a wide variety of both conforming and non-conforming loan types. Our objective is to find the loan that is the "best fit" for you. We’re confident we can do just that.

Contact us today at 1-800-849-5600 or by email for current interest rates. Or call Homeowners Mortgage at (866) 231-3220 or click here for all of their available mortgage products!

There is a dizzying array of mortgage loan types in the marketplace these days. It seems that some combination of rate and terms is available to suit the needs of nearly every borrower. Nevertheless, mortgage loans are still typically divided into two broad categories … (1) conforming and (2) non-conforming.