E&A offers a fixed-rate installment loan that is secured against the equity in a primary residence. These loans provide members with the option of a fixed interest rate and term as well as an alternative to a home equity loan.

We lend up to 100% of the equity (double the SEV), less outstanding mortgage and equity-secured loan balances. Minimum mortgage amount is $5,000 and is not available for construction, FHA, VA or MSDHA mortgages.

Terms for repayment are available up to 15 years, and the low fixed rate is calculated only on the unpaid balance. Members may reduce interest cost by making extra payments without charges or penalties. Consult your tax advisor to determine if interest is tax-deductible. Origination/application fees are not required. However, appraisal fees are paid by the member.