Purchase or Refinance your Dream Home with DCFCU. Home Ownership has many benefits, but the road to buying a home or refinancing your existing mortgage is sometimes complicated and overwhelming. Visit us first, for our Free Pre-Approval Service. DCFCU offers a variety of options and we believe in educating our members about their choices.

Deal with a Local, reliable lender, whom you trust. We will lock in your rate at NO ADDITIONAL CHARGE. We offer up to 95% financing, some conditions apply. Our Mortgage Officers will be happy to answer any questions and guide you through every step of the this complex, but rewarding process.
*Application fee and Apraisal fee are payable at application.  All other costs paid at closing

Fixed Rate Mortgages (15 year term)
Your monthly payment, the principal and interest, are fixed for the life of the loan. This is a great option for buyers who want to know exactly what their monthly payment will be. Your interest rate (apr) will never change.

RATES AS LOW AS 5.25% APR.  Your individual rate (apr) will be determined based on your credit score.

Adjustable Rate Mortgage ARM (30 year term)
The principal stays fixed, but the interest rate (apr) portion of you payment may vary based on current rates. DCFCU offers a low first year discount rate.  This rate may increase yearly, but never any more than 2% per year. Also, the interest rate (apr) will never increase by more than 5% over the original rate for the entire life of the contract.

This is an excellent time for members to take advantage of current low rates, especially the low introductory rate. Also this is a great option for buyers who are purchasing their "starter" homes or buyers who are planning on moving after some years to come.

CURRENT DISCOUNTED RATE: 6.00% APR (first year) (zero points)
CURRENT ADJUSTABLE RATE: 7.00% APR

A Credit Union Home Equity Loan: Your key to New Borrowing Power ! Let your home work for you. Members can use the equity they have in their home for borrowing funds for home improvements, college tuition, consolidate bills, finance your next new or used vehicle or any other good purpose.

CURRENT RATE 7.00% APR (rates updated every Tuesday)
One-time fee $100. 6.00% apr- Introductory Rate with initial draw of at least $10,000

The minimum loan shall be no less than $5000.00 and the maximum loan shall not exceed $100,000. The maximum amount loaned shall not exceed 75% of the appraised value of the real property less existing mortgage balance or other encumbrances or leins.

The APR shall vary, current rate is 7.00% APR as of 10/27/02. Rates will be determined by adding no less that 425 basis points (4.25%APR) to the last 26 week Treasury bill rate. The maximum APR will be 15% and minimum will be 7%. The APR will be adjusted annually in July of each year. Decreases & Increases in the APR will be limited to 200 basis points (2%APR).

DCFCU Home Equity Loan Features & Benefits: Competitive Rates, No hidden costs or yearly fees, 10year open line of credit, experienced staff to assist you, track progress of your loan from application to closing on the internet 24 hours day or night.

Repayment of Home Equity lines of Credit will be $14.00 per month for each $1,000.00, minimum payment of $50.00. Minimum advance amount $1,000.00.

All costs incurred are paid by the applicant. The cost of the appraisal is payable when the application for loan is submitted. All other fees and costs may be paid at closing.

Contact our Mortgage Department for more information.

Looking for a manufactured (mobile) home?  We have a deal for you!

New:

Finance under $25,000-- 100% purchase price--10%apr -- 5 year balloon with 10 year amortization

Finance $25,000 and up-- 15% down --appraisal required-- 180 month term

Used:

Finance under $25,000-- 15% down-- Appraisal required-- 5year balloon with 10 year amortizaton

Finance $25,000 and up-- 15% down- appraisal required-- 180 month term