Home Mortgage Loans
We’re here to guide you through your homebuying journey with mortgage options that fit your needs.
FIRST-TIME HOMEBUYER?
Our Mortgage Learning Center will help you gain a better understanding of the mortgage process – from prequalification to keys in hand.
PURCHASE ADJUSTABLE-RATE MORTGAGE
Membership Required
1. Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).
2. Eligibility by Company You Work for or Retired From
You currently work for or retired from a company in our list of participitating employers.
You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.
3. Eligibility by Organization You Belong To
You currently belong to or join an organization whose members we serve.
You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
4. Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.
Membership Required
1. Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).
2. Eligibility by Company You Work for or Retired From
You currently work for or retired from a company in our list of participitating employers.
You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.
3. Eligibility by Organization You Belong To
You currently belong to or join an organization whose members we serve.
You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
4. Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.
Benefits
- Conventional and Jumbo Loans – Find the right mortgage for your needs with fixed and adjustable-rate options for both conventional and jumbo loans.
- Flexible Down Payment Options – Pay as little as 5% down for conventional loans or 3% down for eligible applicants.*
- Simple Online Application – Compare mortgage options and apply in minutes with our streamlined quote and application process.
- Lifetime DCU Servicing – We’ll service your loan as long as you have it. No need to worry about making payments to a different lender or prepayment penalties.
Take the Next Step
Prequalification
Your dream home is still out there, and prequalification can get you one step closer – helping you make a strong offer when you find it.
Schedule an Appointment
Not sure where to start? Schedule a phone appointment with a Mortgage Loan Originator. They’ll help you with your new home purchase.
Mortgage Learning Center
Start your homebuying journey with tools, resources, and expert knowledge about the mortgage
process.
Find the Right Mortgage Option
FIXED-RATE MORTGAGE
- Lock in a low interest rate for the length of the loan.
- Your monthly principal and interest payments will never change.
- Designed for people who would like to stay in their home for the long haul.
ADJUSTABLE-RATE MORTGAGE
- Enjoy a low interest rate which adjusts periodically after the initial term.
- Monthly payments may increase or decrease as rate adjusts.
- This loan appeals to buyers who plan to move or refinance in the short term.
JUMBO MORTGAGES
- Mortgage financing for high-value home purchases.
- Available in both fixed and adjustable loan types.
- Specialized for those borrowing above conventional limits.
Mortgage Rates
- Fixed-Rates
- Adjustable-Rates
PURCHASE FIXED-RATE MORTGAGES
The advertised rates are for conforming loans with an example loan amount of $350,000 and are based on the loan assumptions noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
| Terms | Interest Rate | APR¹ | Points | EMP² per $1,000 |
|---|---|---|---|---|
| 30 Years Fixed | 6.125% | 6.300% | 1.500% | $6.08 |
| 20 Years Fixed | 5.750% | 5.948% | 1.250% | $7.02 |
| 15 Years Fixed | 5.375% | 5.602% | 1.125% | $8.10 |
| 10 Years Fixed | 5.125% | 5.447% | 1.125% | $10.67 |
PURCHASE JUMBO FIXED-RATE MORTGAGES
The advertised rates are for non-conforming loans with an example loan amount of $850,000 and are based on the loan assumptions noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
| Terms | Interest Rate | APR¹ | Points | EMP² per $1,000 |
|---|---|---|---|---|
| Jumbo 30 Years Fixed | 6.125% | 6.281% | 1.500% | $6.08 |
| Jumbo 20 Years Fixed | 5.750% | 5.923% | 1.250% | $7.02 |
| Jumbo 15 Years Fixed | 5.375% | 5.571% | 1.125% | $8.10 |
| Jumbo 10 Years Fixed | 5.125% | 5.403% | 1.125% | $10.67 |
¹APR = Annual Percentage Rate. Rates are based on current pricing and are subject to change at any time without notice. Rates are determined by certain factors, including loan amount, creditworthiness, loan-to-value (LTV), loan term, occupancy status, property type, loan purpose, property location, and lien position, so your rate could be higher. Advertised rates are based on the following loan assumptions – a purchase of a single-family, owner-occupied residence, with an LTV of 60% or less, a credit score of 740 or higher, based on a loan term displayed above, and the loan will be a first lien. Additional loan programs are available. Mortgage insurance may be required depending on loan guidelines. All loans are subject to approval, other conditions may apply.
²EMP = Estimated Monthly Payment is for principal and interest per $1,000 borrowed.
Membership Eligibility
1. Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).
2. Eligibility by Company You Work for or Retired From
You currently work for or retired from a company in our list of participating employers.
You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.
3. Eligibility by Organization You Belong To
You currently belong to or join an organization whose members we serve.
You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
4. Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.
You’re an owner, not a number.
DCU is a not-for-profit, member-owned credit union that puts you first. And unlike banks, we don’t answer to the needs of stockholders.
Community Involvement
DCU takes pride in sponsoring and participating in charitable, educational, and other community events – from providing college scholarships to supporting local non-profits.
Better rates and lower fees.
As a credit union, DCU returns its profits to members by keeping fees to a minimum, loan rates low, and offering higher-than-average interest rates on savings.
Financial Education
From childhood through adulthood, DCU has the tools and resources members need to better manage their finances.
* Only available with Fixed-Rate Mortgages – 1-unit owner occupied purchase transaction of primary residences are eligible for this 30-year program with lender paid mortgage insurance. Borrowers cannot own additional residential property at closing. Not available for Jumbo Mortgages. Other terms and restrictions apply. Back to eligible applicants ^
