Help Guide to Mortgage Loans at DCECU

DCECU strives to be the preferred home lender for its members through
competitive rates and flexible repayment options.

Apply for a Mortgage Loan

DCECU offers the following types of mortgage loans:
  • First Mortgage (Eligible for Rebate)
  • First Mortgage (Not Eligible for Rebate)
  • Balloon Mortgage
  • Prime Home Equity Line of Credit
  • Home Equity Single Advance
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    Guaranteed Lowest Rate
    DCECU guarantees the lowest rate offered between application and closing provided closing occurs within 3 weeks of the approval date, excluding non-rebate eligible Conventional Fixed Rate First Mortgage products.

    Maximum Loan Amount
    DCECU can lend up to $750,000 on first mortgage loans* and up to $100,000 on home equity loans.

    * Some limitations apply.

    Loan Interest Rebate
    DCECU first mortgage* and home equity loans are eligible for a potential rebate of interest at year-end. While year-end rebates occur with great regularity, this additional credit union benefit is not guaranteed. [more information]

    * Some limitations apply.

    Affordable with Low Down Payment
    First time home buyer? DCECU offers low down payment options with the purchase of Private Mortgage Insurance (PMI). This is available on all first mortgage loan types.


    Applying for a Mortgage Loan

    Applying for a Mortgage loan with DCECU is easy!
    Stop by our office or call our Mortgage Department at (989) 835-7794 or
    (800) 835-7794 Monday - Friday 7:30 p.m. - 5:30 p.m. ET.
    Or,
    Apply For A Mortgage Online 24 Hours A Day, 7 Days A Week! You can apply for a mortgage or equity loan from Dow Chemical Employees’ Credit Union online at www.dcecu.org. Simply log into Cyber Connection Internet banking, go to the "Loans" tab, and click on "Mortgage Loan Application". It’s fully secure and user-friendly!