Whether you’re buying a starter home or a vacation home – or even thinking about refinancing – DCECU can make getting a mortgage quick, easy and affordable. We offer:
Your mortgage needs can vary, which is why we offer both fixed- and adjustable-rate options.
With predictable monthly payments for the life of the loan, DCECU’s Fixed Rate Mortgage3 is a great option for many members.
Not planning to stay in a home for a long period of time? Consider an Adjustable-Rate Mortgage (ARM)3,4. This mortgage allows you to make a lower monthly payment and build equity in your home faster than a higher fixed rate mortgage. Our Adjustable-Rate Mortgages have a mix of a fixed rate period and an adjustable-rate period.
In addition to affordable rates and easy terms, some of our mortgage loans are eligible for the potential year-end Member Giveback and Loan Interest Rebate5.
Membership eligibility required. Loans subject to approval based on creditworthiness of applicants and collateral conditions. Limited to developed, non-agricultural, non-income producing homes located within Michigan. Other loan limitations may apply. ↩︎
Conditional upon completed application and required documentation being provided by the applicant. ↩︎
Purchase of Private Mortgage Insurance (PMI) required for financing above 80%. Some limitations may apply. ↩︎ ↩︎2
After the initial period, your interest rate can change annually based on changes in the LIBOR index. Other terms and conditions may apply. ↩︎
While year-end rebates and rewards occur with great regularity, this credit union benefit is not guaranteed. ↩︎
Qualified borrowers may be able to lower their interest rate at DCECU.
Effective: 01/24/2020 9:03 AM EST
NMLS numbers for DCECU & our loan officers
Mortgage Loan and Home Equity Loan Credit Granting Criteria
How to escalate a dispute regarding Mortgage Servicing
