Dow Chemical Employees’ Credit Union

 
 

Affordable Rates and Easy Terms

DCECU offers Conventional Fixed Rate First Mortgages, Balloon First Mortgages and Home Equity Loans on primary Michigan residences. In addition, DCECU offers Conventional Fixed Rate First Mortgages and Balloon First Mortgages on secondary Michigan residences.


Rates effective as of

Conventional Fixed Rate First Mortgage(Not Eligible for Rebate)

Rate
as low as
APR*
as low as
Maximum Percentage Financed** Maximum Term Maximum Loan
% % 95% 10 years $417,000
% % 95% 15 years
% % 95% 20 years
% % 95% 25 years
% % 95% 30 years

back to topConventional Fixed Rate First Mortgage

Rate APR* Maximum Percentage Financed** Maximum Term Maximum Loan
% % 95% 10 years $750,000***
% % 95% 15 years
% % 95% 20 years
% % 95% 25 years
% % 95% 30 years

back to topBalloon First Mortgage

Rate APR* Maximum Percentage Financed** Maximum Term Maximum Loan
% % 95% 5 years $750,000***
amortized
up to 30 years
% % 95% 7 years

back to top“Prime Home Equity” Line-of-Credit

Rate APR* Maximum Percentage Financed Maximum Term Maximum Loan
%¥ %¥ 90% Open Term $100,000

back to topSingle Advance Home Equity

Rate APR* Maximum Percentage Financed Maximum Term Maximum Loan
% % 90% 5 years $100,000
% % 90% 10 years
% % 90% 15 years
(Rates are subject to change without notice.)

 

* APR = Annual Percentage Rate. APR based on a no point $100,000 loan with 80% loan-to-value. APR for Balloon Mortgages are based on a 30 year amortization.
** Purchase of Private Mortgage Insurance (PMI) required for financing above 80%. Some limitations may apply.
*** For loan amounts above $417,000, add % to the rate.
Certain loan limitations may apply.
¥ Varies quarterly based on the Wall Street Journal® prime rate + 0% in effect on the 25th of the month preceding the end of the calendar quarter.
Interest rates are based on member's credit score.
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