Loans

We provide a variety of home loan products to meet your needs, whether it is a First Mortgage Loan, Second Mortgage Loan, or a Home Equity Line of Credit we can help. We want to be your one stop shop for mortgages.

First Mortgage

Purchasing or refinancing a home is an important decision. The Credit Union can help you make the right one. You have questions on rates, payments, terms, programs costs and we have answers. Let us help you save money and feel confident that you are getting the best deal. To help give you more first mortgage options and added convenience, we have partnered with
CU Members Mortgage.

 

Rates on First Mortgages are low!

Contact us at 228-1614 to see if NOW may be the right time to refinance!

• We use CU Members Mortgage to underwrite all First Mortgages (new purchase, rate and term refinance and cash out refinance)
• FHA, VA, Conventional, Jumbo
• Fixed Rate, ARM
• First-Time Homebuyer / *Welcome Home Program
• Construction Loans
• Servicing Retained by Colonial Savings
• Short term and long term loans available
• Application to closing generally takes approximately 30 days
• Property may be located anywhere within the United States
• Primary owner-occupied, vacation home or owner occupied 1-4 family dwellings
• Closing costs vary based on loan amount
• Maximum loan to value (LTV) is 100%-certain restrictions apply
• Easy Automatic payment option
• Save thousands on interest and years off your mortgage with our Bi-weekly payments option

First Time Homebuyers could qualify for a $5,000 grant!

• $5,000 Welcome Home Grant for First Time Homebuyers; income restrictions apply.
• The Welcome Home Program is a way to assist members with their down payment and closing costs when purchasing a home. This is a chance for home buyers to receive up to $5,000 toward their down payment and or closing costs to make buying a home a little more affordable. If you are in the market for a home, call the credit union today. Reservations for the Welcome Home Grant start March 1st and funds are usually depleted by Summer. This is a tremendous opportunity for anyone who has ever dreamed of owning a home. You must meet certain income requirements and certain restrictions apply. Funds for this program will go fast. Call 228-1614 today!
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Home Equity Loans

Using the equity in your home to help you complete home improvements, buy a car, pay tuition or pay off debt, can be a smart, low rate option. The credit union can help you with low rates, easy application and a plan to achieve what you want so you and all your equity get the most bang for your buck. We have both a fixed rate second mortgage and variable rate Home Equity Line of Credit (HELOC) to fit your borrowing needs. Your loan interest may even be tax deductible (consult your tax advisor for more information.)

Second Mortgage

 

Get a 5 year fixed second mortgage as low as 4.0% APR!*

*APR=Annual Percentage Rate. Rates based on credit, term and relationship discounts. Rate quoted based on a 5 year term and 5 qualified relationship discounts. Other rates and terms available. Rates subject to change. Home owners insurance required and closing fees may apply. Contact the credit union for more details.

Our Second Mortgage is a closed end fixed rate loan secured by the borrower's residential property or can be used on non-owner occupied properties.

• Application appointments available- call today or apply online
• Loan amounts:
• Minimum loan amount is $5,000
• Maximum is $150,000

Choice of Flexible repayment terms available- terms based on LTV and loan amount

• Rate:
  • Is based on LTV, term and credit
  • Each of the following DFFCU relationships add additional savings of .10% to stated rate: (1) savings balance greater than $2,000; (2) checking account; (3) direct deposit; (4) MasterMoney Debit Card; (5) DFFCU VISA Credit Card with balance
• Property must be located in the state of Ohio
• No penalty for early payoff
• Closing costs range from $250-450-depending on documentation needed for loan
• Easy Payroll Deduction Option/Automatic pay
• Access to your account information 24/7 via Online Banking and HAL
• Online E-statement of account
• Personal assistance to structure loans to benefit you

Home Equity Line of Credit (HELOC)

A HELOC is a variable rate line of credit secured by your home. It is a great option when you want to access the equity in your home again and again.

• Application appointments available- call today or apply online
• Easy Access to Funds; HELOC Credit Card or Convenience Checks
• Minimum line is $5,000; maximum line is $100,000
• Financing limits are based on Loan to Value (LTV):
  • Property must be:
  • Located in the state of Ohio
  • Primary owner-occupied
• Rate:
  • Variable-Annual percentage rate may vary throughout the repayment of this loan
  • Based on the Prime Rate and LTV
  • Minimum rate is 4% APR; Maximum rate is 18% APR
• Payment is 2% of balance or $100; whichever is greater
• $25 annual fee will be waived for balances over $5,000
• Closing costs range from $250-450-depending on documentation needed for loan
• Auto pay available
• Statements and balance available online via EZ Card INFO