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With great rates and flexible options, you can use your home’s equity to help you get there!


Home Loan

Start your application now and use your home's equity to finance life's major purchases.



Our Home Equity & Land Loans

Learn more about our products below.


Deserving individuals, like Dover Federal Credit Union AWESOME Members, should have access to affordable Home Ownership opportunities. Maximize your homes value by making improvements with a Home Equity loan. We have a Home Equity Loan to fit your lifestyle.

A Dover Federal Home Loan offers:

  • Convenient repayment terms
  • Ability to borrow up to 100%LTV*
  • Fixed1 and variable2 rates
  • NO prepayment penalties


New Home Couple


Your Choice Home Equity Loan

Your Choice is a new choice for a home equity line of credit. With this flexible loan, you can consolidate all of your loans into one easy-to-manage monthly payment.* Use the equity in your home to make what's next easier.

Your Choice Benefits

  • Use the segment feature and lock-in your line of credit rate as many times as you'd like within the draw period
  • No maximum or minimum segment lock amount
  • No fee to lock-in balance
  • Lock-in up to 2 loan segments at a time
Your Choice Home Equity Loan - Example


Home percentage rate icon Home Equity Loan

Take advantage of all your home has to offer with a Home Equity Loan. With a fixed rate, equal monthly payments and terms up to 240 months, a Home Equity Loan will provide you the cash you need. Turn your house into a home, when you use a Home Equity to borrow up to 100% LTV* of the equity in your home.


Land Loan Icon Land Loans

Purchase the perfect location for your home, with a Dover Federal Land loan. Borrow up to 80% loan-to-value on unimproved (raw land) for up to 12 years! Let your dream home begin with Dover Federal.

Get the Right Mortgage

Whether you are buying your first home or investing in a second home, Dover Federal Credit Union and their Mortgage partner, Member First Mortgage, offer a variety of Mortgage products with EXTREMELY LOW-interest rates, that make the American Dream of home ownership a reality.



Get Started Today!

Dover Federal Credit Union has a team dedicated to helping you meet your financial goals.  
Eligible members can visit any branch location where a Dover Federal employee will gladly assist you.
Call 302-678-8000 or 888-818-3328 or

Apply Online Now

The advertised annual percentage rate may vary based on creditworthiness and terms. 1The advertised rate is a fixed annual percentage rate for a loan term of no more than 12 years (144 months), requires a first lien position against your home, and 100% LTV* (Loan to value). The stated rate for the 1st Lien Home Equity loan is discounted which includes: a requirement of automatic loan payment transfers, direct deposit of net pay and a checking account for .50% discount.  APR= Annual Percentage Rate, subject to change.  Home Equity Lines of Credit are variable-rate loans. Rates are based on an evaluation of credit history, CLTV (combined-loan-to-value) ratio, loan amount and occupancy, so your rate may differ. The plan has a maximum APR of 18%.  Under no circumstances will the APR go below the floor during the term of the loan .  Rate may adjust monthly with the Prime rate as published in The Wall Street Journal. We will use the most recent index value available to us as of 10 days before the date of any annual percentage rate adjustment. Dover Federal Credit Union is not affiliated with any promotional partner and by offering any discounts or incentives for any promotional partner does not recommend, endorse, warrant or guarantee any goods or services provided by such promotional partner. You may have to pay certain fees to third parties to open the plan. These fees generally total between $150 and $2,000. You must carry insurance on the property that secures this plan.

*Credit is subject to approval. This account provides the option to convert some or all of the outstanding balances from a variable APR to a fixed APR during the draw period for terms from 5 to 20 years. Terms and conditions apply. See credit union for details.

Refinancing of existing Dover Federal Loans may not be available.  The Fair Housing Act, makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check here for more information. Consumer access to the Nationwide Mortgage Licensing System and Registry. A list of current Dover Federal Mortgage Loan Originators is available upon request. Consumers may access the registry via the web at NMLS consumer access or they may contact the NMLS Call Center at (240) 386-4444.  The latest HMDA data about our residential mortgage lending, as modified by the Consumer Financial Protection Bureau to protect applicant and borrower privacy, is available online for review on the Bureau’s website at  www.consumerfinance.gov/hmda . A paper copy can be obtained by submitting your written request to Dover Federal Credit Union, 1075 Silver Lake Blvd, Dover, DE 19904.