Fixed Rate Home Equity Loan
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Closed-end second mortgage secured by the equity in your home.
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Requires appraisal, property search, flood zone certification, and recording of documents
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Loan disbursement will be made after a three business day waiting period after all documents have been completed and signed.
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Rates are determined by your personal credit score and length of loan you choose.
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Variable Rate Home Equity Loan
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Revolving line of credit secured by the equity in your home.
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Requires appraisal, title search, flood zone certification, and recording of documents
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Loan disbursement will be made after a three working day waiting period after all official papers have been completed and signed.
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The rate is the sum of the index and a margin.
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The index is Wall Street Journal Prime Rates and the margin will be determined by your personal credit score.
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Access the line by loan draft, on the internet or stop by one of our offices.
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SAVE EVEN MORE ON YOUR FIXED RATE HOME EQUITY LOAN!
½% APR discount for direct deposit into a DFCU share draft account and automatic payments.
More information available here.
APR= Annual Percentage Rate
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