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Deserving individuals, like Dover Federal Credit Union AWESOME Members, should have access to affordable Home Ownership opportunities. From buying your first home to maximizing its' value by making improvements with a Home Equity loan, Dover Federal has a Home Loan to fit your lifestyle.
A Dover Federal Home Loan offers:
- Convenient repayment terms
- Ability to borrow up to 80%LTV*
- Fixed` and variable' rates
- NO prepayment penalties
- NO Appraisal Fees^ on Approved and Funded Home Equity Loans and Lines of Credit
Consolidate and pay off your existing mortgage with a 10 year Equity Advantage^ loan. With an extremely low fixed rate`, equal monthly payments and terms up to 120 months, an Equity Advantage is an AWESOME solution to helping homeowners become ‘mortgage free’, sooner than later. Unlike a traditional Home Equity Loan, an Equity Advantage requires a first lien position with the ability to borrow up to 80% LTV*.
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 80% LTV* of the equity in your home.
Home Equity Line of Credit
Enjoy access to cash when you need it, with a variable' rate Home Equity Line of Credit (HELOC). A HELCO provides peace of mind and affordable solutions for home owners.
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
^No Appraisal Fees on Home Equity loans and HE Lines of Credit applications received and funded between 4/1/18-6/30/18. Fee waived at time of loan funding. Dover Federal Credit Union reserves the right to terminate the program at any time. Offer Subject to membership eligibility and credit approval. Refinancing of DFCU loans is available with a balance increase of $5,000 or more. Offer is valid for a limited time only. The advertised annual percentage rate may vary based on creditworthiness,and terms. The advertised rate is a fixed annual percentage rate` for a loan term of no more than 10 years (120 months), requires a first lien position against your home, and 80% 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.
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 http://www.nmlsconsumeraccess.org 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.
This is a great credit union. The employees are friendly and do their job well. The rates are great and the fees are low. I will never use a regular bank again!
Barbara - Hartly, DE