Mortgage Rates

Rates effective as of 3/31/2023

Printer FriendlyClosed End Home Equity Loan

APR4 Max Fixed Term Max Variable Term Max CLTV
As low as 5.49% APR 60 Months N/A <=80%
As low as 6.24% APR 120 Months N/A <=80%
As low as 7.24% APR 180 Months N/A <=80%
As low as 6.24% APR 60 Months N/A >80% <=90%
As low as 6.99% APR 120 Months N/A >80% <=90%
As low as 7.99% APR 180 Months N/A >80% <=90%

Rates effective as of 3/31/2023

Printer FriendlyHome Equity Line of Credit

APR5 Max Fixed Term Max Variable Term Max CLTV
As low as 8.50% APR N/A N/A <=80%
As low as 9.00% APR N/A N/A >80% <=90%

Rates effective as of 3/31/2023

4Home Equity Loans must be for a primary Michigan residence or a secondary lien on a Michigan vacation home and must be owner-occupied. Property, title and/or flood insurance, if applicable, are required. APR = Annual Percentage Rate. CLTV = Combined Loan To Value. Fixed-Rate Home Equity Loan: NO Annual Fee.

5Variable Rates: The Annual Percentage Rate (APR) is determined by the sum of the Prime Rate as listed in the Money Rates table of the Wall Street Journal (index) plus a margin of at least 0.75% on Home Equity Lines of Credit and 10.50% on Personal Lines of Credit, and is subject to change the first day of each month. Any change in the APR will take the form of additional payments of the same amount. The maximum APR that can apply is 25.00% or the maximum permitted by law, whichever is less. Late Fee: if your payment is more than 15 days late you will be charged a $20 late fee. Home Equity Line of Credit Annual Fee: $50; Personal Line of Credit Annual Fee: $25. We do business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act.

8Mortgages: DFCU Financial does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. DFCU Financial is an equal opportunity lender. All home lending products are subject to credit and property approval. Rates and program terms and conditions are subject to change without notice.

Equal Housing Opportunity
NCUA
 

NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

 

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*APY = Annual Percentage Yield. Paid and compounded quarterly. Dividend rates are determined by the principal balance when your certificate is opened. Dividend payments will not affect the dividend rate during the term even if the minimum balance for the next tier is met. Rates subject to change without notice at any time. Penalties may apply for early withdrawals. DFCU Financial deposit products are insured by the NCUA.

DFCU Financial - Copyright © 2023 - Dearborn, Michigan - All rights reserved

While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2007, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $10,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA, and that it be open when Cash Back is deposited. Cash Back to Commercial / Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.