First Mortgages Homeownership is the American dream. With so many options and so many lenders available in today's marketplace, it's important to pursue a deal that's right for you with someone you can trust. Forget the games and anxiety that come with home financing and let Dade County Federal Credit Union make your dream of owning a home a reality. With no hidden fees, gimmick rates and terms, and the best rates and terms available, DCFCU proudly offers competitive fixed and adjustable rates for purchases and re-financing. Simply call (305)471-5080 and we'll get you started down the road to homeownership in no time at all. Click here to apply for a Real Estate Loan Use our handy mortgage caluclator located below to learn more about what your payments would be when you commit to owning a home with a DCFCU mortgage. ________________________________________________________________________________________________ Special Promotion Going on Now! Let us bring that ski-high mortgage down to earth. You don't need a federal bailout.... all you need is Dade County Federal! Low Rates Now Available!* For more information please call us at (305) 471-5080.
*Direct deposit with DCFCU and Share Draft checking account required. Rate and down-payment requirement based on credit evaluation. Offer is subject to change without notice and cannot be combined with any other offer. _________________________________________________________________________________________________ DCFCU Offers FHA Loans! The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are: Minimal Down Payment and Closing Costs - Down payment as low as 3.5% of sales price.
- Gift for down payment and closing costs allowed.
- No reserves are required.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines - Credit Scores of 620 and Higher Considered.
- FHA may allow a home purchase two years after a Bankruptcy.
- FHA may allow a home purchase three years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines - Higher Debt Ratio's than other home loan programs.
- Less than two years on the job is allowed.
- Self-Employed individuals can qualify.
- FHA SECURED is an option that gives Homeowners with Non-FHA adjustable rate mortgages (ARMs) the ability to refinance their loans.
These advantages of the FHA loan program have made it one of the best options for most first time home buyers. You do not have to be a first time buyer to obtain a FHA loan. Anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time. · Remind your friends and family that they do not have to be a current member of Dade County Federal Credit Union to apply. If you have any questions about our FHA program, please do not hesitate to call our mortgage counselors at 305-471-5080. _____________________________________________________________________________________
*Payment calculator results are subject to final review and do not include taxes, PMI (if required) or other expenses.
________________________________________________________________________________ DCFCU Now Offers VA Loans! We offer Up to 100% financing (No Down Payment) and competitive Rates! Contact a Mortgage Counselor at 305-471-5080 today for more information! ___________________________________________________________________________
Home Equity Loans For those who already own a home, Dade County Federal Credit Union also offers a variety of options for when you decide to borrow against the equity in your home featuring both fixed and variable rates, no hidden fees, and quick closings. Click Here to Apply for a Home Equity Loan
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DCFCU Home Equity Rates as of 11/05/09 | |
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Program | |
Repayment Terms | |
APR* | |
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Fixed Rate Home Loan** | |
Up to 15 years | |
As low as 6.00%*** | |
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Home Equity Line of Credit** | |
Up to 240 months | |
As low as 4.50%*** | |
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*APR= Annual Percentage Rate
** No closing cost options are available.
***Home Equity Line rates expressed above are based on the prime rate at 3.25% as of December 19th 2008 based on Wall Street Journal Prime Rate Index. Maximum rate that may be assessed 18%. The Home Equity line of credit is a variable rate loan tied to Prime Rate. Closing Cost if applicable; is approximately 1.5% of the loan amount. Average closing cost for a $50,000 loan are estimated at $700 to $750. Home Owners Insurance is required and Flood Insurance is required if property is located in a Flood Zone. Rates and terms subject to change without notice.
Your final rate may be different than what is shown above and is dependent on your credit score and other factors. For up-to-date rates 24 hours a day, simply call Tellerline 24 at (305)471-5335 or (800)696-5962. |
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