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DLFCU's Home Equity Line of Credit features:
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No Payments for 6 months2
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Convenient VISA GOLD card for transactions
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Line of credit up to $100,0003
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No Cash Advance Fees and No Prepayment Penalties
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Rates Always Below Prime1
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*Normal Credit Requirements apply. 2Interest accrues during the first 6 months. 3Depending on the Loan-To-Value of the home. 4Closing costs are waived on loans above $15,000. 5Consult a professional tax advisor.
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If you have considered taking advantage of the equity you’ve acquired in your home with a Home Equity Loan, you’ll want to lock in the best deal possible while rates are still at historical lows!
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With a Home Equity Loan from DLFCU, you will be able to get cash out of your home to consolidate your debts, fund a home improvement project, or for any purpose. You could get up to 100% of the value of your home at a low, fixed rate* for terms up to 20 years. Plus, DLFCU members pay No Closing Costs†on any Home Equity Loan and the interest may be tax deductible!**
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Or, you could get up to $100,000 with a Home Equity Line of Credit and pay No Closing Costs†and make No Payments for the first 6 months. You’ll always have access to the money in your Home Equity Line of Credit with your Gold VISA card to use for transactions anywhere you see the VISA logo. Plus, there are never any cash advance fees!
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Apply today and lock in a great deal on a Home Equity Loan through DLFCU before rates start to rise! Just call a Member Service Representative at (888) 369-2207, stop by our main facility or one of our Financial Resource Centers or apply online at www.dowlafcu.org and get instant approval in most cases.**
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*Rate determined by creditworthiness. Normal Credit Requirements apply.
**Consult a tax advisor for tax implications.
†With required $15,000 minimum initial draw.
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SECOND MORTGAGE LOAN
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Member Pays No Closing Costs!†
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Low fixed rates with a variety of terms (up to 20 years)
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Borrow up to 100% of the value of your home2
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$15,000 Initial Credit Extension
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Free ePalHome Banking and Bill Payer
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Interest may be tax deductible3
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APPLY NOW!
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HOME EQUITY LINE OF CREDIT
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Member Pays No Closing Costs!†
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Low Intro Rates
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No Payment For 6 Months
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Credit Limit of up to $100,0002
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$15,000 Initial Credit Extension
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Always below PRIME!1 (5.5% floor applies)
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Free ePalHome Banking and Bill Payer
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Interest may be tax deductible3
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Convenience Checks & Gold VISA Card
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APPLY NOW!
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EXTRA EQUITY LOAN
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Member Pays No Closing Costs!†
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Borrow up to 125% of the value of your home2
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Lock in a Fixed Rate for the duration of your loan1
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Free ePalHome Banking and Bill Payer
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Interest may be tax deductible3
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APPLY NOW!
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Quick and easy application process!
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Members have 4 easy options to apply for any DLFCU mortgage loan:
Contact Our Mortgage Department!
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1. The Annual Percentage Yield (APY) for a Home Equity Line of Credit is .15% below Prime with a floor of 5.5%; The APY for Second Mortgages and Extra Equity Loans are determined by creditworthiness.
2Home Equity Line of Credit: DLFCU will lend up to $100,000. Second Mortgage: DLFCU will lend up to 100% of the value of the home. Extra Equity Loan: DLFCU will lend up to 125% of the value of the home, or a maximum of $25,000. Maximum $400,000 loan limit per household.
3Consult a tax professional for tax implications.
†With required $15,000 minimum initial draw.
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