DCU Member's Monthly

Home Equity Loans – An Economical Way to Finance

With a home equity loan, you are borrowing against the value of your home. Unlike consumer loan interest, home equity loan interest is tax-deductible for most people and can save you money.* This includes loans on first and second homes up to $100,000. Plus you can save a considerable amount on interest over credit card or
consumer loans.

All DCU Home Equity Loans feature no application fees and no closing costs.**

Equity Line 1-2-3

Prime minus 1.23%
For active users with significant equity and outstanding credit history
Minimum line of $200,000
Minimum balance of $20,000 to avoid $20 monthly inactivity fee
20-year draw and 20-year repayment
Borrow up to 80% of your home's value

Flash Equity Loan

A fixed-rate home equity loan that is guaranteed to close in 5 business days***
A single advance for a one-time purpose
Loans from $5,000 to $50,000
Borrow up to 90% of your home's value minus your first mortgage balance
Choose from a variety of terms

Fixed-Rate Home Equity Loan

A single advance for a one-time purpose
Borrow up to 100% of your home's value minus your first mortgage balance

Equity LinePLUS

Rates as low as Prime minus 0.25%^†
A revolving line of credit that allows you up to two fixed-rate advances at a time, each with the same terms as our regular Fixed-Rate Home Equity Loans
Borrow up to 100% of your home's value minus your first mortgage balance
An interest-only option is available; you may borrow up to 90% of your home's value less your first mortgage balance
20-year draw and 20-year repayment
Low minimum payment

You May Already Be Approved
To see if you're approved for a DCU Home Equity Loan, log on to PC Branch and look for a message on the Account Summary Screen and click "Accept Pre-Approval." If you're not pre-approved, applying is easy. Apply online at dcu.org, by phone at 508.263.6700 or 800.328.8797, or at any branch!

*	The Internal Revenue Service at irs.gov (publication 936) and your State Department of Revenue have more information on deductibility.
**	No closing costs exclude state mortgage taxes in FL, KS, MD, MN, NY, OK, TN, and VA.
***	5 business days begins upon receipt of a completed application.
^†	Rate determined by your personal credit history. DCU's minimum APR (Annual Percentage Rate) is 4.00%, the maximum is 18.00%.

Main Menu