Mortgage
Look no further than your partners at DSFCU when you are looking to finance your next home or land purchase. We offer financing for single-family homes, mobile homes and vacant land, with varying terms up to 30 years.
Home Equity
DSFCU offers Home Equity loans and lines of credit. We provide convenient, flexible terms and extremely competitive rates. Funds can be used for home improvements, debt consolidation, education, travel and other major purchases. Interest paid on a Home Equity loan may be tax deductible, please check with your tax advisor.
With a Home Equity Loan, you borrow against the equity in your home as collateral to secure a fixed-term, fixed-rate loan. Borrowed funds are distributed up-front in a lump sum, with set monthly payments for the term of the loan.
A Home Equity Line of Credit, or HELOC, is a revolving line of credit secured by the the equity in your home. We offer lines up to 80% of available equity (with a maximum limit of $100,000). You only pay interest on the funds you have withdrawn, and have a convenient line of quick-access cash should the need arise. DSFCU’s HELOC features a five-year draw period, in which you can withdraw funds from your line, and then five years to pay off any remaining balance.
HELOC is adjustable rate, adjusted semi-annually in March and September. Maximum APR of 18% and minimum APR of 5%. Initial withdrawal of $500 required at opening. Available only on primary residence located in MT. Closing costs may include appraisal, title insurance and recording fees.
Construction Loans
If you’re looking to finance the construction of a new home (primary residence only), DSFCU can help! With our Construction Loan, you can finance up to 80% of the estimate value of the new home with a closed-end line of credit. The Construction Loan is a one-year term, at which point it would be refinanced into a traditional mortgage loan.
You must utilize a credit union approved General Contractor and invoices or contractor requests must be provided prior to the advance of funds. Periodic site visits by the credit union may take place. Approved contractors include:
- Icelander Construction
- Fishell Construction
- Leibrand Construction
- Marlenee Construction
- Southland Construction