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 and Home Improvement loans. We provide convenient, flexible terms and extremely competitive rates. With a Home Equity Loan, you use the equity in your home as collateral. Funds can be used for home improvements, education, travel and other major purchases.
Interest paid on your Home Equity Loan may be tax deductible, please check with your tax advisor.
With a Home Equity Line of Credit, the equity in your home is used to secure an open line of credit for a five-year term. Once the five-year draw period is over, you will have six years to pay off any remaining balance.
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