Mortgages

First homes and forever homes. Brand new or with a touch of history. Whatever you're looking for in a place to live, we have a mortgage that's a perfect fit.

Let's get you into that home you love so you can start making memories

Menu of mortgages
Choose from flexible terms and fixed-rate, adjustable-rate, or government-backed loans.
Financial advantages
Many of our loan options feature low closing costs and lower down payments.
Neighborly service
Our friendly mortgage team will walk you through and make homebuying easy.

Buying a home is a big moment in anyone's life. We'll help you get into yours sooner.

Mortgage Types

We make getting a mortgage a simple and positive experience. Our online mortgage portal makes applying easy and keeps you informed every step of the way.

  • Available on primary and secondary/vacation homes in Virginia, North Carolina, South Carolina, and Ohio*
  • Conventional fixed-rate and adjustable-rate options
  • Federal Housing Administration (FHA) and Veterans Administration (VA) loans that come with lower down payments, relaxed credit guidelines and other financial benefits
  • Competitive closing costs with no penalty for early payoff
Lower Down Payment Options

At Dominion Energy Credit Union, we make homebuying more affordable.

  • As little as 3% down for first-time homebuyers on conventional loans
  • 5:5 ARM with a 10% down and no private mortgage insurance
  • FHA loans with as little as 3.5% down and flexible credit qualifications
  • VA loans with little to no money down for qualifying applicants
First-time homebuyers

We want to help you get into that first home sooner, and we’re here to help you feel comfortable and confident along the way.

  • Only 3% down required for first time home buyers on conventional loans
  • Competitive closing costs make homebuying more affordable
  • Friendly advisors to walk you through the process, and tons of helpful resources to guide you
  • Even if you’re still a couple years out it makes sense to do some research now, and to get your credit and plans for a down payment in order. We can help!
Ready to Apply?

Making the decision to apply for a mortgage is a huge decision and we have a few options to help you make your decision. Our professional advisors will explain the advantages of each of our home loans and help guide you to one that fits best with your budget and future plans.

  • For potential savings, ask about our refinancing options
  • For a custom mortgage quote or consultation, contact one of our specialists
  • Before you buy, crunch the numbers with helpful calculators and do your research by trying the resources below
  • Check out our Homebuyers Guide to help you in your decision-making process
  • View a helpful checklist to help you prepare for your application process
Effective Date: May 23, 2024
Product Rate APR** Points P&I
30 Year7.000%7.128%0.1250$1,621.67
20 Year7.000%7.164%0.1250$1,889.79
15 Year6.625%6.840%0.2500$2,140.11
10 Year6.375%6.636%0.1250$2,752.25
5:5 ARM6.250%6.348%0.0000$1,500.81
FHA 30 Year7.250%7.560%0.1250$1,662.80
VA 30 Year7.250%7.404%0.3750$1,662.80

Make Your Dreams a Reality

For a custom quote and consultation on a purchase or refinance, contact one of our specialists using the form below.

Mortgage Education Series

Check out these quick videos for an easy-to-understand overview of everything mortgage – from payments to loan types, terms, refinancing, and first time homebuyers tips.

Loan Types
Anatomy of a Mortgage Payment
Interest Rates

Frequently Asked Questions

You can apply for loans and credit cards at the same time you join! There is no waiting period before you can take advantage of all our member benefits. The moment you become a member, you can start applying for auto loans, mortgages, and every other service we have to offer.

To apply for a mortgage, fill out our mortgage application. We currently offer first mortgages on primary and second homes in Virginia, North Carolina, South Carolina, and Ohio. Our online mortgage portal makes it super easy to apply and gives you control so you can check the status every step of the way.

Please note: We recommend using your personal email address when you apply to ensure emails are received okay.

At this time, we do not offer land only or home construction loans.

To speak to someone in our Mortgage Department please call 866-300-8240 or email [email protected]

The DECU has helped me through my homeownership journey. Their patience and support have helped me make informed decisions. I am so thankful for their guidance during overwhelming times.
Ana T.