Mortgages & Home Equity Loans

Whether you’re looking to buy a home, refinance and save, or even get cash out, we have flexible home loan options to meet your needs. Our friendly and experienced mortgage specialists will walk you through the process and make home buying easy.


Make Someday Today

With our money-saving options, you could enjoy lower monthly payments, quicker payoffs, and lower costs over the life of your loan. We even have low down payment options to help you get into your next home sooner. Our settlement agents can even come to you for closing. Click here to learn more or to apply for a mortgage today.

  • We offer conventional and FHA loans and 5:5 adjustable loans with no origination fee options
  • Increase your bargaining power with preapproval
  • We offer lower than market rates
  • Low down payment options including:
    • 5/5 ARM option with just 10% down and no PMI and no origination fee
    • FHA loans with as little as 3.5% down and use of gift funds
  • Before you buy, take a look at our calculator
  • No prepayment penalties
  • Competitive low closing costs
  • Personal guidance from start to finish from someone you can trust
  • Easy online application and instant approval
  • Available on primary and secondary/vacation homes in VA, NC, and OH
  • Do your homework and apply online

Tap into the equity in your home to get the money you need. Enjoy having no closing costs* and possible tax deductions (consult your tax advisor) with both our home lending options (available in VA).

Feature

Home Equity Line of Credit

Home Equity Loans

Ideal for…

Recurring expenses, such as home improvements or college tuition

One-time use, such as home additions, a new vehicle purchase, or debt consolidation

Borrow up to…

90% loan-to-value of your equity, max $100,000

90% loan-to-value of your equity, max $100,000

Interest rate

Low variable rate

Low fixed rate

Monthly payment

Monthly payments depend on the current rate and unpaid balance

Fixed monthly payment amounts

DECU services

Write checks to access your line of credit and use Online Banking to transfer from your line to your DCU account

.25% APR discount with automatic repayment

* Only available in VA. Subject to loan-to-value and credit qualifications. Must currently have a first mortgage loan. Minimum loan amount is $15,000. Minimum line amount of $15,000 and minimum initial draw of $2,500 on line. Other restrictions may apply. If you close a home equity line or pay off a home equity loan within 36 months after getting it, you may be required to reimburse the credit union for closing costs. Title Insurance may be required.

 

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Since 1940 our goal remains the same; to help Dominion Energy employees save more and reach their goals faster. From checking and mobile banking, to low interest auto loans and surcharge-free ATMs, we make banking easy.

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