Programs designed to help you better understand and manage your money.
We make accessing your money and your accounts easy.
We provide a range of free services and ways to making banking easier.
Committed to making a positive impact.
Popular Results
Your Recent Searches
No Recent Searches Found
Did you mean:
But let's try once more with some tweaks
- Make sure all words are spelled correctly
- Try using fewer words
- Try using more general keywords
- Try different keywords or spellings
Sorry, We couldn't find what you are looking for. It could be because of many reasons.
But let's try once more with some tweaks
- Make sure all words are spelled correctly
- Try using fewer words
- Try using more general keywords
- Try different keywords or spellings
Hi, anything I can help you with?
Refinance Your Mortgage
Reduce monthly payments, your rate or put your home's equity to good use. DCU offers fixed and adjustable-rate mortgage loans to help you choose the refinance option that's right for your financial goals.
How Much Could Refinancing Save You? There are many factors you should consider when refinancing a mortgage. Use our mortgage refinance calculators to estimate the cost and potential savings. Try Our Calculators
Benefits
- Conventional and Jumbo Loans – Find the right mortgage for your needs with fixed and adjustable-rate options for both conventional and jumbo loans.
- Expert guidance – Whether this is your first refinance, or one of many, our experienced Loan Originators are here to answer your questions and make it an easy process.
- DCU service for the life of the mortgage - We’ll service your loan as long as you have your mortgage with DCU, so you don’t have to worry about making payments to a different lender or prepayment penalties.
- Online access – Manage your account through Digital Banking from anywhere. Easy, simple, convenient.
- 60-day rate lock - Protects you from any rate increases while your loan is in process. Don’t lose out on that low rate!
REFINANCE MORTGAGES
30-Year Fixed Rate Program As Low As
Same rate for the life of the loan.
GET MY QUOTEMembership Required
1. Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).
2. Eligibility by Company You Work for or Retired From
You currently work for or retired from a company in our list of participitating employers.
You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.
3. Eligibility by Organization You Belong To
You currently belong to or join an organization whose members we serve.
You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
4. Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.
Mortgage Calculators
Choose from our easy to use calculators to plan for your mortgage refinance.
- Should I refinance my home?
- Which mortgage is better for me?
- How much home can I afford?
- Mortgage Payment Calculator
- How much will my adjustable-rate mortgage payments be?
Plan for Your Mortgage Loan
Frequently asked questions and answers to help manage and plan for your mortgage.
Plan on up to 60 days to close on your new mortgage. Keep in mind that things like your appraisal or a delay in providing necessary documentation may slow down the process.
A cash out refinance allows you to tap into the equity in your home. After you close, you’ll receive a check for the difference between your current mortgage payoff + closing costs and your loan amount. A rate and term refinance changes your interest rate and/or the term (length) of your mortgage, typically loan amount remains the same unless you wish to roll closing costs in.
A refinance may change your monthly payments, though every situation is different. Depending on the purpose of your refinance – lowering your interest rate, changing your term, cash-out refinance – your payments may decrease, increase, or stay largely the same. Utilize our DCU refinance calculator or schedule an appointment to speak with one of our experienced Loan Originators
In general, you can expect to pay 2-5% of your loan balance in closing costs. Speak with your Loan Originator for more details. You may be able to roll your closing costs into your loan amount, so no amount is due at the closing table. The amount will vary depending on escrow, taxes, insurance, pre-paid interest or if you pay points to buy down your interest rate.
Contact Us
Ready to apply or need assistance? Contact a Mortgage Loan Originator for help completing an application.
Articles
Why Refi with a Credit Union?
Here’s why you should check out your credit union when considering your options for a home refinance.
Read Article
Refinancing a Mortgage: How It Works
Refinancing to a lower rate could free up more money in your monthly budget and save you thousands of dollars in interest charges over the life of the loan.
Read Article
What is a Cash Out Refinance?
Looking to take advantage of the equity you’ve built in your home? DCU explains how cash-out refinancing works and when it makes financial sense.
Read ArticleMortgage Rates
- % Fixed Rates
- % Adjustable Rates
REFINANCE FIXED-RATE MORTGAGE RATES
The advertised rates are for loans up to $647,200 and reflect the lowest available rate. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.
| Terms | Interest Rate | APR¹ | EMP² per $1,000 |
|---|---|---|---|
| 30 Years Fixed | 5.250% | 5.29% | $5.52 |
| 20 Years Fixed | 4.875% | 4.93% | $6.53 |
| 15 Years Fixed | 4.375% | 4.45% | $7.59 |
| 10 Years Fixed | 4.250% | 4.35% | $10.24 |
REFINANCE JUMBO FIXED RATE MORTGAGES
The advertised rates are for loans over $647,200 and reflect the lowest available rate. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.
| Terms | Interest Rate | APR¹ | EMP² per $1,000 |
|---|---|---|---|
| 30 Years Fixed | 5.250% | 5.26% | $5.52 |
| 20 Years Fixed | 4.875% | 4.89% | $6.53 |
| 15 Years Fixed | 4.375% | 4.40% | $7.59 |
| 10 Years Fixed | 4.250% | 4.28% | $10.24 |
¹APR = Annual Percentage Rates are subject to change at any time. Rates are determined by creditworthiness, loan-to value (LTV), occupancy status, property type and loan purpose, so your rate could be higher. All loans are subject to approval, other conditions may apply.
²EMP = Estimated Monthly Payment is for principal and interest per $1,000 borrowed.
REFINANCE ADJUSTABLE RATE MORTGAGE (ARM) RATES
The advertised rates are based on a 30-year term, for loans up to $647,200 and reflect the lowest available rate. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.
| ARM Program¹ | Initial Interest Rate Period | Initial Interest Rate | APR² | Initial Rate Period # Monthly Payments | Initial Rate Period EMP Per $1000³ | Fully Indexed Rate | Fully Indexed Rate # Monthly Payments | Fully Indexed Rate EMP Per $1000³ |
|---|---|---|---|---|---|---|---|---|
| 5/1 ARM | 5-Years | 4.000% | 4.04% | 60 | $4.77 | 4.00% | 300 | $4.77 |
| 5/5 ARM | 5-Years | 4.500% | 4.78% | 60 | $5.07 | 4.89% | 300 | $5.30 |
| 7/1 ARM | 7-Years | 4.500% | 4.28% | 84 | $5.07 | 4.00% | 276 | $4.77 |
| 10/1 ARM | 10-Years | 4.625% | 4.43% | 120 | $5.14 | 4.00% | 240 | $4.77 |
REFINANCE JUMBO ADJUSTABLE RATE MORTGAGE (ARM) RATES
The advertised rates are based on a 30-year term, for loans over $647,200 and reflect the lowest available rate. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.
| ARM Program¹ | Initial Interest Rate Period | Initial Interest Rate | APR² | Initial Rate Period # Monthly Payments | Initial Rate Period EMP Per $1000³ | Fully Indexed Rate | Fully Indexed Rate # Monthly Payments | Fully Indexed Rate EMP Per $1000³ |
|---|---|---|---|---|---|---|---|---|
| Jumbo 5/1 ARM | 5-Years | 4.000% | 4.01% | 60 | $4.77 | 4.00% | 300 | $4.77 |
| Jumbo 5/5 ARM | 5-Years | 4.500% | 4.75% | 60 | $5.07 | 4.89% | 300 | $5.30 |
| Jumbo 7/1 ARM | 7-Years | 4.500% | 4.25% | 84 | $5.07 | 4.00% | 276 | $4.77 |
| Jumbo 10/1 ARM | 10-Years | 4.625% | 4.40% | 120 | $5.14 | 4.00% | 240 | $4.77 |
¹ARM loans are variable rate loans, interest rates and payments may increase after consummation. Rates and payments will remain the same for the first 5, 7, or 10 years and then can adjust to a new rate and payment every 12 months or 5 years based on a current index, depending on the ARM program you choose. For example, if you select the 5/1 ARM program your rate and principal & interest payment will be fixed for the first 5 years (the 5 in 5/1), after that the interest rate and payment could change every year for the remainder of the mortgage's term (the 1 in 5/1).
²APR = Annual Percentage Rates are subject to change at any time. Rates are determined by creditworthiness, loan-to value (LTV), occupancy status, property type and loan purpose, so your rate could be higher. All loans are subject to approval, other restrictions may apply.
³EMP = Estimated Monthly Payment is for principal and interest per $1,000 borrowed.
You May Also Be Interested In
Digital Banking
MOBILE / ONLINE
MANAGING YOUR MONEY ANYWHERE AND AT ANY TIME WITHOUT VISITING A BRANCH.
Free Checking
With Earn More - As High As
On Balances Up to and Including $100,000.
220 Donald Lynch Boulevard
PO Box 9130
Marlborough, MA 01752-9130
ABA Routing Number: 211391825
NMLS# 466914
Download Our App
Federally insured by NCUA
