What Can DCU Save You?

Fixed-Rate Mortgages

Interest rate and monthly payment remain the same for life of the loan




  • Features
  • Details
  • Rates
  • Reviews
  • Apply Now
  • Resources
fixed rate mortgages

Fixed-Rate Mortgage Features

  • Same rate and payment for the life of your loan
  • Competitive rates for loans up to and over $424,100
  • Up to 30 year term
  • Loans up to 95% of home value
  • 97% purchase program (3% down) – 1 unit primary residence*
  • No point and no point/no closing cost options
  • DCU service for the life of your loan
  • For home purchase or refinance
  • Borrow for 1 to 4 family primary residences
  • Borrow for second homes or investment properties
  • Can use to finance condominiums and townhouses
  • Construction to permanent financing loans in MA and NH

Please refer to Details and Rates tabs for additional information and important disclosures.

* Requires that at least one borrower must be a first-time home buyer.

"Excellent Service"

Open quote DCU listened to our needs and delivered a mortgage that met both our financial and logistical needs. It is good to be with a financial institution that takes care of their members with high service. Close quote

— Susan, Boston, MA

Fixed-Rate Mortgage Features

Because the rate and monthly payment stay the same for the life of the loan, Fixed-Rate Mortgages (especially the 30-Year Fixed) are the most popular type of mortgage. It's also the reason why the starting rate is usually higher than other options. Learn more about when a Fixed-Rate Mortgage is the right choice.

Main Benefits of the Fixed-Rate Mortgage

  • Rate and monthly payment stay the same for the life of your loan
  • Competitive rates for loans up to and over $424,100
  • Up to 30-year term – A longer term helps keep monthly payments more affordable. A shorter term saves you interest and builds equity faster.
  • Loans up to 95% of home value – However, if you borrow no more than 80%, you'll avoid the expense of private mortgage insurance (PMI). Loan to value is determined by the total loan amount divided by the home value. The home value is the lesser of either the purchase price or appraised value.
  • 97% purchase program (3% down) – 1 unit primary residence only. Mortgage insurance required. Cannot own additional properties at the time of closing. Requires that at least one borrower must be a first-time home buyer. First-time home buyer education may be required. 30-year fixed rates only. Maximum loan amount $424,100. Other terms and restrictions apply.
  • No point and no point/no closing cost options – Available for loan amounts between $100,000 and $424,100. Covers typical closing closts. Terms and restrictions apply. If you are interested in a no point/no closing cost loan, please call us at 800.328.8797.
  • DCU service for the life of your mortgage – We'll handle all your payments, escrow, and questions. You'll have access to your mortgage account through Online Banking, Easy Touch Telephone Teller, DCU ATMs, and our branches for getting information and making electronic payments. Most important, you'll never have to worry about late or missing payments if your mortgage is sold.
  • For home purchase or refinance
  • Borrow for 1 to 4 family primary residences
  • Borrow for second homes or investment properties
  • Can use to finance condominiums and townhouses
  • Construction to permanent financing loans in MA and NH

When is a Fixed-Rate Mortgage the right choice?

Consider your answers to these questions when considering your options...

  • Is a stable payment more important to you than the lowest rate? – Adjustable Rate Mortgages (ARMs) have lower starting rates. But if the possibility that your rate and payment could go up (or down) once every five years or less makes you nervous, stay with a Fixed-Rate Mortgage.
  • How long do you intend to live in the home? – On average, people move or refinance their mortgages every 5 to 7 years. If you expect to remain in your home longer, a 5/5 Mortgage (that can change once every five years) or a Fixed-Rate Mortgage could make more sense because your rate and payment will change less frequently or not at all. If you expect to move or refinance sooner, an Adjustable Rate Mortgage like a 5/1 may be more economical choice. You'll have a lower starting rate fixed for the first few years.
  • How high are mortgage rates in general and where might they be moving? – Predicting where mortgage rates will move is impossible to do with any certainty. Market rates are generally determined based on the inflation expectations of bond-market investors, foreign demand for US Treasury securities, and the impact of Federal Reserve monetary policy. However, we can tell you if current rates are relatively high or low based on recent history. Generally anything under 5% is low. If you'll be in a house longer than 7 years, you might prefer 5/5 Mortgage or a Fixed-Rate Mortgage. On the other hand, if rates are 9% or above, an Adjustable Rate Mortgage with a shorter fixed period may be better. Rates that high generally don't stay high for long. Your rate will adjust downward when rates fall without the cost of refinancing.

    Please refer to Features and Rates tabs for more information.

Fixed-Rate Mortgage Rates for loans up to $424,100*

Term / Property Points Interest Rate Annual Percentage Rate Estimated
Monthly Payment
per $1,000
30-Year Fixed
1 unit owner occupied, purchases only,
97% of home value
0 points 4.750% 4.84% $5.22
30-Year Fixed
Owner occupied, up to 95% of home value
0 points 4.250% 4.33% $4.92
20-Year Fixed
Owner occupied, up to 95% of home value
0 points 4.000% 4.11% $6.06
15-Year Fixed
Owner occupied, up to 95% of home value
0 points 3.500% 3.63% $7.15
10-Year Fixed
Owner occupied, up to 95% of home value
0 points 3.250% 3.44% $9.77

*Rates are effective  and are subject to change at any time. Rates locked in today for 60 days have an expiration date of . Rates apply to loans up to $424,100 (also known as "conforming mortgages").

Rates and Fees disclosed are for loans that meet Secondary Mortgage Market underwriting standards; additional rate and fees may apply for loans outside of those guidelines.

Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher.

Fixed-Rate Mortgage Rates for loans over $424,100*

Term / Property Points Interest Rate Annual Percentage Rate Estimated
Monthly Payment
per $1,000
Jumbo 30-Year Fixed
Owner occupied, up to 90% of home value
0 points 4.250% 4.30% $4.92
Jumbo 15-Year Fixed
Owner occupied, up to 90% of home value
0 points 3.500% 3.58% $7.15
Jumbo 10-Year Fixed
Owner occupied, up to 90% of home value
0 points 3.250% 3.36% $9.77

*Rates are effective  and are subject to change at any time. Rates locked in today for 60 days have an expiration date of . Rates apply to loans larger than $424,100 (also known as "jumbo mortgages"). Further restrictions apply for loan amounts over $424,100 such as credit score, Loan to Value, etc.

Rates and Fees disclosed are for loans that meet Secondary Mortgage Market underwriting standards; additional rate and fees may apply for loans outside of those guidelines.

Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher.

Mortgage Fees

Item Fee
Mortgage Application Fee $300
Rate Lock Fee $0*

* There is no fee to lock your rate.

Other Approximate Mortgage Costs*

Item Approximate Cost
Closing Costs $1,900-$2,100 (not including points) per $100,000**

* Private Mortgage Insurance is also required if the loan to value is greater than 80%. The "Loan to Value" is the total loan amount divided by the value of your property. The value of the property is the lesser of either the purchase price or appraised value. Secondary Market Delivery Fees may be applicable in addition to the Approximate Closing Costs.

** Depends upon the state you are purchasing your home in. Fees may increase based on credit score, down payment, purpose of loan, subordinate financing and property type. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.


Fixed-Rate Mortgages is rated 4.0 out of 5 by 240.
Rated 5 out of 5 by from Keep up the Good Work DCU. I would like to thank everyone at DCU for all they did for our mortgage to get approved. I would like to especially thank Matt Gravelle, and Lisa Motta for always being available and answering all our questions and all the work they did. I know there were a lot of other people involved with the process, underwriters, and the closer I think her name was Kathy, but it want so quick and smooth at the end.
Date published: 2017-02-04
Rated 5 out of 5 by from DCU is amazing From start to finish they were friendly, helpful and made my first mortgage experience easier and more user friendly than daunting and mysterious.
Date published: 2016-12-31
Rated 5 out of 5 by from DCU product always provide great experience Before year ago I was not hear the name DCU but one of my friend refer first time for car loan and it's was great experience and after 8 month I decided to buy my first home and I was stuck with local loan provider I just contacted as existing customer to DCU and they resolved my issue in just 1 week with best and lowest rate in entire industry and finally I am on my way to move in to my dream house, team DCU always ready to help anytime. Thanks team DCU and Christine for your help.
Date published: 2016-12-10
Rated 5 out of 5 by from Been long with them I have been with them for past 17 years and they are great as usual. Very helpful not greedy like other big banks.
Date published: 2016-10-17
Rated 5 out of 5 by from mission impossible made possible at DCU There were lots of complications with my case and I came to DCU 45 days before closing, and it was almost impossible to get the loan. Christine did amazing and went above and beyond. DCUs rates is same for jumbo loan when most other banks have it higher. closing cost are very competitive. Overall, I am very pleased and will NOT go anywhere else for any of my financial needs. DCU has your back! definitely recommend!
Date published: 2016-10-13
Rated 5 out of 5 by from The Mortgage Loan gives good rates. Very easy to apply and the mortgage agents are very result full. They provided an excellent service. I'am very sastified all the services that Digiital Credit Union provides.
Date published: 2016-09-26
Rated 5 out of 5 by from Great experience The entire mortgage process was a great experience at DCU. Kristy, my Mortgage Processor, guided me through the entire process and provided status updates. I was skeptical regarding the on-line application but it was easy and Kristy reached out within a few days to introduce her self and send disclosures. The closing was easy and DCU did everything possible to allow me to meet a strict deadline of August 2nd
Date published: 2016-08-07
Rated 5 out of 5 by from Great loan products and the Value given to the customer Great loan products. Great service and DCU values their customers. Poyu is very kind and patient enough to help through the loan process.
Date published: 2016-07-30
  • y_2017, m_2, d_21, h_24
  • bvseo_bulk, prod_bvrr, vn_bulk_0.0
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_240
  • loc_en_US, sid_2-4, prod, sort_[SortEntry(order=RATING, direction=DESCENDING), SortEntry(order=SUBMISSION_TIME, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion


Can your mortgages be used to purchase homes in other US states if the primary residence of the borrower is there?

Hi, my wife and I just recently moved to Montana and established our primary residence in Bozeman, Montana. We have all our accounts (checking, savings, etc.) with DCU. We are looking to buy a home (most likely townhouse or condo) in Bozeman in 2015. Would it be possible to use a mortgage from DCU to purchase a home in the Bozeman area? Are there any special requirements which would become relevant (i.e. higher down payment, etc.) to qualify for a DCU mortgage in this case? Best Regards
Asked by: Anonymous
I live in Michigan, and I recently got the mortgage loan with DCU, and as far as I know there is not difference in the processing, you may contact the mortgage agents to be sure about your question.
Answered by: Anonymous
Date published: 2015-10-17

How do I find the original or remaining term of my mortgage?

Asked by: Anonymous
I filled out a survey which I asked why the closing value of my old mortage was at 84k and at the closing it rose to 87k. Which caused me to bring a check to the closing when I should have been receiving one instead?Someone called from your branch and told us they would get back an answer tomorrow. I found this to be outstanding it wasn't what I expected to hear.Now it has been almost a week and not only has that person that contacted us or anyone from that office called after countless times trying to get in touch. I myself praise DCU up & down the streets. The only reason I remortgaged was to get away from BIG BANKS !!! Now it seems your treating me the same!! NOT SO HAPPY CUSTOMER
Answered by: Anonymous
Date published: 2013-10-23

Does DCU offer investment property loans?

Asked by: Anonymous
Yes, in fact DCU was one of the few banks I found that provides this service.
Answered by: Anonymous
Date published: 2013-10-23

refi mortgage

how do i apply for a refi on my home online?
Asked by: Anonymous
I've done two refi's in the last year with DCU. Both were started online, but that's really only the beginning of the process. You fill out as much information as you can on the online application, then a mortgage rep contacts you and you fill him/her in on any details that may not have come across on the app. Then they send you to a web site where you digitally sign all of the initial disclosures. You will also have to scan some documents like pay stubs, 1040's, etc. and send those via email (there's a secure email system you can use). It gets reviewed, sent to the underwriters who check it, then you get a call from the closing attorney to set up a time and place to close (you have to do that part in person). In our case, the paralegal came to our house to do the closing, so it was very convenient. The process was relatively painless, and very fast and convenient.
Answered by: Anonymous
Date published: 2015-01-10

Does DCU perform property appraisals?

Asked by: Anonymous
DCU does not perform property appraisals.
Answered by: Anonymous
Date published: 2013-10-23
  • y_2017, m_2, d_21, h_2CST
  • bvseo_bulk, prod_bvqa, vn_bulk_0.0
  • cp_1, bvpage1
  • co_hasquestionsanswers, tq_23
  • loc_en_US, sid_2-4, prod, sort_[SortEntry(order=LOCALE, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING), SortEntry(order=NUM_ANSWERS, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion

"Low Closing Costs"

Open quote The mortgages from DCU are always right - great rates, low closing costs, and easy automatic payments, coupled with a quick and pain free closing. Close quote

— JLDK, Carlisle, MA

How to Apply for a DCU Fixed-Rate Mortgage

  1. Apply or get pre-qualified online – 24 hours a day, 7 days a week.
  2. Apply or get pre-qualified by phone – Call 508.263.6700 or 800.328.8797 (select 3) anytime Monday through Friday 8:00 am to 9:00 pm or Saturday 9:00 am to 3:00 pm, Eastern Time. A representative will guide you through the entire application process.
  3. At any DCU branch – Visit your local branch during normal business hours.

"10-Year Fixed Rate"

Open quote The fixed rate works for me in this economy. I know what my payment each month will be. Also the auto payment every month makes it very easy for me, no missed or late payments. Close quote

— Scrappy, Snowflake, AZ

Mortgage Tools and Resources

Related Links

  • How finance charges are computed – This page explains how to calculate the interest on your loan.
  • StreetWise Guide to Credit and Credit Management –Get and keep a good credit rating. Recognize and deal with credit problems.
  • Payment Protection – Ease your loan payments, protect your family, and safeguard your credit rating. Payment Protection offered by DCU helps relieve the financial stress and worry related to making loan payments when your life takes an unexpected turn.
  • Homeowners Insurance through DCU Insurance – DCU Insurance offers insurance with the personal service you deserve. So whether you have Homeowners Insurance or need it, DCU Insurance could be the right choice for you.
  • DCU Realty – DCU Realty is a full-service real estate agency serving home buyers and sellers in Massachusetts and New Hampshire. Our team of certified buyer agents can show you any home on the market with no out of pocket cost to you. Put a licensed DCU Realty professional on your side before you start your home buying process so you can get the best home on the market at the best price.