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Fixed-Rate Mortgages

Consistent rate and monthly payments for life of the loan

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Fixed-Rate Mortgage Features

  • Same rate and payment for the life of your loan
  • Competitive rates for loans up to and over $453,100
  • Up to 30 year term
  • Loans up to 95% of home value
  • 3% Down Program
  • No points and no points/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
  • Ability to lock rate

View current DCU Mortgage rates

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 $453,100
  • 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.
  • 3% Down Program (97% of home value) – 1 unit primary residences including condominiums (manufactured homes are not eligible). Mortgage insurance paid by lender. Cannot own additional residential properties at the time of closing. 30-year fixed rates only. Maximum loan amount $453,100. Other terms and restrictions apply.
  • No points and no points/no closing cost options – Available for loan amounts between $100,000 and $453,100. 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
  • Ability to lock rate

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.
Fixed-Rate Mortgages is rated 4.1 out of 5 by 270.
Rated 5 out of 5 by from Great Rates / Good Cuustomer Service I refinanced my house 3 yrs ago and locked in for a great rate. The customer service was not only polite but very informative of other products- I ended up refinancing my car payment and saved quite a bit by doing so. I am now in the process of taking out an equity line of credit with DCU.
Date published: 2018-03-04
Rated 5 out of 5 by from Fixed rate has the best features like rate lock for life of loan. Great product and service. Courteous loan officers. Very knowledgeable and worked at a fast pace along with customer. Super easy to use Upload Document center where you can upload all your docs statements. Great experience!
Date published: 2018-02-26
Rated 5 out of 5 by from Incredible Value and Service DCU has provided superior rates, trustworthy follow-through, and personalized service every time! From my first car loan with DCU to two fixed-rate Home Equity Loans and my most recent fixed-rate Mortgage... everything has been perfect! From beginning to end, their teams work tirelessly to close in record time. I still find it hard to believe that my 30-year fixed rate mortgage CLOSED in THREE WEEKS... and the closer was willing to meet at home, office, or wherever I chose! Based on my experiences with DCU for TEN YEARS, while living in CA and CO, there is no other place for checking, saving, money market, auto loans, HEL, mortgages... and friendly, caring, reliable, personalized services!.
Date published: 2018-02-17
Rated 5 out of 5 by from Easy process DCU made it an easy process and customer service sesnistive ... even though others seller and title company were difficult to work with!
Date published: 2018-01-14
Rated 5 out of 5 by from House Mortgage DCU Loan staff did an excellent job, working with me to secure the loan and assist throughout the process. They answered my questions and provided guidance upon request. They also help me to close within a much shorter time frame.
Date published: 2017-12-17
Rated 5 out of 5 by from best service and friendly people one of my friend referred DCU to me, and after my first call, I realized why DCU has great reviews, the staff is friendly and understand the customer needs and always try their best to help customer, I moved my two auto loans with DCU. Thanks, Yogi
Date published: 2017-11-28
Rated 5 out of 5 by from Suggestion Hello: You need to offer short term mortgages, (five year or even an odd number like 7 or 8), which will give people a chance to consolidate a prime mortgage with a HELOC. I actually called Quicken because DCU doesn't offer this. Thanks
Date published: 2017-11-12
Rated 5 out of 5 by from Great Customer Service I recently went through DCU for our mortgage. I found them to be responsible, informed, and very easy to work with. I highly recommend them for this service. I especially like that they don't intent to sell the mortgage to another organization.
Date published: 2017-11-06
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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: BoonMonkey
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: Naga
Date published: 2017-09-04

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

Asked by: DCU Member
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: PUP
Date published: 2013-10-23

Does DCU offer investment property loans?

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

refi mortgage

how do i apply for a refi on my home online?
Asked by: bob
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: condo-owner515
Date published: 2015-01-10

Can I refinance my first mortgage with DCU and get cash out?

I reside in Texas
Asked by: Susan
If you have equity in your home you may apply for a cash out refinance through DCU. Most of our programs offer financing for up to 95% of the value of your home. You may apply online at or by phone at (800) 328-8797 option 3.
Answered by: DCU Staff
Date published: 2017-12-09
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How to Apply for a DCU Fixed-Rate Mortgage

  1. Apply Now
  2. Apply by Phone
    To apply by phone please call 800-328-8797 anytime to speak with a representative.
  3. Visit a DCU Branch