Whether you’re a first-time homeowner, one who’s looking to refinance an existing loan or looking to make home improvements, Downeast Credit Union has you covered! We’ve teamed up with CUSO Home Lending to give you the best service possible when it comes to buying or refinancing your home. Together, we offer low interest rates and flexible terms to make your dream home a reality.
APPLY NOW: MORTGAGE APPLY NOW: HOME EQUITY LINE OF CREDIT
Apply Online above OR call our Mortgage Team Directly at 1-207-454-9007 OR email us at mortgages@downeastcu.com.
Downeast Credit Union NMLS ID# is 531655. To access this service please visit nmlsconsumeraccess.org
Disclosures: Terms and closing costs may vary. Additional financing and loan terms available. All loans subject to credit approval. Rates are based on credit worthiness subject to change without notice. The Credit Union makes real estate loans without regard to race, religion, or other discriminatory factors.
*HELOC Disclaimer: As of 12/19/24, the variable APR (Annual Percentage Rate) for home equity lines of credit ranges from 7.50% to 11.50%. This interest rate is subject to change with the Wall Street Journal Prime Rate but will not be less than 4.00% or exceed 18.00%APR. Payment is 1.5% of outstanding balance for example a $20,000 HELOC would cost $300 per month. Upon application, some members may be required to place a $200 deposit on hold in their savings account that may go toward any services requested during the application process; funds will be released back to the member if they are eligible for the no-closing cost HELOC option. Draw period is up to 6-years but will be reviewed at 3 years with a soft credit pull to qualify for an additional 3-year term. Property Insurance is required. Consult your tax advisor regarding the deductibility of interest. Some additional restrictions may apply.
Loyalty Discounts: to qualify, member must have an active DECU checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month at the time of the HELOC closing. 1) The Credit Union pays closing costs on home equity lines of credit for Loyal Members up to $100,000 on primary residence and must be stick-built homes only; mobile and double-wide homes do not qualify. The Credit Union will not pay any fees associated with surveys or any curative title work that may be required in order to perfect a lien, nor will the Credit Union pay the costs of a full appraisal if required; all such fees and costs are the client’s responsibility. Fees associated with opening a DECU home equity line of credit generally range from $0-$1,056. 2) Qualifying Loyal Members may receive a 1.00%APR Rate Reduction off their current qualifying rate. Loyalty rate reductions are dependent on your continued eligibility over the life of the loan. Offer good as of 12/19/24 for a limited time and may end at any time.
Terms and closing costs may vary. Additional financing and loan terms available. All loans subject to credit approval. Rates are based on credit worthiness. The Credit Union makes real estate loans without regard to race, religion, or other discriminatory factors. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Downeast Credit Union NMLS ID# is 531655. To access this service please visit nmlsconsumeraccess.org. Equal Housing Opportunity. Federally Insured by NCUA.
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Chances are, your home may be your single greatest investment.
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If you know any 3 of a loan's 4 terms (principal, interest rate, payments remaining, and payment amount), this calculator will compute the missing term. Enter the 3 known loan terms in the appropriate entry fields and click on "Compute." One empty field is required for recalculations.
*This calculator is solely intended to provide general estimates, not final or binding future value or interest totals. Lender calculations may vary.
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1-800-427-1223
Routing Number: 211288996
For our members’ convenience, links are available in this website to allow quick access to other sites that may be of interest. Clicking on a third party link will take you out of Downeast Credit Union’s website to an alternative website not operated by DECU. The Credit Union is not responsible for the content of the third party website and does not represent either the third party website or the member if you enter into a transaction. Privacy and security policies of the website to which you are linking may differ from those practiced by DECU.
