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, as a member, 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.
See our Mortgage Loan Originator NMLS ID#s.
Downeast Credit Union NMLS ID# is 531655. To access this service please visit nmlsconsumeraccess.org Morgan Niles, Director of Mortgage Lending, NMLS ID# 2312171
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 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. The Credit Union pays closing costs on home equity lines of credit up to $100,000 on primary residence and must be stick-built homes only; mobile and double-wide homes do not qualify. To qualify for no closing costs, 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. 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. As of 5/23/23, the variable APR for home equity lines of credit ranges from 8.25% to 12.00%. 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. Upon application, members are 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. Downeast Credit Union NMLS ID# is 531655. Equal Housing Opportunity. Federally Insured by NCUA.
CU Promise Guarantee
Chances are, your home may be your single greatest investment.
Stop worrying about having the funds available to help pay off or reduce your mortgage in the event of your death or disability — learn more about Mortgage Life, Disability & Debt Protection today.
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.
