Take advantage of our


Buy or refi your dream home today -
and get the best rate later!

At Downeast Credit Union, we reward you for your loyalty.

Members can save on average $29,000 in interest with our Mortgage Loyalty special!*

Earn 0.50% OFF the current qualifying rate1 when you purchase a new home or refinance your existing home.  And if that's not enough, members can apply for a no-fee Rate Reduction2 if rates go down in your first five years after opening the mortgage. 


When you purchase a new home or refinance with us, you simply need to be a loyal member by using your Downeast CU checking account.

See how easy it is:

Open a checking account, and agree to be a loyal member by signing an addendum.

Have at least $1,000 per month coming into your checking with direct deposit.

Use your debit card at least 10 times per month to retain your mortgage discount.

Open a DECU mortgage!

RATE REDUCTION for Peace of Mind

If our rate discount isn't enough, we want you to take comfort knowing that if rates drop in the first 5 years of your mortgage loan, you can apply for a no-cost Rate Reduction without going through the pain and expense of a refinance.

Learn more and apply today:

4 Reasons

to get your Mortgage at DECU

More Savings and Fewer ComplicationsSome lenders will sell off your mortgage as soon as it’s closed. However, that’s not likely to be the case with a Credit Union. Credit Unions typically prefer to hold and service your mortgage, if they are able. What does that mean for you?  You likely already know the people who hold your loan, and they are easy to contact if you have questions.

Additionally, by keeping your loan in our portfolio, you are less likely to experience escrow complications or payment problems that result in late fees.

Better ServiceCredit Unions have members, not customers. Most Credit Unions live and breathe member service, and you can see from our members just how much they appreciate the knowledge and friendliness of the Team.

At a Credit Union, you’ll work with people like Mortgage Lending Director, Morgan, Mortgage Loan Originator, Carly, and Mortgage Loan Processor, Delayne. Their experience and knowledge allow them to match the right real-estate product with your individual needs.

Local Housing Market KnowledgeDowneast Credit Union is a local organization. Because we are located where you live, we understand local housing availability and constraints. Sitting down with our Mortgage Team is a more personal experience. Rather than just processing a loan, we can help you understand where you may face challenges in your local market and get you prepared for the process.

Not-For-Profit Model Benefits You as a MemberCredit Unions are not-for-profit organizations, which means we reinvest all our earnings back into the organization. In the case of a Credit Union, most of the investment goes back to the members as higher dividends, lower fees and lower interest rates on loans. There are no shareholders earning millions of dollars on your dime – a lot of it goes back to you and other members.

The Mortgage Team at Downeast Credit Union has your back! We can offer guidance on what financial products are best for you. Let us show you the credit union difference. Get started and apply today with our mortgage application.

Get the Downeast CU Mobile App

With our mobile banking app, you can access your account instantly and securely from anywhere, anytime.  Manage your money confidently and download today:

To learn more, speak to the DECU Mortgage Team at 207.454.9007

Downeast Credit Union is a Maine Credit Union serving Washington, Waldo, Hancock, Penobscot, Lincoln, Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County. Branch offices are located in Baileyville, Belfast, Brewer, Calais, Machias, Richmond, Topsham and Unity.

Downeast Credit Union NMLS ID# is 531655. To access this service please visit nmlsconsumeraccess.org

*Average savings of $29,000 based on a $250,000 mortgage for 30-years with the 0.50% interest rate reduction for Loyal Members.

1) Mortgage loyalty discount of 0.50% offered on new loans after 1/9/24. To qualify for loyalty discount, members must maintain a checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month for the life of the loan. Members sign an addendum to reduce the interest rate based on qualifications; if at any time the qualifications are not met the rate will revert back to the qualifying rate. 2) For mortgages opened after 2/28/24, members may apply for a one-time, no-fee mortgage loan Rate Reduction within 5 years of the mortgage opening date, after which the 0.50% loyalty discount becomes void. To see loan payment examples, visit https://www.downeastcu.com/lending/lending-rates/. All loans subject to credit approval; rates are based on credit worthiness. Terms and closing costs may vary. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. The Credit Union makes loans without regard to race, religion, or other discriminatory factors. 

Federally Insured by NCUA. Equal Housing Opportunity.