First Mortgage FOR PURCHASE OR Home Refinance

Home ownership is the American dream. With so many options and so many lenders available in today’s marketplace, it’s important to pursue a deal that’s right for you with someone you can trust.

 Call DCFCU to speak with an experienced Mortgage Advisor 305-471-5080.

Whether you’re buying your first home or refinancing your existing mortgage, DCFCU will help walk you through all the steps involved in receiving the financing you qualify for.

Dade County Federal Credit Union is proud to offer a variety of First Mortgage products, including Conventional Fixed Rate, Jumbo Fixed Rate & VA Fixed Rate loans.

  • Conventional Conforming Mortgages are loans that meet the guidelines and loan limits of Fannie Mae and Freddie Mac (government sponsored agencies that establish guidelines for mortgage lenders).  Most mortgages in the U.S. conform to these guidelines and are considered conventional loans.  Low down payments of as little as 3% is available for qualified borrowers.  Loans with an LTV of more than 80% will require mortgage insurance.

  • A Jumbo Mortgage exceeds the loan limits established by Fannie Mae and Freddie Mac.  If interested in a Jumbo mortgage, contact DCFCU’s mortgage department for the current limit, which generally changes annually.  Since Jumbo loans exceed these guidelines, the interest rates are generally higher than a conventional conforming loan.

  • VA Mortgages have many benefits and allow service members, Veterans and select spouses to take advantage of little or no down payment requirements, no monthly mortgage insurance and provide up to 100% financing.

With a DCFCU Fixed Rate mortgage, you’ll rest assured that your interest rate is guaranteed to remain fixed for the length of the loan. Allowing you to always know what your monthly principal and interest payments will be. DCFCU offers Fixed Rate Mortgages with terms of 10, 15, 20, 25 or 30 years.  

First Mortgages are available for your single family home, townhouse, or villa. No condominiums.

Credit Union Membership required.

*Mortgage loans are subject to credit and collateral evaluation. Products offered, terms, and conditions are subject to change or cancellation without notice. Other restrictions may apply. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE) is a federal law designed to protect consumers and reduce fraud. . The NMLS ID unique to Dade County Federal Credit Union is 410320. Individual MLOs working for Dade County Federal Credit Union also have specific NMLR IDs. Please click to see each individual MLO.