Dover Federal Credit Union

Real Estate Loans

As an important financial decision, you can turn to us for funding when purchasing or refinancing a home. Our experienced and friendly professionals are ready to help find a loan that's just right for you with:

Personal service

Competitive rates

Flexible underwriting

Low closing costs

Ease of application

Mortgages
Home Equity
Land Loans
Convenient Payment Options
Easy to Apply
Home Loan Resource Center
Members Auto and Home Insurance

Mortgages
Dover Federal has home financing options that fit nearly any budget. Count on your credit union for competitive rates, low closing costs and knowledgeable professionals to guide you through the entire loan process. To apply for a mortgage online, click here.

Many variable and non-variable rate options

Apply for a pre-qualified loan online

Streamlined application and paperwork

24/7 online approval

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Home Equity Loans
A Home Equity Loan is the smart way to finance home improvements, achieve a higher education, make large purchases or to consolidate higher interest rate debt. Not only do you get a low interest rate, but the interest portion of your payments may be tax-deductible (consult your tax advisor for details).

There are two types of Home Equity Loans to choose from:

Home Equity Line of Credit
A variable rate Home Equity Line of Credit allows you to access funds (up to your approved limit) as you need it.

Revolving line of credit secured by the equity in your home

The rate is the sum of the index and a margin

The index is Wall Street Journal Prime Rate and the margin will be determined by your personal credit score

Access the line by loan draft, on the Internet or stop by one of our branch offices

Traditional Non-Variable Rate Home Equity Loan
A Traditional Home Equity Loan provides a non-variable interest rate, one lump-sum payout and equal monthly payments over a specific time period.

Closed-end second mortgage secured by the equity in your home

Rates are determined by your personal credit score and length of loan you choose

Home Equity Lines of Credit and Traditional Non-Variable Rate Home Equity Loans:

Require appraisal, property search, flood zone certification, and recording of documents

Loan disbursement will be made after a three business day waiting period after all documents have been completed and signed

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Land Loans
Want to start your home building dreams with some land first? If so, a Dover Federal Land Loan is perfect for you! Purchase or refinance a piece of land in the state of Delaware and receive a competitive fixed rate. Plus, borrow up to 80% loan-to-value of either unimproved (raw land) or improved land for up to 12 years!

For more information or an application, call 302-678-8000 from Kent County, 302-322-4230 from New Castle, or toll free at 888-818-3328.
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Convenient Payment Options
Dover Federal offers several easy-to-use payment methods:

Through automatic deduction from your
Dover Federal Checking Account

By mail

Using the 24/7 Phone Account Access system

Through the My Account online banking system

In person at any Dover Federal branch office

Through Payroll Deduction

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Easy to Apply
To apply for your loan online, click here. You may also fax your application to 302-678-4391, or call 302-678-8000 from Kent County, 302-322-4230 from New Castle, or toll free at 888-818-3328 during regular business hours to have a friendly Credit Union representative take your information over the phone.
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Home Loan Resource Center

Loan Cost Calculator
Before you sign on the dotted line, calculate the total cost of your loan with our convenient Loan Cost Calculator.

Members Auto and Home Insurance

Liberty Mutual offers the members of Dover Federal Credit Union Members Auto and Home Insurance, a program that provides a savings of up to 10% on auto and home insurance. For information about rates and local services, contact Corinne Johnson at 302-449-3461, ext. 53419 or toll free at 888-841-0127, ext. 53419 or email her at Corinne.johnson@libertymutual.com.
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