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First Mortgage Loans
Buying a home is probably the most important thing you will you do in your life. Your home is where memories are made and where you relax. Your home is a part of you. Taking out the mortgage on that home, though, can be frightening. If pays to work with someone you trust. Diamond Valley FCU offers great mortgage plans with great rates and convenient terms.
Diamond Valley FCU offers first mortgage terms of 10, 12,15, 20 and 30 years. Our 30 year mortgages are provided by USA Financial. There are no points on 10 and 12 year terms. A point is 1% of the overall amount financed. (Example: $1,000.00 on a $100,000.00 home) Other closing costs total around $600.00 and that includes appraisal, legal opinion, filing fee, flood determination and abstract work.
To apply for a mortgage loan or to refinance your current mortgage ask for an application at any Diamond Valley FCU location. Mortgage Originators are available at all three branch locations.
We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. Mortgage loans are available to qualified members in most southwestern Indiana and western Kentucky counties. The information provided is accurate as of 5/00 and may change after that date. Please contact a Mortgage Loan Officer at any Diamond Valley FCU office for current rates and further details.
Home Equity Line of Credit
Home equity lines of credit are an excellent source of credit for homeowners that need to borrow money. Our home equity line of credit works similar to a credit card, allowing users to borrow up to an approved line of credit.
Using the equity in your home can help meet your borrowing needs at a low variable rate. Typical use of funds include: consolidating debt, home improvements, buying a new auto, and paying for tuition. Apply for your home equity line of credit today. Call our Mortgage Department at (812) 425-5152.
Home Equity Line of Credit Features:
As low as 4.00% APR* variable rate
No closing costs or annual fees
Up to 100% of home value
Interest may be tax deductible
*APR = Annual Percentage Rate. The variable rate is based on the Prime rate as published in the Wall Street Journal (5.00% as of press time) and is dependent upon the equity in your home. Rate may change without notice.
Maximum APR is 18%. Qualified loan borrowers must meet membership qualifications and certain loan requirements. Borrowerıs primary residence only. Homeownerıs insurance required. Title, appraisal, flood determination, and recording fees are required and any costs accrued will be paid for by Diamond Valley Federal Credit Union. Minimum advance is $3,000. Call for details. Consult your tax advisor regarding deductibility of interest.
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