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 / Loans / Home / Fixed-Rate Mortgage
 

Fixed-Rate Mortgage

Delta Community’s Fixed-Rate Mortgage Home Loan is a conventional loan that is anything but conventional. You can get a 10, 15, 20 or 30-year loan with a fixed rate. Properties that qualify for our Fixed-Rate Mortgage Home Loan are primary residences, second/vacation homes and rental properties.

 

A Fixed Rate Mortgage is a mortgage where the interest rate is fixed and the monthly principle and interest payment does not change over the life of the loan.

We have several Fixed-Rate Mortgage loans to choose from:

First-Mortgage Purchase or Refinance Home Loan

 

  • Origination fee that’s generally 1% of the loan amount
First-Mortgage No-Origination-Fee Home Loan

 

  • No origination fee

 

Who is this product right for?

Someone who is looking to purchase or refinance a home with a fixed interest rate.

Loan Rates

Click here for up-to-date rates.

Who is this product right for?

Someone who is looking to purchase or refinance a home with a fixed interest rate.

Related Articles

  • FAQs about Applying for a Mortgage

  • 1. In what states does Delta Community CU offer mortgage loans?

    We offer first and second mortgages in the following states:



    Alabama Indiana North Carolina Utah
    California Kentucky Ohio Virginia
    District of Columbia Michigan South Carolina
    Florida Minnesota Tennessee
    Georgia New York Texas



    To apply for a mortgage in another state locate a credit union in your state at www.creditunionsonline.com.



    2. On what properties does Delta Community CU offer mortgage loans?


    We offer both first (purchase or refinance) and second (home equity) mortgages on the following properties:

    • Single family residence

    • Duplex/multi-unit building
    • Planned Unit Development (PUD) - subvision
    • Condominium
    • Townhouse

    The occupancy types are:


    • Primary residence
    • Second or vacation home
    • Investment Properties

    3. What types of mortgage loans are not offered at Delta Community CU?


    We do not currently offer FHA loans, construction loans, VA loans or "rehab" loans.



    4. What types of structures will Delta Community Credit Union finance with a mortgage loan?


    Loans are available on the following types of structures:

    • Single family residences
    • Duplex/Multi unit buildings
    • Planned Unit Developments (PUD) subdivisions
    • Condominiums
    • Townhomes
    • Land/Lot for future building of residence

    We do not offer mortgage loans on mobile homes.

    5. What type of first mortgage products does Delta Community CU offer?


    We offer the following types of first mortgages:

    Fixed Rate Mortgages-

    • 10-15-20 or 30 year terms with or without origination fee
    • Land/Lot Loans 5 and 10 year terms

    Adjustable Rate Mortgages

    • 3/1 year term ARM
    • 5/1 year term with or without origination fee ARM
    • 7/1 year term with or without origination fee ARM
    • 3/1 Helper ARM
    • First Time Homebuyer 5/1 ARM

    First Time Home buyer Mortgages- No Origination Fee

    • 15, 20, 30 year terms
    • 5/1 ARM
    • 7/1 ARM

    Jumbo loans

    • For properties over $417,000


    6. What type of second mortgage products does Delta Community CU offer?

    We offer the following types of second mortgages:

    Home Equity Fixed Rate

    • 5 10 or 15 year terms

    Home Equity Line of Credit (Not available in Texas due to state laws)

    Purchase Money Second Mortgages (first mortgage must be with Delta Community CU)

    • 5-10-15 year terms and 15 year balloon



    7. Where can I determine what my monthly payment and closing costs would be on a mortgage loan?

    Estimated monthly payment and closing costs for a first or second mortgage can be found by using our online Loan Consultant. Click here.



    8. On what day of the month is my first mortgage payment due?

    First mortgage payments are due on the 1st of every month. They are not considered late until after the 15th.



    9. How do I lock the interest rate on my application in process?

    You may lock in an interest rate with an online mortgage loan application or you may contact your Home Loan Specialist. If you do not know the Home Loan Specialist who has been assigned to your loan, click here for our Home Loan Specialists contact information.


    10. When will an appraisal be completed on my home and how much are the appraisal fees?

    Once an appraisal is ordered by Delta Community CU, the appraiser will call to make an appointment to appraise your home.
    Appraisal fees vary depending on the type of appraisal request and the size of the property to be appraised. Contact you Home Loan Specialist for further details. Click here for our Home Loan Specialists contact information.



    11. If I previously applied for a home loan. can I use the same Login ID and Password when applying for another loan?

    Each new mortgage loan application requires its own Login ID and Password



    12. I cannot remember the Login ID and Password to sign into my mortgage loan in progress.

    If you have forgotten your Login ID or Password, contact your Home Loan Specialist. If you do not know the Home Loan Specialist who has been assigned to your loan, any Home Loan Specialist can assist you. Click here for our Home Loan Specialists' contact information.

    13. I just submitted an application and would like to add or remove my spouse as a borrower.

    The Home Loan Specialist assigned to your pending mortgage loan would have to make any changes to the application. Click here for our Home Loan Specialists contact information.

    14. Do I receive a lower interest rate if I enter my mortgage application online?

    Online applications for mortgages do not receive a lower interest rate.




    15. How do I obtain a pre-approval letter?

    When you are pre-approved, you can log into your pending application online and print a pre-approval letter.


    16. I have applied for a mortgage loan and received my initial disclosures, but I have questions. Who should I contact?
    The Home Loan Specialist assigned to your loan application can answer questions about your initial disclosures. Click here for our Home Loan Specialists contact information.



    17. Are appraisal fees refundable if I do not qualify for the loan or wish to withdraw my application?

    Appraisal fees are not refundable.


    18. Do you offer a First-Time Home-Buyer program?

    Delta Community CU offers a First-Time Homebuyers loan product. Contact one of our Home Loan Specialists for details. Click here for a list of Home Loan Specialists and their locations.


    19. What is the minimum score needed to be considered for a for a mortgage loan?

    The minimum credit score differs depending on the loan product you choose and the loan to value (LTV) ratio.



    20. What is the contact information for the Real Estate Services?


    Mailing Address:

    Real Estate Services

    P.O. Box 3289

    Peachtree City, GA 30269


    Physical Address:

    Real Estate Services

    315 North Highway 74

    Peachtree City, GA 30269

    FAX Number: (770)-632-8761
    To contact our Home Loan Specialists by email click here.

    21. Does Delta Community CU sell my information to other companies after I close my mortgage for solicitations?

    It is the policy of Delta Community Credit Union to hold member information in confidence, subject to applicable legal requirements. It is the policy of Delta Community Credit Union not to sell member information for use by non-affiliated third parties. When you close on a mortgage, documents are required to record the transfer of ownership of a property. Since this is a matter of public record some third parties will scan such recordings, and use your name and address, along with Delta Community CU as the lien holder to send solicitations to you.

    22. Do I have to be a member of the credit union to apply for a mortgage loan?

    You do not have to be a member to make an application for a mortgage loan, but you must become a member prior to the closing of your loan.



  • Adding on to Home Equity Loan
  • How can I add additional funds to my existing Home Equity Loan?
    To apply for an increase and add more money to your existing Home Equity Loan, you may apply online. For addtional information about Home Equity loans, click here. You may always submit your questions online by sending a secure message from the Message Center or call 1-800-544-3328 or 404-715-4725.



  • Home Improvement Loan
  • I want to borrow money against my home. What type of loan would be best for me?
    You may apply for a Home Equity Loan by calling us at 1-800-544-3328 or by applying online. Rates and other information regarding our Home Equity Loans can also be found online.

  • Conventional Home Loan
  • What is a conventional home loan?

    A conventional home loan is a 10, 15, 20 or 30 year fixed rate or adjustable rate mortgage. This loan helps members to finance the purchase of a residence or provide cash from existing equity. Qualifying properties include primary residences second/vacation homes and investments.
    Apply online, call our Mortgage Call Center at 866-963-7811, speak with a Home Loan Specialist or click on Real Estate Loans for more information.

  • Adding person to Home Equity Loan without being a joint owner
  • Can the person who is on a deed be included on the Home Equity Loan without becoming a joint owner?

    Yes, a person on a deed can be included on the Home Equity Loan without becoming a joint owner on the member's account.

Apply Now

It doesn’t take long to apply online, and you might even receive an instant approval based on your credit report. Simply click here to start the application, or contact us at 1-800-544-3328.
 
Please click here to find the location and contact information for all of our  Home Loan Specialists.

 

Who is this product right for?

Someone who is looking to purchase or refinance a home with a fixed interest rate.

 
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