Use the equity in your rental property for recurring expenses like upgrades, repairs, or cleaning — what you do with the money is up to you.
Up to 70% LTV
Loan amounts up to $50,000
Low, variable rate of
APR1
Open-ended loan with a 7-year draw period / 12-year repayment
Minimal fees
1APR=Annual Percentage Rate. Rates quoted are the best possible rate for each tier based on credit score and other factors. Other rates and terms are available. The actual rate you qualify for will be based on credit history and other factors. Rates are subject to change without notice but will not increase more than 6.00% above the initial rate or 18.00%, whichever is less. Estimated costs related to the process: Drive-by Appraisal ($225.00), Title Fees ($230.00-$450.00), Origination Fee ($60.00).
The insurance offered is not a deposit and is not federally insured by NCUA. The insurance is not guaranteed by the credit union nor an obligation of the credit union. The insurance may lose value.
DFCU Members,
Our online & mobile banking software partners have made us aware of issues on their end that may be temporarily disrupting these services. We are working with them to correct this as soon as possible.