FEATURED

3.054

%
APR**

5-10 YEAR FIXED MORTGAGE

No Hidden Fees

Fast Application

Flexible Terms

Personalized Service

FEATURES

KNOWLEDGE

Founded in 1953, Direct has over 65 years in lending experience

NO NICKLE + DIMING

Rest assured there are no “junk fees” imposed by other lenders for underwriting, processing or document preparation.

PURCHASE OR REFINANCE

✔︎ First-Time Homebuyer

✔︎ Cash-out Refinance 

✔︎ Construction To Perm

✔︎ Multi-Family or Investment Property


ONE-ON-ONE GUIDANCE

Whether you are looking to refinance or buy a new home, your Mortgage Specialist will be there to provide you with expert advice every step of the way. Click here to meet our Mortgage Team.

Quick and easy application; get a preliminary approval within 24 business hours.

FAST APPLICATION PROCESS

FLEXIBLE

Terms ranging from 5 to 30 years, fixed or variable options, and loans from $50,000 up to $2,000,000. 

MORTGAGE RATES

APR**

RATE

Payments shown to not include taxes or insurance. Your payment may be greater.


*Single Family up to $510,400, 2 Unit up to $653,550, 3 Unit up to $789,950, 4 Unit up to $981,700. Call for our increased loan limits in designated High Cost Areas.


**Annual Percentage Rate (APR). The interest rate and APR are subject to change. Your actual rate will depend on various factors including, but not limited to, loan type, credit profile, property type, appraised value, occupancy, subordinate financing and loan size. Mortgage loans cannot exceed $2,000,000.00. Assumes 20% down and 0 points. Subject to credit approval.


***Adjustable rate programs are based on a 30 year term. Our adjustable rate mortgages offer an initial rate that is fixed for either a 5 year or 7 year period. After that period, and every year thereafter, the interest rate can adjust based on current market condition. Each adjustment has a 2% change cap and a 5% lifetime change cap.


****First Time Home Buyer (FTHB) Program. Additional product options available. Call for details.

Viewing
CONFORMING:  Up to $510,400*

3.054%

$9.66

3.000%

3.287%

$7.03

3.000%

3.522%

$4.49

3.500%

3.094%

$4.42


3.375%

3.151%

$4.42


3.375%

FTHB 30-YEAR FIXED 10% DOWN NO PMI****

3.522%

$4.49

3.500%

FTHB 7/1 ARM
10% DOWN NO PMI****

3.151%

$4.42

3.375%

FTHB 5/1 ARM
10% DOWN NO PMI****

3.094%

$4.42

3.375%

COST PER $1000

PRODUCT

JUMBO RATES

Payments shown to not include taxes or insurance. Your payment may be greater.


*Single Family up to $510,400, 2 Unit up to $653,550, 3 Unit up to $789,950, 4 Unit up to $981,700. Call for our increased loan limits in designated High Cost Areas.


**Annual Percentage Rate (APR). The interest rate and APR are subject to change. Your actual rate will depend on various factors including, but not limited to, loan type, credit profile, property type, appraised value, occupancy, subordinate financing and loan size. Mortgage loans cannot exceed $2,000,000.00. Assumes 20% down and 0 points. Subject to credit approval.


***Adjustable rate programs are based on a 30 year term. Our adjustable rate mortgages offer an initial rate that is fixed for either a 5 year or 7 year period. After that period, and every year thereafter, the interest rate can adjust based on current market condition. Each adjustment has a 2% change cap and a 5% lifetime change cap.


****First Time Home Buyer (FTHB) Program. Additional product options available. Call for details.

3.416%

$9.83


3.375%

3.779%

$7.27

3.750%

3.767%

$4.63

3.750%

3.087%

$4.42

3.375%

3.145%

$4.42

3.375%

FTHB 30-YEAR FIXED 10% DOWN NO PMI****

3.767%

$4.63

3.750%

FTHB 7/1 ARM
10% DOWN NO PMI****

3.145%

$4.42

3.375%

FTHB 5/1 ARM
10% DOWN NO PMI****

3.087%

$4.42

3.375%

Viewing
JUMBO: $510,401 - $2,000,000*

COST PER $1000

PRODUCT

RATE

APR**

MORTGAGE CALCULATOR

CONTACT

Questions?

HOURS

Monday—Friday

8:00am-5:00pm


Saturday

8:00am-1:00pm

MEMBER SERVICES

781.455.6500

MESSAGE

A Mortgage Loan Originator will contact you back

LEARN

Fixed Rate Mortgages
have an interest rate that does not change throughout the life of the loan.
  

Adjustable Rate Mortgages (ARM)
have a fixed period of time during which the initial interest rate remains constant, after which the interest rate adjusts at a pre-arranged frequency. 

FIXED RATE
+ ADJUSTABLE RATE
 

Rehab/Renovation
Tear Down
Ground Up


CONSTRUCTION MORTGAGES

Put as little as 10% cash down

Pay no PMI
(Mortgage insurance) requirement

Receive discounted closing costs

Pick from ANY of our mortgage products and terms

FIRST TIME HOMEBUYER
PROGRAM

FAQ

WHAT HAPPENS AFTER MY APPLICATION IS APPROVED?

Once you’ve submitted your application, you will have a personal Mortgage Specialist follow up with you to provide additional help and guidance. Your Mortgage Specialist will be your single point of contact from here. He or she will send you an approval letter, order an appraisal from a licensed appraiser familiar with home values in your area, and prepare your loan for closing. The closing will take place at the office of our attorney in your area, who will act as our agent. Before closing, your Mortgage Specialist will contact you to walk through the final information and answer any questions you might have.



HOW DO I APPLY FOR A DIRECT FEDERAL MORTGAGE?

Completing your mortgage application online is just like completing one on paper — with the added benefit of being able to complete it anytime, anywhere. Plus, at any time, you may stop and save your application; then return to it later. Expect your application to take about 15 minutes to complete. A series of prompts and helpful tips will guide you through each screen to help you through each stage of the application process, which includes the following steps:


  • Start App – You’ll be asked to select a username and password to ensure security and privacy. Create and enter your username and password here and make a note of them for your records.

  • Loan Details – Enter the address, price and other information related to the property you are purchasing OR REFINANCING .

  • Personal Info – Provide the name, date of birth and SOCIAL SECURITY number for each borrower.

  • Employment Income – Tell us about your current employment situation, including gross income and any additional income you may receive.

  • Expenses – What is your current monthly expense for housing?

  • Asset Info – Provide a list of your financial assets, including bank accounts and investments, in order to verify that you have access to sufficient funds to complete the transaction.

  • Submit App – After a few final questions, simply submit the APPLICATION to Direct Federal and a MORTGAGE SPECIALIST will follow up with you


And that’s it! If you could like to get started right away, you may apply now.



WHAT IF I HAVE MORE QUESTIONS ALONG THE WAY?

If you don’t find the information you’re looking for on our website, feel free to call us at 781.433.2929, or stop in and see us.

© 2020 DIRECT FEDERAL CREDIT UNION

Equal Housing Lender. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.