DFCU Financial has mortgage loan officers available through each of our branches ready to listen and assist you with your home financing needs. Each of our loan officers has more than 10 years experience in the financial services industry, so rest assured we've got the answers to your questions.

Pre-Qualification vs. Pre-Approval
Doing some homework before looking for your home is a great idea. You can work with us before bidding on a house to prepare for this major event. So what’s the difference between pre-qualification and pre-approval?

• Pre-Qualification (Click here for a pre-qualification worksheet)  DFCU Financial’s experts can look over your financial situation and help you find how much you can afford to spend on your new home. This is called pre-qualification, and gives you a good idea of what kind of home you’ll be able to buy.
• Pre-Approval (Click here for a pre-approval checklist)
  For pre-approval, we’ll verify all of the information you provide with your application (such as how much you earn, how much you owe and your credit rating) and then give you a letter of pre-approval. This gives you a strong position with sellers, who know you’ve been pre-approved and are qualified to buy a new home.

The next step is on you – find the house of your dreams and negotiate the selling price.

Ready. Set. Finance.
Whether you are financing or refinancing your home, we’re happy to help. Currently, all of our mortgage products do not have an origination fee and are serviced for the life of the loan by DFCU Financial. Our mortgage loan officers are ready to meet with you to discuss financing options to help you get in the home of your dreams.
To get started, call or visit a DFCU Financial mortgage loan officer at a location nearest you.

Closing Information
Mortgage closings are done at our branch offices or the office of the title company, realtor or builder you are working with at a time mutually convenient for all parties.

Closing costs

DFCU guarantees that the closing costs quoted to you will not be higher than stated on the Good Faith Estimate provided to you at application unless you, the borrower, accept a different loan amount or change your rate at final approval. Final approval means all conditions have been met and we have agreed to the loan amount and rate for closing. DFCU Financial guarantees:

• Application fee, includes credit report fee and flood certification for your home
• Appraisal fee
• Survey charges, if necessary
• Recording fees for the mortgage documents
• Discount points
• Lenders Title Insurance
• Tax Service Fees
• Closing fees

Costs not included in the guarantee are those that fluctuate based upon your individual needs including funds to establish an escrow account, homeowner’s insurance, amount of interest paid on the loan at closing and additional recording fees to cover additional deeds and/or death certificates, trusts etc. to clear title on the property.

Funds needed to close on your mortgage should be brought to closing in the form of a cashier's or certified check. If you are having funds sent to you from a mutual fund or some other account that requires the funds be wired or mailed to you, please give yourself a few days cushion so the funds are received at least two days prior to your closing.

Insurance

With the exception of an attached condominium, you must obtain homeowner's insurance for your property for at least the amount of your mortgage balance. Four to five days prior to your closing, you should be prepared to present a copy of your homeowner's insurance policy to your loan coodinator/closer at DFCU Financial so that we may complete the closing documents and submit them to the title company providing title insurance for your mortgage.

Attorney's Package

DFCU Financial will be happy to provide an attorney's package for your purchase transaction prior to closing, with advance notice. Please let your loan coordinator/processor know during processing if your attorney requires a copy of the closing documents prior to the loan closing.