New Lower Home Loan Rates!
Planning a home purchase, refinance or big renovation? Our new lower rates are some of the most competitive in the market, giving you the perfect opportunity to lock in lower monthly payments and more savings!
HOME EQUITY
- Refinance your Existing Mortgage
- Lower Your Monthly Payment
- Pay Off Debt or Get Cash for Any Purpose
MORTGAGES
- Lock in a Lower Rate & Save
- Finance up to 95%
- 100% Local Approvals & Service
You Must Have an Advantage Checking and Debit Card to Receive Special Rate.
*Annual Percentage Rate. This offer is valid for a limited time on qualifying Purchase Money Mortgage Loans (primary residence only) and qualifying 1st Lien Home Equity Loans in the amount of $20,000 or more new money for members with an advantage checking and debit card. This offer cannot be combined with any other promotional offer. Rates, terms and first payment dates vary, are subject to change and are based on individual credit worthiness. On Mortgage Loans, the maximum loan-to-value is 95%. On Home Equity Loans, the maximum loan-to-value is 80%. A typical payment example: 360 monthly payments of $5.93 per $1,000 borrowed. Taxes, fees, and insurance are not included in this example, your actual payment may be higher. Other restrictions may apply. Contact credit union for complete details. Federally insured by NCUA. Equal Housing Lender.
SEE WHAT OTHERS HAVE TO SAY
GET ANSWERS TO FREQUENTLY ASKED QUESTIONS
HOME EQUITY LOANS
What is a Home Equity Loan?
A Home Equity Loan is a loan that allows a home owner to borrow money (for any purpose), against the equity of their home. In Texas, all loans against the home cannot exceed 80% of the value of the home.
What is the maximum term on a Home Equity Loan?
DuGood offers Home Equity Loans with terms up to 30 years. Check out our rates page for current Home Equity terms.
Which Home Equity loan option is best for me?
A shorter term loan is recommended if you want to pay less in interest. This will help save you money. But if lower monthly payments are more important, a longer term loan might be better for you.
How can I use Home Equity loan?
Have a big expense coming up or want to refinance your current mortgage? You can use a Home Equity loan for any purpose, such as:
- Consolidating your debt
- Remodeling your house
- Paying for college, a wedding, or once in a lifetime trip
Another reason to get a home equity loan is to refinance an existing mortgage for the low rates and low closing costs.
Mortgage Loans
What kind of mortgage loans do you offer?
DuGood offers conventional financing with in-house servicing. We can also assist borrowers in obtaining government mortgage loans. Please contact one of our experienced Mortgage Lenders to review your options.
An ARM is a good option when interest rates are high, or if you’re looking for an initial lower rate with a lower monthly payment, or if you plan to sell your home, pay off your mortgage or refinance within five years.
What is the best home loan option for me?
A shorter term mortgage is recommended if you want to pay less in interest. This will help save you more money. But if lower monthly payments are more important, a longer term mortgage might be better for you.
What is an Adjustable-Rate Mortgage (ARM)?
An Adjustable-Rate Mortgage (ARM) is a loan that offers a lower initial interest rate than most fixed rate mortgages for a set period. After the initial period, the interest rate can change, based on an index and a margin, and the monthly payment could go up or down accordingly.
DuGood offers a 5/1 ARM which means the interest rate is fixed for the first five years and will be subject to change annually for the remaining term of the loan.
HOME REFINANCE
When should I refinance my mortgage?
- When you want to shorten the term of your loan
- When interest rates are at least 2% lower than your current rate.
- When your home's value has gone up and you would you like to pay off high-interest debt like credit cards or make a large purchase.
We understand that every individual has a unique situation. What might work for one person might not be the best fit for someone else. If you're looking to refinance your home, give us a call and let us help find the right solution for you.
Do you offer additional refinance rates?
Yes. For a majority of our members, we're able to refinance their mortgages through a home equity loan. The benefit of using a home equity loan is that you pay less in closing costs. However, as every situation is unique, we recommend you talk to one of our trusted Mortgage Advisors to understand which option is best for you. Click here to request a call back.
Can I refinance my current Mortgage?
Yes, contact our Mortgage department to see what home loan options are best for you at (409) 899-3430 extension 126.
What financing option is best for me?
For a majority of our members, we're able to refinance their mortgages through a home equity loan. The benefit of using a home equity loan is that you pay less in closing costs. However, as every situation is unique, we recommend you talk to one of our trusted Mortgage Advisors to understand which option is best for you.