Refinances
Looking to lower your monthly payment? Want a better term? Need to access cash? All three are possible when you refinance your mortgage with Dominion Energy Credit Union.
A refi could provide the financial reset you need
If you need some relief from your current mortgage payments, see what DECU can do for you. You might be able to save a significant amount of money every month by refinancing to a lower interest rate. Maybe you want to shorten your term to pay off your home loan sooner or refinance to access money for a project or debt consolidation. Whatever your goal, DECU has options and resources to meet your needs.
With a fixed-rate loan, you know exactly what you'll pay each month in principal and interest so you can budget with certainty.
- Choose terms of 10, 15, 20 or 30 years
- Your interest rate remains the same for the life of the loan
An ARM lets you take advantage of a lower initial interest rate. With the 5/5, your initial rate remains fixed for five years and then adjusts every five years. This option could help you save money in the short term compared to a fixed-rate home loan.
- Available in a 30-year term only
- Rates cannot adjust more than 2 percentage points during any one adjustment period and no more than 5 percentage points over the life of the loan
| Product | Rate | APR** | Points | P&I |
|---|---|---|---|---|
| 30 Year | 7.250% | 7.392% | 0.2500 | $1,662.80 |
| 20 Year | 7.000% | 7.164% | 0.1250 | $1,889.79 |
| 15 Year | 6.875% | 7.044% | 0.0000 | $2,173.89 |
| 10 Year | 6.625% | 6.888% | 0.1250 | $2,783.26 |
| 5:5 ARM | 6.250% | 6.348% | 0.0000 | $1,500.81 |
| FHA 30 Year | 7.625% | 7.956% | 0.2500 | $1,725.25 |
| VA 30 Year | 7.625% | 7.788% | 0.3750 | $1,725.25 |
Make Your Dreams a Reality
For a custom quote or consultation on your mortgage refinance, contact one of our specialists using the form below.
Frequently Asked Questions
You can apply for loans and credit cards at the same time you join! There is no waiting period before you can take advantage of all our member benefits. The moment you become a member, you can start applying for auto loans, mortgages, and every other service we have to offer.
Click here to apply for a mortgage. We currently offer first mortgages on primary and second homes in Virginia, North Carolina, South Carolina, and Ohio. Our online mortgage portal makes it super easy to apply and gives you control so you can check the status every step of the way
At this time, we do not offer land only or home construction loans.
- To speak to someone in our Mortgage Department please call 866-300-8240 or email decumortgage@dominionenergy.com
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Dominion Energy Credit Union, headquartered in Richmond, Virginia, is a full-service financial institution that serves Dominion Energy employees and offers convenient digital banking services and Bill Payer so members can manage their money from anywhere.