DCCU Routing # 251483311

DCCU's New RateDrop Mortgage

RateDrop Mortgage

How it Works

We know choosing the right financing for your home is important. That’s why we’re giving you more control over your mortgage with our new RateDrop Mortgage. You can lower your mortgage rate every 12 months* if rates drop. No refinancing or new closing costs are required – just pay a processing fee per rate adjustment (The processing fee is 0.50% of the loan principal at the time of exercising the RateDrop option).

*Offers of credit subject to creditworthiness and collateral. One-time processing fee per rate adjustment. Membership required.

Couple moving into home

Benefits of RateDrop Mortgage

  • Drop to a lower rate every 12 months if rates drop*
  • Save time and money — no refinancing and no new closing costs
  • Flexible financing — enjoy flexible options over the term of your mortgage


RateDrop Mortgage FAQs

RateDrop Mortgage is a 5/5 Adjustable Rate Mortgage. 

There is not a limit to how many times you can lower your rate, as long as it has been 12 months since the previous rate adjustment.

You can request a rate adjustment within Online Banking or our Mortgage Team would be happy to answer any questions you have.

Yes, there is a one-time processing fee per rate adjustment that is 0.50% of the loan principal at the time of exercising the RateDrop option. 

You would have to refinance your existing mortgage in order to take advantage of the RateDrop feature.

No, appraisals are not required. 


Contact a DCCU Mortgage Advisor 

At DCCU, we understand that purchasing or refinancing a home is one of the biggest decisions you'll make. That's why we provide both great rates and personal service to our members.

Complete the short form below to have one of our mortgage experts contact you to answer any home loan questions you may have.

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*Eligibility for VA/Military loans is determined by a set of criteria specified by the Department of Veterans Affairs. Eligible Service Personnel includes Active Duty, Selected Reserves or National Guard, Unremarried Surviving Spouses/Spouses of POW or MIA Serviceperson, and personnel discharged under other than dishonorable conditions.