Mortgage rates are at an all-time low

Whether it is your first home, your retirement home, or simply upgrading from your starter home – buying a home can be overwhelming. The challenges viewed in the real estate market are substantial – limited inventory, meeting appraisal standards, saving for a down payment during the recent economic downfall, and access to credit. But, today’s market seems to be on the rise.  

For more than a year, it has been a seller’s market in residential real estate; but recently, it seems as though the market is shifting towards more of a balance for both buyers and sellers. With this upswing, more houses are going up for sale and more people are willing to take the plunge to buy a home because of an increase with inventory. Listings have actually grown about 4% over in the past few months. Not only has inventory grown, but mortgage rates are currently at an all-time low. Mortgage credit availability is about 5% higher now than it was last year at this time.

So, if you are a first-time buyer, or you are looking to get back into the real estate market – now is the time to make your move and if you have questions about mortgages, come see us at the credit union. DoverPhila Federal Credit Union recognizes how crucial the mortgage process is to obtain the funds necessary for purchasing your dream home. We also know that it’s hard to predict the housing market and though today’s mortgage rates are at an all-time low, that doesn’t mean you should sign up for any type of mortgage. Mortgage loans are not a one-size-fits-all type of deal and that finding a loan that suits your needs as a homebuyer is essential. At DoverPhila, we offer loans in Tuscarawas County and in all contiguous counties. We also work with our members to provide a variety of low-cost loan programs with various repayment schedules that make repayment as easy as possible.

As your credit union, we can provide you with great, home-buying opportunities.

First Mortgage

  • Available at 10, 15, 20, & 30 year terms

  • All fixed rates

  • No points

  • Low closing costs

  • Ask a mortgage specialist for down payment options


Quick-Close Mortgage

Designed for our members who have a low balance on their existing mortgage, but would like to refinance at a better interest rate.

  • Available at 5, 10, 15, 20, & 30 year terms

  • Low closing costs


Construction Loan

  • Available at 10, 15, 20, & 30 year terms

  • Only one closing

  • Lock-in rate for the term of your loan


Home Equity Loans

Home equity loans and home equity lines of credit are a great way to pay for expenses as you need to. A home equity can pay for house projects, tuitions, medical expenses, and more. You can also use  a home equity for debt consolidation, which means you will have just one payment to keep track of each month – often with a lower interest rate. We have two home equity products, let us help you determine which one is best for you.


Home Equity One-Time Disbursement

  • Fixed rate closed end mortgage

  • One payment for life of loan

  • Rates determined by credit score and loan value


Home Equity Line of Credit

  • 15 & 20 year variable rate

  • Rates determined by credit score and loan to value

  • Revolving line becomes available as balance decreases