DCU Mortgage Learning Center

Welcome to the Mortgage Learning Center, where your journey to homeownership begins. Here, we've tailored a range of tools and resources to cater to first-time homebuyers. Whether you're exploring our Mortgage Calculators to determine your affordability or browsing through FAQs from others embarking on their homebuying journey, you'll find everything you need to approach your new home purchase with assurance.

The DCU 6 Step Mortgage Process for Homeownership

Step 1: Determine Your Budget

Before you start house hunting, understand your financial boundaries. Utilize our home-buying budget calculator for clarity. Try our home-buying budget calculator.

Step 2: Choose Your Mortgage Option

Compare various loan options to identify the one that aligns best with your requirements.

Step 3: Get Prequalified

Being prequalified showcases your commitment to sellers. Our straightforward online application simplifies the process. Our simple online application makes it easy.

Step 4: Select a Home

Armed with prequalification, collaborate with your real estate agent to narrow down your options. When you find the perfect home, craft a competitive offer. What makes an offer competitive?

Step 5: Finalize Your Mortgage Application

Upon offer acceptance, furnish the necessary documents to complete your loan approval. Our seasoned mortgage team will support you through the application to appraisal stages.

Step 6: Closing

Sign the final loan documents and seal the deal on your new home. Congratulations, you're now a homeowner! Explore how closing costs are determined for further insight. Learn how closing costs are calculated.