A Home Equity Loan or "Second Mortgage" may be a solid option for managing debt and offering some peace-of-mind.  Home Equity is the difference between the market value of your home and any outstanding mortgage loan balance(s).

  • Fixed rate and payment (closed-end loan)
  • Variety of terms (180-month maximum)
  • Maximum combined loan-to-value of first and second mortgage is up to 100% of the equity in your home
  • Competitive fixed rate, no pre-payment penalties
  • 15-year maximum term
  • No origination fee!
 Home Equity Loans are perfect to manage:
  • Home improvements/repairs
  • Higher-interest credit card debt (debt consolidation)
  • Medical expenses
  • Vacation
  • Anything else you want to afford!

10 and Done Mortgage*

Lower your interest rate and accelerate your payoff.

  • Fixed interest rate based on 15-year mortgage
  • Financing up to 75% CLTV
  • Financed in-house
  • Amortized over a 120 month period
  • 5 years of employment required
  • No escrow required
  • No prepayment penalty
  • Closing cost not to exceed $1000**
  • Minimum beacon score for all borrowers is 690
  • Maximum loan amount = $300,000
  • Duke Credit Union will have first lien position
  • Homeowner's insurance required with Duke Credit Union listed as mortgagee
*Consult a tax advisor. Interest paid may be tax deductible. Approval is subject to qualifications.
**Appraisal fee is separate from the closing costs

Contact us today to get started!

Kecha - (919) 660-0049  NMLS#999044  kecha.hill@duke.edu 
Donna - (919) 660-9762 NMLS#423547  djcooper@duke.edu 
Federally Insured by NCUA.  Equal Housing Lender.  NMLSR ID 410254