Other Real Estate Lending Options

DuTrac offers many other real estate loan programs:

Lot Loans
A Lot Loan allows you to purchase the land today that you intend to build a residence on in the future! Your principle and interest payment are fixed for three years. At the end of three years the mortgage must be paid in full.

Loan Modification(s)
Members who already have an existing owner-occupied first mortgage with DuTrac may modify their fixed-or adjustable-rate mortgage to a lower rate with reduced closing costs saving them money now and in the future!

Investment Property Loans
DuTrac offers loans for the purchase or refinancing of a non-owner occupied 1-4 family unit investment property. An Investment Property loan requires a 20-25% down payment and is available with a 15-30 year fixed rate.

Second/Vacation Home Loans
This program is designed to allow members to purchase or refinance a vacation home or a second home. The down payment required is as little as 20% with an amortization of up to 30 years. The home must be a single family dwelling, including condos.

Bridge Loans are temporary loans that bridge the gap between the purchase time of your new home and the selling of your existing home.

Jumbo Loans are mortgages for homeowners looking to finance or refinance more expensive homes.

If you have further questions regarding DuTrac Community Credit Union’s products or services, please contact one of our highly qualified real estate lending consultants by e-mail at realestate@dutrac.org, in person at any of DuTrac’s convenient locations or by phone at (563) 582.1331, or (800) 475.1331.