Why wait to get into your first place?
You might be able to get a home quicker than you think. With Deere Employees Credit Union’s First Place Loan, you can finance up to 100% of your home’s purchase price. That means you don’t have to come up with a huge down payment to make your dream of homeownership a reality, and DECU’s First Place Loans do not require mortgage insurance—which will save you even more money.
Is a First Place Loan right for you?
- Finance up to 100% of your home’s purchase price.
- You don’t have to pay mortgage insurance.
- Realize your dream of home ownership now.
- Save the money you would normally use on a down payment.
- DECU services all the mortgages we finance.
- Your interest rate can be lower than a fixed rate mortgage
How to Build Home Equity
Building home equity means building a monetary value you can access now or later by selling your home or taking out a home equity loan. Your home equity is calculated by subtracting what you owe on your home through a mortgage from the current value of your home if you were to sell it today. […]
Why Now Is a Good Time to Buy a House
While the real estate market has benefited home sellers for the past few years, many experts believe it’s quickly becoming a better time for buyers. Inflation has been a struggle for the U.S. throughout much of 2022 and the beginning of 2023, and this might make you think home prices will follow suit. However, the […]
5 Important Things to Look for When Buying a House
Finding the perfect home, buying it, and raising a family there has long been an American dream. Not everyone’s dreams look exactly that way, but most still aim to buy a home at some point in their adult life. It’s easy to be drawn to the aesthetic of a house when buying, but there are […]
Renting vs Buying a Home: The Pros & Cons Explained
There are many factors to consider when renting vs. buying a home, and both have their own set of pros and cons that you need to consider before deciding. For example, renting is great for people who are unsure about their job security or often like to move around. On the other hand, buying a […]