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From renting to owning: Wendy and Angel’s journey
Hear how this couple became first-time homeowners with help from our Community Heroes First-Time Homebuyer program.
Great rates. Local service. Brighter days.
Feel confident when you buy, refinance or renovate your home.
Compare rates on home loans
See all rates
15-year fixed as low as¹
5.528
%APR
30-year fixed as low as¹
6.020
%APR
5/6 ARM as low as¹
6.210
%APR
Jumbo 30-year fixed as low as¹
5.982
%APR
The service you deserve
Great rates
As a credit union, we’re proud to offer you competitive rates and flexible loan terms.
Local service
Home loans are managed in-house, which means fast, attentive service for you!
Closing cost perks
Purchase a home through the Home Plus program and get up to $7,500 toward closing costs.²
Real voices, real impact
"Kim was easy to work with, answered my questions and went the extra mile to meet my needs."
- Glenda W.
"Awesome response time and communication! Both Stacey and Kristie were quick and easy to help with all my questions."
- Ryland B.
Get more from your mortgage
More closing cost credit. More competitive rates. More local loan servicing.
Mortgage help for heroes
Heroes like teachers, military members, first responders and more can get the perks of the Community Heroes First-Time Homebuyer Program, including no PMI.
Get extra cash with a HELOC
Utilize the equity in your home, condo, townhome, vacation home or investment property.
Mortgage payment assistance
Struggling to make mortgage payments? Learn about programs that can help you get back on track.
FAQs about home loans
What’s the difference between a HELOC and a mortgage refinance?
Mortgage Refinance:
A refinance replaces your existing mortgage with a new loan under new terms. The interest rate, loan balance and repayment period may change. Borrowers refinance for various reasons, such as lowering their rate, changing the term, updating borrowers on the loan or accessing home equity through a cash‑out refinance, which provides a lump‑sum disbursement at closing.
HELOC:
A home equity line of credit (HELOC) is a separate loan secured by your home. In most cases, it is a second lien. It's a revolving line of credit with its own terms and a set credit limit. You can draw funds, repay them and draw again during the draw period, which varies by lender and is often around 10 years.
How long does it take to close on my HELOC or mortgage refinance?
In most cases at Desert Financial, mortgage refinances and HELOCs are able to close in approximately 30 days, depending on appraisal, documentation and underwriting requirements.
Why choose a credit union over a bank or mortgage broker?
Because credit unions are not-for-profit organizations, they typically offer lower rates and fees than banks and mortgage brokers. Credit unions are also known for offering unique loan programs, especially for first-time homebuyers and jumbo loans. Many credit unions also service their own loans, which adds a level of convenience and gives you peace of mind knowing that in most cases, you can make mortgage payments directly to them.
Can you help me find insurance for my home?
Yes, we’re here to help! Get a custom online quote on the spot by clicking here.3
Disclosures
1
Property must be located in Arizona. Annual Percentage Rate (APR) shown effective {current-date} and is subject to change without notice. Visit our rates page for additional rate information and details.
2
The Real Estate Broker Program ("Desert Financial Home Plus") will match you with a participating real estate broker (“Participating Broker”) who will assist in the homebuying experience and will provide the applicable credit toward closing costs. Participating Broker shall provide a credit of 25% of the buyer’s agent commission toward the closing costs, up to a maximum of seven thousand five hundred dollars ($7,500) to be provided regardless of the lender utilized, and a credit of 25% toward the listing agent commission expense, up to a maximum of seven thousand five hundred dollars ($7,500), if the Participating Broker lists an applicable property with a real estate agent from the list of preferred providers. The Participating Broker will confirm each applicable credit is applied by the title company. These credits are applied as a discount from the commission payable to the broker. Use of a Participating Broker is completely voluntary and members financing the purchase of a home with Desert Financial Credit Union (“Desert Financial”) are under no obligation to participate in this Program. Desert Financial does not receive any benefit, monetary or otherwise, from the Participating Broker under this program. Participating brokers are non-affiliated third parties of Desert Financial, and Desert Financial makes no warranties or representations about the services provided by participating brokers.
3
Insurance products and services are offered through Desert Financial Wealth Services, LLC dba Desert Financial Insurance Services. Desert Financial Wealth Services, LLC is a subsidiary of Desert Financial Credit Union. Insurance products and services are not insured by the NCUA, are not obligations of or guaranteed by the credit union or its affiliates and may be subject to risk.