When you’re ready for more than just housing.
First Mortgage
- Purchase of a new home or refinancing existing homes
- Fixed rates
- Long-term plans are available
- Minimum down payment determined by your credit score
- Rates determined by credit score and loan to value
Construction
- Long-term plans are available
- One-time closing
- Rates determined by credit score and loan to value
Quick Close Loan
If you have a low balance on an existing mortgage and are looking to refinance at a better interest rate, then this option is for you. A “quick close” mortgage receives the credit union’s lowest available closing costs and is available in 5, 10, 15, 20, or 30-year loan terms.
Refinance
Did you know that when interest rates go down, your mortgage payments can go down, too? Choosing to refinance your existing mortgage simply means you are taking advantage of a better interest rate than the one you are currently paying against. It’s a fiscally smart move that can save you thousands of dollars over the life of your mortgage – while also keeping more of your money in your pocket. Refinancing allows you to:
- Obtain a lower interest rate and paying less fees
- Reduce the number of years to pay off your mortgage
- Consolidate any existing debt
- Reduce or eliminate Private Mortgage Insurance (PMI)
So stop in and drop your rate. You can refinance your current mortgage through DoverPhila at any time, even if your mortgage was generated through another lender.
Home Equity
-
-
- Long-term plans are available
- Rates determined by credit score and loan to value
- Revolving line becomes available as balance decreases
-
-
-
- Fixed-rate, closed-end mortgage
- One payment for life of loan
- Rates determined by credit score and loan to value
-
Apply For A Mortgage
So, why DoverPhila?
It is reasonable to think that no actual difference exists between a credit union and a bank; especially for highly regulated mortgage loans. However, credit unions are not-for-profit institutions owned by its members. Banks are for-profit industries that report to shareholders. A key difference is the desire for credit unions to build and keep relationships with people within their community. The result?
- Lower loan rates. Profits transfer back to members of DoverPhila as lower loan rates.
- Zero application fee. We process the application, documentation, and verification as a service to our members.
- No monthly service fee. We maintain the loan with no additional monthly fees.
Calculators
Customized calculators help our members see their financial future with the clarity they desire. From determining the cost of a mortgage or installment loan with different time intervals and rates, to calculating retirement savings, members gain the knowledge necessary to make informed financial decisions. Click on the links below to view the corresponding calculator.
Calculators are provided as a courtesy through a third party. The credit union does not assume any fiduciary duty and cannot guarantee the accuracy of the calculators. Use of the loan calculators above is not a guarantee of credit. Click here or the button below for our loan calculator disclaimer.
Calculators
Customized calculators help our members see their financial future with the clarity they desire. From determining the cost of a mortgage or installment loan with different time intervals and rates, to calculating retirement savings, members gain the knowledge necessary to make informed financial decisions. Click on the links below to view the corresponding calculator.
Calculators are provided as a courtesy through a third party. The credit union does not assume any fiduciary duty and cannot guarantee the accuracy of the calculators. Use of the loan calculators above is not a guarantee of credit. Click here or the button below for our loan calculator disclaimer.
Loan Payment Options
When making loan payments, members have a variety of options that best suit their needs and lifestyle. Mail it, stop in at a branch, use our electronic and mobile services, or establish automatic payments so there’s never a concern about missing a payment.
- Payroll deduction
- Automatic transfer
- Smartphone app
- Online banking with On Line-On Time® Home Banking
- Online bill pay
- U.S. mail
- In person at a DoverPhila branch or ATM
- Over-the-Phone Payment using a credit or debit card
- Over the phone with our contact center using an existing DoverPhila account
- Recurring ACH Origination
Skip-A-Payment
The unexpected is part of life. When it happens, our Skip-a-Payment benefit affords members to defer a payment until the end of the loan. To be eligible, the member account must be in good standing with at least 12 months of payment on the loan and haven’t exceeded the number of skips permissible for the life of the loan. This benefit can be applied to auto, personal, share/certificate, and recreational loans. A $35 fee will be applied and all borrowers must sign for the benefit to take effect. Skipped payments process within 24 hours. All eligibility requirements apply.
Youth Share Accounts – DP’s Kids Club
For Kids Ages 12 & Under
Parents, do you want to help your children learn to manage money? Then bring your children, ages 12 and under, to any DoverPhila branch and open their very own share account through DP’s Kids Club.
By joining the club, children learn to manage money early and reap the special rewards this account offers.
Join Today
Simply bring your child, their social security card, birth certificate, and a deposit of $5 (or more) to any of our five convenient locations and activate their account. It’s that easy!
If your child already has a DoverPhila share account, you can open a DP’s Kids Club account for your child. No additional deposit is required. (Note: If you currently have a custodial account, you will need to open a separate account for the DP’s Kids Club.)
DP's Kids Club Benefits
Here are just some of the benefits that come with DP’s Kids Club membership:
- Fun Gifts– Kids receive a postcard in the mail each quarter with an incentive to save their money.
- Membership Card – The official club membership card – kids love them!
- Exclusive Savings – Certificate Accounts with low $250 minimum balance*.
- Games & Contests – Quarterly contest with cash prizes.
- Quarterly Newsletter – Credit union news and money facts tailored specifically to kids.
- Special Events – Youth Week, always the last full week in April, celebrates our youngest members with a bonus on deposits and fun giveaways.
- Financial Tools for Kids – Education is the key to success. Club activities and tools are designed to help kids learn money management.
- Access to Banzai – An award-winning, online financial literacy program that allows members to discover real-world finances through “learning by doing.”
- And More!
Early education is crucial to adopting lifelong money management skills. Working together we can help children learn to successfully manage their money. By joining the kids club, kids are given the opportunity to learn the value of saving money while also having fun.
When your child reaches the age of 13, their financial education really kicks into gear. Their membership will automatically be converted to a DP Savers Club membership.
*Only available to DP’s Kids Club and DP Savers Club accounts.
Not-For-Profit
Discover how DoverPhila's not-for-profit accounts empower your organization's mission.
As a not-for-profit credit union, we appreciate the unique governing structure of not-for-profits, their need to keep expenses in check, and their desires to show results for programming. For that reason, our not-for-profit account offers all of the great features and benefits of our business checking account, but without the monthly service charges (waived for qualified 501c3, not-for-profit organizations).
Why choose DoverPhila for your not-for-profit?
- Member-Centric Focus: We prioritize our members over profits, ensuring your organization benefits from lower or no fees and personalized member service.
- Community Commitment: We are dedicated to supporting the communities we serve, including not-for-profit organizations that make a positive impact.
- Secure and Trustworthy: Your funds are federally insured by the NCUA, providing peace of mind and security for your organization’s finances.
Account Features:
- No minimum balance.
- No monthly service charges.
- Free overdraft protection from your savings account.
- Unlimited transactions check writing*.
- Digital check images through online banking.
- Receive a debit card with access to ATMs.
- Access to online banking, mobile banking, eStatements, paper statements, and PAL.
*While your first order of checks needs to be made through a DoverPhila branch location, you can reorder checks quickly and easily online.
First Mortgage
- Purchase of a new home or refinancing existing homes
- Fixed rates
- Long-term plans are available
- Minimum down payment determined by your credit score
- Rates determined by credit score and loan to value
Construction
- Long-term plans are available
- One-time closing
- Rates determined by credit score and loan to value
Quick Close Loan
If you have a low balance on an existing mortgage and are looking to refinance at a better interest rate, then this option is for you. A “quick close” mortgage receives the credit union’s lowest available closing costs and is available in 5, 10, 15, 20, or 30-year loan terms.
Refinance
Did you know that when interest rates go down, your mortgage payments can go down, too? Choosing to refinance your existing mortgage simply means you are taking advantage of a better interest rate than the one you are currently paying against. It’s a fiscally smart move that can save you thousands of dollars over the life of your mortgage – while also keeping more of your money in your pocket. Refinancing allows you to:
- Obtain a lower interest rate and paying less fees
- Reduce the number of years to pay off your mortgage
- Consolidate any existing debt
- Reduce or eliminate Private Mortgage Insurance (PMI)
So stop in and drop your rate. You can refinance your current mortgage through DoverPhila at any time, even if your mortgage was generated through another lender.
Home Equity
-
-
- Long-term plans are available
- Rates determined by credit score and loan to value
- Revolving line becomes available as balance decreases
-
-
-
- Fixed-rate, closed-end mortgage
- One payment for life of loan
- Rates determined by credit score and loan to value
-
Apply For A Mortgage
So, why DoverPhila?
It is reasonable to think that no actual difference exists between a credit union and a bank; especially for highly regulated mortgage loans. However, credit unions are not-for-profit institutions owned by its members. Banks are for-profit industries that report to shareholders. A key difference is the desire for credit unions to build and keep relationships with people within their community. The result?
- Lower loan rates. Profits transfer back to members of DoverPhila as lower loan rates.
- Zero application fee. We process the application, documentation, and verification as a service to our members.
- No monthly service fee. We maintain the loan with no additional monthly fees.
Calculators
Customized calculators help our members see their financial future with the clarity they desire. From determining the cost of a mortgage or installment loan with different time intervals and rates, to calculating retirement savings, members gain the knowledge necessary to make informed financial decisions. Click on the links below to view the corresponding calculator.
Calculators are provided as a courtesy through a third party. The credit union does not assume any fiduciary duty and cannot guarantee the accuracy of the calculators. Use of the loan calculators above is not a guarantee of credit. Click here or the button below for our loan calculator disclaimer.
Calculators
Customized calculators help our members see their financial future with the clarity they desire. From determining the cost of a mortgage or installment loan with different time intervals and rates, to calculating retirement savings, members gain the knowledge necessary to make informed financial decisions. Click on the links below to view the corresponding calculator.
Calculators are provided as a courtesy through a third party. The credit union does not assume any fiduciary duty and cannot guarantee the accuracy of the calculators. Use of the loan calculators above is not a guarantee of credit. Click here or the button below for our loan calculator disclaimer.
Loan Payment Options
When making loan payments, members have a variety of options that best suit their needs and lifestyle. Mail it, stop in at a branch, use our electronic and mobile services, or establish automatic payments so there’s never a concern about missing a payment.
- Payroll deduction
- Automatic transfer
- Smartphone app
- Online banking with On Line-On Time® Home Banking
- Online bill pay
- U.S. mail
- In person at a DoverPhila branch or ATM
- Over-the-Phone Payment using a credit or debit card
- Over the phone with our contact center using an existing DoverPhila account
- Recurring ACH Origination
Skip-A-Payment
The unexpected is part of life. When it happens, our Skip-a-Payment benefit affords members to defer a payment until the end of the loan. To be eligible, the member account must be in good standing with at least 12 months of payment on the loan and haven’t exceeded the number of skips permissible for the life of the loan. This benefit can be applied to auto, personal, share/certificate, and recreational loans. A $35 fee will be applied and all borrowers must sign for the benefit to take effect. Skipped payments process within 24 hours. All eligibility requirements apply.
Youth Share Accounts – DP’s Kids Club
For Kids Ages 12 & Under
Parents, do you want to help your children learn to manage money? Then bring your children, ages 12 and under, to any DoverPhila branch and open their very own share account through DP’s Kids Club.
By joining the club, children learn to manage money early and reap the special rewards this account offers.
Join Today
Simply bring your child, their social security card, birth certificate, and a deposit of $5 (or more) to any of our five convenient locations and activate their account. It’s that easy!
If your child already has a DoverPhila share account, you can open a DP’s Kids Club account for your child. No additional deposit is required. (Note: If you currently have a custodial account, you will need to open a separate account for the DP’s Kids Club.)
DP's Kids Club Benefits
Here are just some of the benefits that come with DP’s Kids Club membership:
- Fun Gifts– Kids receive a postcard in the mail each quarter with an incentive to save their money.
- Membership Card – The official club membership card – kids love them!
- Exclusive Savings – Certificate Accounts with low $250 minimum balance*.
- Games & Contests – Quarterly contest with cash prizes.
- Quarterly Newsletter – Credit union news and money facts tailored specifically to kids.
- Special Events – Youth Week, always the last full week in April, celebrates our youngest members with a bonus on deposits and fun giveaways.
- Financial Tools for Kids – Education is the key to success. Club activities and tools are designed to help kids learn money management.
- Access to Banzai – An award-winning, online financial literacy program that allows members to discover real-world finances through “learning by doing.”
- And More!
Early education is crucial to adopting lifelong money management skills. Working together we can help children learn to successfully manage their money. By joining the kids club, kids are given the opportunity to learn the value of saving money while also having fun.
When your child reaches the age of 13, their financial education really kicks into gear. Their membership will automatically be converted to a DP Savers Club membership.
*Only available to DP’s Kids Club and DP Savers Club accounts.
Not-For-Profit
Discover how DoverPhila's not-for-profit accounts empower your organization's mission.
As a not-for-profit credit union, we appreciate the unique governing structure of not-for-profits, their need to keep expenses in check, and their desires to show results for programming. For that reason, our not-for-profit account offers all of the great features and benefits of our business checking account, but without the monthly service charges (waived for qualified 501c3, not-for-profit organizations).
Why choose DoverPhila for your not-for-profit?
- Member-Centric Focus: We prioritize our members over profits, ensuring your organization benefits from lower or no fees and personalized member service.
- Community Commitment: We are dedicated to supporting the communities we serve, including not-for-profit organizations that make a positive impact.
- Secure and Trustworthy: Your funds are federally insured by the NCUA, providing peace of mind and security for your organization’s finances.
Account Features:
- No minimum balance.
- No monthly service charges.
- Free overdraft protection from your savings account.
- Unlimited transactions check writing*.
- Digital check images through online banking.
- Receive a debit card with access to ATMs.
- Access to online banking, mobile banking, eStatements, paper statements, and PAL.
