Closed-End Loan



Need a lump sum for a specific purchase?
Looking to renovate your home or yard?
Eager to consolidate your high-interest debt?

A Desert Schools Closed-End Home Equity Loan is versatile for a large purchase, to refinance an existing home equity loan or to simply "cash out" existing equity for your personal needs . . . debt consolidation, heading back to school, home improvement.


Closed-End Loan
  • No points, annual/upfront fees or pre-payment penalties1
  • Competitive fixed rate
  • 15 year term
  • Interest is usually tax deductible2
  • Up to 80% LTV available3

Members with a Closed-End Home Equity Loan may save .25% APR by signing up for eStatements and making automatic payments from their Desert Schools checking account, and may request a home insurance quote from Desert Schools Financial Services.


Income verification may be required. Property must be located in Arizona. Second lien position only. No investment property.
1Closing costs associated with this product are waived, provided the loan is maintained for a minimum of two years. Property insurance is required.
2Consult your tax adviser regarding your individual tax situation.
3Maximum 80% loan-to-value.

Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S.Government Agency. ©2014 Desert Schools Federal Credit Union