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Delta Community Credit Union mortgage review

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Delta Community Credit Union
Minimum credit score
Minimum down payment (Conventional)
State availability
Only available in: AL, AZ, CA, CO, DC, FL, GA, IN, KY, MA, MD, MN, NC, NY, OH, SC, TN, TX, UT, VA

Our verdict

Great perks for first-time homebuyers and $500 off closing costs through December 2021, but interest rates are slightly higher than average.

Although experienced homebuyers will find numerous loan types to choose from, the real winner here is the loan for first-time homebuyers. Delta Community Credit Union's First-Time Home Buyer Program ditches the origination fee and PMI, allowing you to keep more money in your pocket. And through December 2021, homebuyers who choose a fixed-rate or adjustable-rate mortgage will save $500 on closing costs.

While these perks are great, you may be able to find a lender offering more competitive rates. Plus, you need to be eligible to join Delta Community Credit Union to even qualify for a mortgage. If you can't or want to keep looking, compare other lenders to find the one that's right for you.


  • 100% financing loan
  • Other mortgage types
  • First-time homebuyer program


  • Above-average credit required
  • Must work with a loan officer
  • Limited loan types available

In this guide

  • Our verdict
  • Details
    • Features
  • Your reviews

Delta Community Credit Union originates loans in a variety of states throughout the US, but you need to be a member and not everyone is eligible. With its current promotion and special program for first-time homebuyers, those new to real estate will likely benefit the most. But its expansive offering of mortgage products caters to all sorts of homebuyers and property owners.



Loan products offered Conventional, Jumbo, Home Equity/HELOC, Refinance
Minimum credit score 640
Minimum down payment (Conventional) 3%
State availability Only available in: AL, AZ, CA, CO, DC, FL, GA, IN, KY, MA, MD, MN, NC, NY, OH, SC, TN, TX, UT, VA
NMLS # 401141

Delta Community Credit Union requirements

Although you don’t need to be a member of Delta Community Credit Union to apply for a mortgage, you must become a member before your loan application can be processed. Check with Delta Community Credit Union directly to determine your membership eligibility.
Eligible members then need to meet the following requirements to apply for a mortgage:

  • Be at least 18 years old
  • Be a US citizen, permanent resident or nonpermanent resident
  • Have a minimum average credit score of 640 across all major credit bureaus


Required documents will vary depending on your situation, but you typically need to provide:

  • Recent pay stubs.
  • W-2 forms and/or 1099 forms.
  • A credit application.
  • Personal and/or business tax returns.

Costs and fees

Delta Community Credit Union charges certain fees depending on the type of mortgage you get. For instance, a conventional fixed-rate mortgage may require an origination fee of 1%, whereas a loan for a first-time homebuyer has no origination fee. Delta Community Credit Union also charges a $25 late payment fee and a $25 nonsufficient funds (NSF) fee.
In addition, you’re responsible for any third-party fees associated with buying a home, such as appraisal fees, closing costs and title fees.

How to apply for a mortgage with Delta Community Credit Union

To apply for a Delta Community Credit Union mortgage, follow these steps.

  1. Visit the Delta Community Credit Union webpage and choose Personal, then Home Loans, then Apply Now.
  2. Choose a home loan specialist and select Get Pre-qualified or Purchase a Home.
  3. Create a new account and log in using your new username and password, then locate the draft of your application and choose Start.
  4. Read through the welcome page. Then, provide information about the purpose of the loan, property details and coborrower information. Select Next when finished.
  5. Enter additional personal information, including name, date of birth, Social Security number, current address, employment information and gross monthly income.
  6. Provide information about your liabilities, expenses and creditworthiness, then select Next.
  7. Select your preferred rate and terms and review the details about your chosen loan program. Select Next when ready.
  8. Fill out the disclosure forms, declarations and demographic information.
  9. Review your application and hit Submit.

What types of mortgages can I get through Delta Community Credit Union?

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
This company accepts mortgage refinance applications.

Other mortgage products Delta Community Credit Union offers

  • First-Time Home Buyer Program. A special program for first-time homebuyers that includes a down payment as low as 3%, no origination fees and no monthly private mortgage insurance (PMI).
  • 100% Financing Home Loan. A no-down-payment loan available for borrowers who have a credit score of 720 or higher. However, Delta Community Credit Union does charge an origination fee, generally 1% of the loan amount.
  • Land Lot Loan. A loan specifically for borrowers who wish to finance the purchase of a lot up to 10 contiguous acres to build a custom home.
  • Purchase Money Second Loan. Designed for homebuyers who want to buy a home but don’t have or don’t want to provide a down payment. The Purchase Money Second Loan supplements the first mortgage and acts as the down payment.

How Delta Community Credit Union’s mortgage products compare to other lenders

Like most traditional lenders, Delta Community Credit Union offers an ample selection of mortgage products that cater to both first-time homebuyers and experienced homeowners. But if you’re looking for a government-backed home loan, you’re going to have to look elsewhere. Delta Community Credit Union doesn’t offer government loans like FHA loans, VA loans and USDA loans.
Through December 2021, Delta Community Credit Union is also offering $500 off closing costs on fixed-rate and adjustable-rate home loans.
For what it’s worth, Delta Community has taken the time to address nearly all negative reviews on the BBB website, stating that “As a matter of practice, [they] always have a senior member of [their] Leadership Team with responsibility for the relevant operational area contact members directly when [they] are notified of a complaint by the Better Business Bureau.”

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Delta Community Credit Union pros and cons

Delta Community Credit Union offers a handful of benefits to homebuyers. But there are some drawbacks to consider, too.


  • First-time Home Buyer Program. Unlike its other mortgage types, this program features no origination fee and no monthly PMI.
  • $500 off closing costs. Homebuyers who secure a fixed-rate or adjustable-rate mortgage will receive $500 off closing costs through December 2021.
  • 100% financing mortgage. If you have a credit score of 720 or higher, you can skip the down payment entirely with Delta Community Credit Union’s 100% Financing Home Loan.


  • Mediocre interest rates. Though exact rates will vary depending on various factors, published rates Delta Community Credit Union provide show a rate of 3.125% for a 30-year fixed-rate mortgage. This is a bit higher than the current US weekly average of 2.96%.
  • No government loans. Delta Community Credit Union doesn’t currently offer popular government loan options, such as FHA loans, VA loans and USDA loans.

What is Delta Community Credit Union?

Delta Community Credit Union is a federally insured credit union headquartered in Atlanta, Georgia. It offers personal, small business and commercial financial services, including checking and savings accounts, retirement and investment products, auto loans, home loans and more.
Founded in 1940, Delta Community Credit Union has become Georgia’s largest credit union and among the 30 largest in the United States with 30 branch locations and more than $8 billion in assets.

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