Lender History:
DUCA Financial Services Credit Union was established in 1954, originally as the Ontario Hydro Credit Union, to serve the financial needs of Ontario Hydro employees. Over the decades, DUCA expanded its membership to include individuals across various sectors and communities, evolving into a full-service financial institution. In 2005, the credit union adopted its current name, reflecting its commitment to innovation and community-focused banking. Today, DUCA continues to offer a range of financial products and services, driven by a mission to empower its members and support local initiatives.
Key Strengths
DUCA's key strengths lie in its innovative HELOC rental program, which provides a unique opportunity for borrowers to access funds without the burden of a traditional stress test. This means increased accessibility for those looking to leverage the equity in their homes. Additionally, DUCA's flexible ratios allow for tailored financing options that cater to individual circumstances, making it easier for clients to secure the financing they need. This combination of features positions DUCA as a supportive partner in achieving financial goals.
Factors to consider:
Where does DUCA lend? Lending locations are dependant on proximity to branches. Here is a link to DUCA’s website outlining branches.
Does DUCA lend to individuals New to Canada and First time home buyers? Absolutely. I’d say this is one of their big strengths in their new to Canada programs and empowering first time home buyers.
DUCA also has strong programs supporting investors, particularly with their HELOC on rental program.
Is DUCA Credit Union the smartest move for your mortgage?
I’ll help you find out… no guesswork, just answers.
Thinking of Using DUCA? Here's What You Really Need to Know
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DUCA’s mortgage lending is provincially focused on Ontario. They are well-equipped to serve both urban and rural locations via a combination of physical branches, digital processes, and mobile specialist outreach. If you're looking to finance a property within Ontario, DUCA can likely support you - especially in areas where they have a strong presence or digital delivery is feasible.
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Oui. Yes. Both.
DUCA offers full bilingual servicing across Ontario in English and French in their call centres - making life easier for borrowers and brokers alike.
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DUCA offers a wide range of mortgage solutions, including low-rate insured mortgages, second mortgages, co-op financing, and home equity lines of credit (HELOCs). They also provide flexible products like the Flex Mortgage (split into multiple segments), near-prime and alternative lending options for borrowers with unique situations, and conventional rental property mortgages for investors.
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Haventree is known as a short-term solution lender - typically offering 1- to 2-year terms.
Perfect for clients who just need a stepping stone before graduating to prime. -
They’re in the alternative lending space, but here’s the kicker:
Some of their rates aren’t far off from what you'd find at traditional banks—with way fewer hoops.
📞DUCA Credit Union Contact & Helpful Tools
Looking to learn more about DUCA Credit Union or explore their mortgage options? Here’s the key info you need, with no guesswork, no hassle.
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5255 Yonge Street, 4th Floor
Toronto, Ontario , M2N 6P4
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Toll-free: 1-866-900-3822
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Hours of Operation:
Monday - Friday: 9:30am - 7:00pm and Saturday: 9:30am - 1:30pm -
www.haventreebank.com — Explore their programs, check eligibility, or use their handy Payment Calculator to estimate your monthly mortgage payments.
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Contact Information and Links for DUCA:
Head Office Location:
5255 Yonge Street, 4th Floor
Toronto, Ontario , M2N 6P4
