Making your dream home a reality.
Why not turn to the credit union you trust for one of the biggest financial decisions you will make? Through our partnership with the Mortgage Center, we offer:
- Competitive rates
- Low fees and closing costs
- Fast processing
- Knowledgeable staff
A no-cost pre-qualification can help discover how much you can afford and to make your purchase offer more appealing to sellers. With a pre-qualification in hand, the seller will know you are a serious buyer and can afford the price of their home.
Refinancing
Do you already have a home and wonder if you should refinance? That question is unique to each homeowner’s circumstances. Since your home is likely to be one of your biggest expenses, making sure you aren't paying too much for your mortgage is an important part of your overall financial plan. Here are some things to consider when looking at your existing situation:
- How much longer do you anticipate being in your current home?
- What’s your current rate and what rate might you qualify for by refinancing?
- Is your current mortgage an adjustable rate or balloon loan?
- Are you looking to do a home improvement project and want to leverage the equity by doing a cash-out?
- Are you looking to reduce your term to pay off your mortgage sooner?
Let one of the experienced professionals through the Mortgage Center help walk you through the process to determine if refinancing is right for you.
Rates
Mortgage Rates
| Mortgage Purchases | ||
| Effective Date: Wednesday, September 23rd, 2020 | ||
Rates quoted are for conventional purchase with no points; lower rates available. Visit Mortgage Center for more options. | ||
| Term | Fixed APR As Low As | Rates As Low As |
| 30 Year Fixed | 2.982% | 2.875% |
| 20 Year Fixed | 2.999% | 2.875% |
| 15 Year Fixed | 2.545% | 2.375% |
| 10 Year Fixed | 2.497% | 2.250% |
FNMA Maximum Amount: $510,400.00 The information provided assumes the purpose of the loan is to purchase an existing single family detached home and will be used as a primary residence. The loan amount is $150,000 and the purchase price is $200,000. For Golden Jumbos, the loan amount is $500,000 and the appraised value is $625,000. For USDA Loans, the loan amount is $100,000 and the appraised value is $102,827. The property is located in Oakland County, Michigan. There is an escrow account for property taxes and homeowners insurance. The rate lock period is 45 days and the assumed credit score is 740 or higher. The monthly payment amount shown includes only principal and interest. The escrow for property taxes, homeowners insurance, flood and/or mortgage insurance if applicable are not included in the monthly payment amount. Your actual monthly payment will be higher with escrow account included. The interest rates, APRs and points shown may change throughout the day due to varying market conditions. Rates are subject to change. To get more accurate and personalized results, please call 800-353-4449 to talk with a loan expert. APR = Annual Percentage Rate | ||
What You Need to Get Started
To help expedite your application, please make sure you have the following information available when you are ready to apply.
- Current and previous addresses (2 years)
- Property information (if applicable)
- Current and previous employment information and dates including monthly salary
- Bank account statements
- Current monthly housing expenses such as rent and mortgage payments
- Address and market value information for properties you own, including taxes & insurance
- Sources and income amounts for all borrowers. If you are a W-2 employee, pay stubs for the last 30 days.
- If working with a real estate agent, their name, company and phone number
We offer several options to start the mortgage application process. If you are comfortable, you can start the process online or, if you prefer to speak to someone, call 800.353.4449 Monday – Friday 8 a.m. to 7 p.m and Saturday 9 a.m. – 1 p.m.
Home Buying & Home Improvement
- Is It Time to Refinance Your Home?
If you haven’t taken a look at your mortgage within the last five years, it may be time for you to consider refinancing. Learn More
- What To Look For When Considering A Home Equity Loan
There are several items to keep in mind when evaluating your home equity options. Learn More
- Five Insurance Tips for Your Home Updates
These do's and don'ts can help keep you protected during a home improvement project. Learn More
- Prepare Your Home For Winter
Ensure your house is ready for the winter season with these tips. Learn More
- A Home Equity Loan Could Increase The Value of Your Home
Did you know you can tap into the equity of your home with a home equity loan with LOC? Learn More
- The Quick Ins and Outs of a Mortgage
Because no mortgage is created equally and will make up the biggest and most meaningful financial transaction of your life, it’s important to familiarize yourself as much as possible with the ins and outs of a mortgage. Learn More
- How Much Does a Home Remodel Really Cost?
Remodeling your home can be exciting, expensive, but oh so fulfilling. Maybe you’ve been dreaming of an updated kitchen in the house you want to buy, or new tile and fixtures for the bathroom in your current home. Learn More
- Creating & Using Wealth Through Homeownership
Homeownership can get you started on the path to financial success. Unlike renting, buying a home allows you to build wealth and equity. By paying down a mortgage every month, you are creating equity that you can borrow against when needed. Learn More
- How to Prepare Yourself for a Mortgage
So it’s time to start looking for a mortgage, where should you start? Here are some great tips and tricks to get you the perfect mortgage. Learn More
- Buying a Home in the Spring
Spring is the most popular time of the year for buying and selling homes. With so many buyers in the market, you’ll want to make sure you stay competitive. Follow the tips below to help you land the home of your dreams. Learn More
- Home Equity Loans vs Cash-Out Refinance. Which is Right For You?
A home equity loan and a cash-out refinance on your mortgage are two ways to access the value that has accumulated in your home. Although the loans are similar, they’re not the same. Learn More
- The Pros and Cons of Buying vs Renting a Home
Should you buy or rent a home? It really comes down to what makes the most sense for your situation, budget and plans for the future. Learn More
