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get the cash you need to purchase your dream house

We have mortgage products to accommodate your needs!

Looking for a new home?
Now is the perfect time to start your search; there is a large inventory of homes on the market and many sellers are willing to negotiate favorable prices. Whether you are a first-time home buyer, or looking for a different home, you can count on MSGCU to help make the transition a dream come true!

Start your search with confidence!
Before you begin your search, contact an MSGCU mortgage expert who will guide you through the entire home-buying process, starting with the pre-approval. You will be confident that as a pre-qualified home buyer, you have the advantage of negotiating a better purchase price with the seller!

Gimmick-free mortgages
At Michigan Schools and Government Credit Union, you can trust that our easy-to-understand, low-cost mortgages will save you money. If you are shopping for the best deal, contact one of our mortgage experts who will gladly review, free of charge, any competitor’s Good Faith Estimate to help you with the process.

At MSGCU you will not be charged any of the following fees:

  • No Administration Fee
  • No Application Fee
  • No Commitment Fee
  • No Document Preparation Fee
  • No Funding Fee
  • No Mortgage Broker Fee
  • No Origination Fee
  • No Processing Fee
  • No Tax Service Fee
  • No Underwriting Fee
  • No Wire Transfer Fee
  • No Escrow Waiver

Call 586.263.8800 or 1.866.MSGCU4U, option 4 for assistance.

Mortgage Calculators
Credit Life & Disability
Insurance
Homeowners
Insurance

MSGCU's Anti-Redlining Disclosure

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Fixed Rate Mortgages
Step into your dream home with a great mortgage from MSGCU.
Adjustable Rate Mortgages
How about a lower initial rate and monthly payment for your next home?
Balloon Mortgages
Not planning on staying in your home forever? Then check out a Balloon Loan from MSGCU.
Home Equity Loans
Need some extra cash? Apply for a Home Equity Loan at MSGCU.
Interest Only Loans
Reduce your monthly payment with our interest only option.
Bridge Loans
Worried about buying a new home and not being able to sell your existing home?
Vacant Land Loans
Purchase parcels of unimproved land or refinance your existing loan.
Mortgage FAQs
Answers to the most frequently asked questions about mortgages.
Tools & Resources
A list of educational mortgage websites.
Minimum Down Payment Requirements

Single Family Homes
10%
Condominiums
30%
Investment Properties
30%
Vacant Land
30%

If your down payment is less than 20%, Private Mortgage Insurance (PMI) is required. Private Mortgage Insurance financially guarantees your loan with your mortgage lender and is an insurance generally accepted in the mortgage industry.



© 2009 Michigan Schools and Government Credit Union • All rights reserved
40400 Garfield Road • Clinton Township, MI 48038 • 586.263.8800

Routing number: 272480173

Any Questions? Please contact us or email us at service@msgcu.org

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Your savings federally insured by NCUA to at least $250,000 and backed by the full faith and credit of the United States Government. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.