Mortgage Rates
Come home to a better mortgage. We structured our rates to benefit you, so you can get more for your money when you're purchasing a home or refinancing your home loan.
Take advantage of our competitive rates on various mortgage options
Right now, you can save up to $1,120* on closing costs. Apply by September 30 to save $745 in processing and underwriting fees. Plus, save up to $375 on appraisal by attending our free Homebuyers Workshop.
As a not-for-profit credit union in Michigan, we can offer lower mortgage rates because we answer to and are owned by you, our member.
The financial champion of homebuyers
We’re here to help you through the entire process, from a True Preapproval through getting the keys to your dream home. Learn more about our process.
| Fixed-Rate Mortgage | ||||
| Available for terms up to 30 years. Here are just a few examples of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 30 Year | 6.875% | 0.309% | 6.935% | $1,313.86 |
| 20 Year | 6.750% | 0.152% | 6.808% | $1,520.73 |
| 15 Year | 6.500% | 0.463% | 6.621% | $1,742.21 |
| 10 Year | 6.375% | 0.371% | 6.525% | $2,258.26 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $200,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. | ||||
| Adjustable-Rate Mortgage | ||||
| ARM loans amortized for 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 5-Year ARM | 5.750% | 0.371% | 6.934% | $1,167.15 |
| 7-Year ARM | 6.000% | 0.371% | 6.842% | $1,199.10 |
*APR = Annual Percentage Rate. The initial payment is based on a $200,000 loan on a $335,000 property in Michigan, amortized for 30 years. This assumes the loan is for the refinance of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater. After the initial fixed period, the principal and interest payment can change every year for the remaining life of the loan. View payment details. | ||||
| FHA Mortgage | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 30 Year Fixed | 7.125% | 0.000% | 8.226% | $1,134.03 |
| 15 Year Fixed | 7.000% | 0.000% | 8.067% | $1,457.79 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $200,000 and consists of principal, interest and mortgage insurance premiums. The payment does not include taxes and other insurance premiums. The actual payment amount will be greater. | ||||
| Jumbo Mortgage Loan | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 15 Year Fixed | 6.750% | 0.463% | 6.840% | $6,426.21 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $726,500 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. | ||||
| Vacant Land Loan | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 10 Year Fixed | 7.625% | 0.000% | 7.715% | $1,790.33 |
*APR = Annual Percentage Rate. This interest rate is based on 10 acres or less. The payment is based on a loan amount of $50,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. For parcels in excess of 10 acres, contact our Mortgage Department at 866.674.2848 for more information. | ||||
*The up to $1,120 incentive applies to home purchases only and includes 1) waiver of $295 processing fee and a $450 underwriting fee for mortgages applied for between 3/1/2023 and 9/30/2023, and 2) coupon toward a free appraisal (up to $375) when attending a free Homebuyers Workshop prior to closing. Appraisal coupon credit will be applied at the time of closing.
