Mortgages | Michigan Credit Union Home Loan Rates

CHAMPIONING YOUR GOALS WITH GREAT MORTGAGE RATES.

TAKE 5: BUYING ON A BUDGET

Brush up on the process, resources and strategies for buying a home on a budget with this 5-minute lesson.

THE HOMEBUYING PROCESS, STEP BY STEP.

No one expects you to be a homebuying expert. That’s our job. We’ll guide you through the process, one step at a time:

Determine your budget. We’ll help you decide how much you’re willing to spend, and what’s realistic for your budget.

Take our free Homebuyers Workshop. Get more details about the homebuying process and a coupon for $375 off a home appraisal (subtracted from your closing costs).

Get a True Preapproval. Our thorough preapproval process prepares you for confident house hunting. You’ll get a preapproval letter that will assure sellers you’re ready to buy.

Find your home. Connect with a real estate professional and let the hunt begin!

Find your mortgage. We’ll advise you on the best type of mortgage for your budget, your lifestyle, and your future plans.

Apply. We make it easy. Most of the application process can be completed online, and there are no application fees. Apply by September 30 and we’ll waive the $745 processing and underwriting fees.

Close. At the closing, you sign the papers that make it all official. We’ll make sure you understand every word…and then celebrate your success!

ADVANTAGES OF AN MSGCU MORTGAGE: SPECIAL PROGRAMS DESIGNED FOR YOU.

Our mortgage programs give you the confidence you need to make your move:

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. Register for a workshop.
True Preapproval. Our approval process includes documentation so that you’re prepared with your real numbers and can be ready for you in as little as one to two hours.
Interest Rate Lock and Shop. Available 90-day interest rate lock protects you from market fluctuations while you search for the right home.
0% down payment mortgage for first-time homebuyers. Finance your entire mortgage without needing cash for a down payment.
Earn a $100^† bonus with our Member Referral Program. If a member recommended us to you, work with the Mortgage Consultant that served your friend or family member and you'll both get rewarded.

Learn more

OUR MORTGAGE PRODUCTS

Different situations call for different mortgages. We can help you choose the right one for you.

Fixed-Rate Mortgage

Adjustable-Rate Mortgage

TOOLS FOR HOME BUYERS

Use these calculators to get a clearer picture of the path to your home goals.

*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.
†You must be a legal resident of the United States of America, at least 16 years old, and a member of MSGCU to participate in the Program. Referrals made to existing members of MSGCU are invalid. By making a valid referral that is completed by a Friend in accordance with the Program Terms, you and the Friend will each receive a cash reward as follows: $5 for a new MSGCU membership which is established by the Friend and remains in good standing for a period of at least 60 days; $25 for an approved and funded Auto, RV, Boat or Power Sport loan of $5,000 or more applied for by the Friend within 10 days of membership open date; $25 for a new MSGCU VISA credit card which the Friend must apply for within 10 days of membership open date and be approved for within 30 days of application date; $100 for an approved and funded mortgage loan applied for by the Friend and funded within 180 days of membership open date; $25 for a new checking account opened by the Friend and funded with $25 or more within 10 days of membership open date. The Friend will receive an additional $25 reward if they make 10 debit card transactions of $10 or more via the new checking account within 60 days, or they receive a direct deposit of $100 or more into the account within 60 days. Only one reward per reward type is available, for each Friend referred, subject to a maximum of $1,500 in cash rewards per calendar year. Rewards will be automatically deposited into your oldest existing MSGCU primary share account two business days following confirmation by MSGCU that the referral has been made in full compliance with the Program Terms. Reward cash payments are considered interest and annual payments totaling $600 and above will be reported on IRS Form 1099-MISC, to federal, state, and local tax authorities, if required by applicable law. You are responsible for any taxes due. For full terms and conditions, visit https://www.msgcu.org/disclosures-and-fees.

HOUSE HUNTING? SAVE UP TO $1,120* ON CLOSING COSTS.

WE CHAMPION HOME BUYERS, KEY TURNERS AND DOOR OPENERS.

THE HOMEBUYING PROCESS, STEP BY STEP.

Seriously great CD rates.

House hunters, save up to $1,120* on closing costs

Tips for keeping your information secure

Checking that champions you and your community

Log in to MSGCU

HOUSE HUNTING? SAVE UP TO $1,120* ON CLOSING COSTS.

WE CHAMPION HOME BUYERS, KEY TURNERS AND DOOR OPENERS.

THE HOMEBUYING PROCESS, STEP BY STEP.