Mortgage Loans - Apply Online
Find Your Dream Home!
Buying a home can be a confusing and expensive process. All the more reason to turn to a source you can trust for your financing! Michigan Educational Credit Union is pleased to offer competitive rates on a variety of mortgage options. Our on-site Member Mortgage Services representatives will help guide you through the mortgage process. They can even pre-approve you for your loan before you start house hunting to put you in a better position to make a serious offer on a home.
We have mortgage representatives available at our Plymouth, Livonia, and Ann Arbor offices. Appointments may also be arranged at our other office locations.
To speak with a mortgage representative or schedule an appointment, please call any of the following offices:
Plymouth (734) 416-5076
Livonia (734) 261-6550
Ann Arbor (734) 761-7505
If you would like to apply online, please click here.
If you would like to make a mortgage payment, click here.
| Home Mortgage & Mortgage Refinancing Rates | |||
| Effective Date: 09/17/2019 | |||
| Term | Rate | APR* | Points |
| 30 year fixed | as low as 3.375% | 3.635% | 2 pts |
| 30 year fixed | as low as 3.875% | 3.976% | 0 pts |
| 20 year fixed | as low as 3.375% | 3.740% | 2 pts |
| 20 year fixed | as low as 3.750% | 3.889% | 0 pts |
| 15 year fixed | as low as 3.000% | 3.462% | 2 pts |
| 15 year fixed | as low as 3.625% | 3.801% | 0 pts |
| 10 year fixed | as low as 3.000% | 3.672% | 2 pts |
| 10 year fixed | as low as 3.625% | 3.880% | 0 pts |
| 3/1 ARM | as low as 3.500% | 4.743% | 2 pts |
| 5/1 ARM | as low as 3.500% | 4.581% | 2 pts |
| 7/1 ARM | as low as 3.500% | 4.440% | 2 pts |
Rates are based on credit score, Loan-to-Value, Loan term, and other factors that may affect rate. All rates are subject to change at any time and without notice.
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Home Mortgage Disclosure Act (HMDA) data is available on the Bureau's Web site at www.consumerfinance.gov/hmda.
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