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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 Rates | |||
| Effective Date: 12/03/2021 | |||
| Term | Rate | APR* | Points |
| 30 year fixed | as low as 3.000% | 3.251% | 2 pts |
| 30 year fixed | as low as 3.500% | 3.596% | 0 pts |
| 20 year fixed | as low as 2.875% | 3.228% | 2 pts |
| 20 year fixed | as low as 3.250% | 3.381% | 0 pts |
| 15 year fixed | as low as 2.375% | 2.821% | 2 pts |
| 15 year fixed | as low as 2.875% | 3.038% | 0 pts |
| 10 year fixed | as low as 2.375% | 3.028% | 2 pts |
| 10 year fixed | as low as 2.875% | 3.113% | 0 pts |
| 3/1 ARM | as low as n/a | ||
| 5/1 ARM | as low as n/a | ||
| 7/1 ARM | as low as n/a | ||
| 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. APR assumption based on: 80% Loan To Value/Escrow Account. *APR = Annual Percentage Rate For more detailed information or to speak with a licensed Mortgage Loan Officer, please call any of our branch locations. | |||
Home Mortgage Disclosure Act (HMDA) data is available on the Bureau's Web site at www.consumerfinance.gov/hmda.