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Mortgage Loans

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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:

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: 08/03/2020
TermRateAPR*Points
30 year fixed as low as 2.375% 2.611% 2 pts
30 year fixed as low as 2.625% 2.707% 0 pts
20 year fixed as low as 2.250% 2.588% 2 pts
20 year fixed as low as 2.625% 2.740% 0 pts
15 year fixed as low as 1.875% 2.309% 2 pts
15 year fixed as low as 2.250% 2.401% 0 pts
10 year fixed as low as 1.875% 2.516% 2 pts
10 year fixed as low as 2.250% 2.474% 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

 

 

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