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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: 01/21/2021 | |||
Term | Rate | APR* | Points |
30 year fixed | as low as 2.500% | 2.737% | 2 pts |
30 year fixed | as low as 2.875% | 2.959% | 0 pts |
20 year fixed | as low as 2.375% | 2.844% | 2 pts |
20 year fixed | as low as 2.875% | 3.000% | 0 pts |
15 year fixed | as low as 2.000% | 2.437% | 2 pts |
15 year fixed | as low as 2.375% | 2.529% | 0 pts |
10 year fixed | as low as 2.000% | 2.644% | 2 pts |
10 year fixed | as low as 2.375% | 2.602% | 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.