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

Apply. We make it easy. The application can be completed online, and there are no application fees. Apply by September 30 and enjoy $99* processing – saving you more than $600 on closing costs.

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:

$99* Mortgage Processing. Apply by September 30 and save more than $600 on closing costs.
Free Homebuyers Workshop. Learn the process and save up to $375° on your 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 Float Down. One-time float-down option allows you to lower your locked interest rate should rates go down 0.25% prior to your loan closing.
No 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.

*$99 mortgage processing fee offer available for mortgages loans originated and disclosed between 5/1/2025 and 9/30/2025 and saves $646 on mortgage processing when you obtain a mortgage from MSGCU. Homebuyers are responsible for any third-party closing costs including but not limited to home appraisal, home inspection, title, tax, and insurance. A loan amount of $200,000 amortized over 30 years at an interest rate of 7.000% has an Annual Percentage Rate (APR) of 7.066% and a payment of $1,330.60 with 0 points due at closing. The payment does not include property taxes or insurances, the actual payment will be higher.
°Attend our free Homebuyers Workshop and receive a coupon worth up to $375 to apply towards a residential real estate appraisal when you obtain a mortgage from MSGCU. The coupon credit will be applied at the time of closing.
†You must be 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 Powersport 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.

Your Homebuying Champion with $99* Mortgage Processing

WE CHAMPION HOME BUYERS, KEY TURNERS AND DOOR OPENERS.

THE HOMEBUYING PROCESS, STEP BY STEP.

Seriously great CD rates.

TurboTax and H&R Block Discounts

Tips for keeping your information secure

Introducing Video Banking.

Log in to MSGCU

Your Homebuying Champion with $99* Mortgage Processing

WE CHAMPION HOME BUYERS, KEY TURNERS AND DOOR OPENERS.

THE HOMEBUYING PROCESS, STEP BY STEP.