Mortgage Rates
Come home to a better mortgage. We structured our rates to benefit you, so you can get more for your money when you're purchasing a home or refinancing your home loan.
Take advantage of our competitive rates on various mortgage options
As a not-for-profit credit union in Michigan, we can offer lower mortgage rates because we answer to and are owned by you, our member.
The financial champion of homebuyers
We’re here to help you through the entire process, from a True Preapproval through getting the keys to your dream home. Right now, you can get $99* mortgage processing – saving you more than $600 on closing costs when you apply by December 31.
| Fixed-Rate Mortgage | ||||
| Available for terms up to 30 years. Here are just a few examples of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 30 Year | 6.750% | 0.527% | 6.866% | $1,297.20 |
| 20 Year | 6.500% | 0.152% | 6.601% | $1,491.15 |
| 15 Year | 6.125% | 0.433% | 6.292% | $1,701.25 |
| 10 Year | 5.875% | 0.536% | 6.131% | $2,207.88 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $200,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. | ||||
| Adjustable-Rate Mortgage | ||||
| ARM loans amortized for 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 5-Year ARM | 5.625% | 0.536% | 6.563% | $1,151.31 |
| 7-Year ARM | 5.875% | 0.536% | 6.529% | $1,183.08 |
*APR = Annual Percentage Rate. The initial payment is based on a $200,000 loan on a $335,000 property in Michigan, amortized for 30 years. This assumes the loan is for the refinance of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater. After the initial fixed period, the principal and interest payment can change every year for the remaining life of the loan. View payment details. | ||||
| FHA Mortgage | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 30 Year Fixed | 7.000% | 0.000% | 7.775% | $1,445.14 |
| 15 Year Fixed | 6.625% | 0.000% | 7.383% | $1,852.17 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $200,000 and consists of principal, interest and mortgage insurance premiums. The payment does not include taxes and other insurance premiums. The actual payment amount will be greater. | ||||
| Jumbo Mortgage Loan | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 15 Year Fixed | 6.375% | 0.433% | 6.501% | $6,654.73 |
*APR = Annual Percentage Rate. The payment is based on a loan amount of $770,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. | ||||
| Vacant Land Loan | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 10 Year Fixed | 7.125% | 0.000% | 7.773% | $583.77 |
*APR = Annual Percentage Rate. This interest rate is based on 10 acres or less. The payment is based on a loan amount of $50,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. For parcels in excess of 10 acres, contact our Mortgage Department at 866.674.2848 for more information. | ||||
*$99 mortgage processing fee offer available for mortgages loans originated and disclosed between 5/1/2024 and 12/31/2024 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 at an interest rate of 7.000% and an Annual Percentage Rate (APR) of 7.039% has 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.
