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Home Loans

The home of all your homeownership needs.

From buying and building to refinancing and beyond, our lending experts will help you find the best home loan. 

Apply Now Call (844) 754-6280

Credit union mortgages offer more

Here’s the lowdown on our high-quality home loans: LMCU offers low mortgage rates, low down payments, and industry-low closing costs to help you pay less compared to traditional banks and even other credit unions. 

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Two children enter through an open front door into a home, one holding a backpack and sports ball and the other carrying a stuffed toy, while two adults follow behind holding a moving box; a small dog is partially visible near the doorway.

Purchase Mortgage

Buy your new home on your terms, with personalized programs, great rates, and step-by-step service. 

  • Low down payment programs 
  • Specialty programs designed around your career, neighborhood, or needs 
  • Variety of terms 
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Refinance

Refinancing could help you lower your monthly payment, shorten your term, or tap your home’s equity to fund renovations. 

  • Low fixed and adjustable rates 
  • Restructure your loan terms 
  • Put your home’s equity to work 
Learn More
Two adults crouch beside two young children on the floor of a house under construction, surrounded by exposed wooden framing and a staircase, as they gather in the unfinished interior.

Construction, Land, & Renovation

Build your dream home from the ground up. Our signature one-time close combines land and construction financing with your primary mortgage — so you’ll save on closing costs and lock in a great rate. 

  • Down payments as low as 10% in Michigan1
  • Down payments as low as 15% in select Florida counties2

 

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FAQs About Home Loans

The best way to join a new community is to bank somewhere committed to that community. As a credit union, we don’t have shareholders: we work for our members. And since we’re not paying out stock dividends, we can use that money to: 

  • Offer lower rates 
  • Provide personalized, local service 
  • Reinvest in the communities we serve by funding scholarships, teacher grants, financial wellness classes, pediatric research, new hospitals, new career centers, small businesses, and so much more. 

When you trust LMCU to help you buy your new home, your money stays right in your new neighborhood. 

As a household name for home loans in both Michigan and Florida, we do everything below and then some: 

  • We offer 12+ mortgage programs designed around your job, your new home, and your specific needs. 
  • Our mortgage team spans two states and countless decades of industry experience and market insight, plus close relationships with top real estate agents and homebuilders. 
  • We helped over 9,100 homebuyers become homeowners last year alone, and over 3,300 of them were first-time homebuyers. 

Housing is one of our four philanthropic pillars, which means we’re constantly working with the communities we serve to help make homeownership more accessible, equitable, and affordable. This includes: 

  • Our HomeAssist down payment assistance program offers up to $10,000 in down payment and closing cost assistance to qualifying first-time homebuyers.4 
  • We host free homebuying and homebuilding seminars each year. 
  • We sponsor and volunteer with like-minded organizations, including Habitat for Humanity, ICCF Community Homes, and Jubilee Ministries 

LMCU helps thousands of homeowners every year.

Here’s what a few of them had to say. 

Our mortgage team has 4.9 stars on Zillow.

July 2026

“We thought we needed to wait another year to buy a home, but LMCU showed there was a solution.4” 

 

— Joseph & Hannah, LMCU members

“I didn’t have to look anywhere else, because I know I could get the best rate at LMCU.4” 

 

— Lauren, LMCU member

“We wouldn't be in our home today without LMCU.4” 

— Chantell & Malik, LMCU members
Award

Save even more with LMCU’s Max Mortgage discount!

0.125%3 off base rate
Disclosures

For well qualified borrowers. Contact your LMCU Mortgage Loan Officer for more information. Down payment amounts differ in Florida.

For well qualified borrowers. Contact your LMCU Mortgage Loan Officer for more information. Down payment amounts differ in Michigan.

To receive MaxMortgage discount, mortgage payment must be an automatic payment that comes from an LMCU checking account with an ACH deposit. Some programs may not be eligible, discuss with your mortgage loan officer for further details.

The LMCU HomeAssist Down Payment Assistance program is available to first-time homebuyers applying through Lake Michigan Credit Union intending to purchase a primary residence in Michigan or Florida. Applicants must have a household income meeting local area median income requirements. Applicants will be assisted on a first-come, first-served basis until funds are exhausted. Additional fees may apply. You may be eligible for $15,000 if the subject property is located in a specified targeted area and meet area median income requirements. Programs subject to change. See your Local Mortgage Loan Officer for details.

All featured LMCU members were compensated for their time.