The right mortgage is out there. We'll help you find it.
Every buyer’s situation is different. LMCU has the mortgage options — and the people — to match yours.
Let’s match you with the right mortgage.
Whether you’re a first-time home buyer or moving up, LMCU has the purchase mortgage options (conventional, FHA, VA, jumbo, construction, and specialty programs) to get you there.
Fixed Rate Mortgage
Your rate is locked for life. Choose your term and know exactly what you'll pay.
Adjustable Rate Mortgage
Lower rate up front. Available in 5/1, 7/1, and 10/1 terms. Smart if you plan to move.
FHA Mortgage
Less-than-perfect credit? Little-to-no credit history? You could still buy a home with an FHA mortgage.
VA Mortgage
At LMCU, we make it easy for veterans, military personnel, and their families to afford homes.
SmartMove Mortgage
0-1% down for community heroes and experts.1 If you serve others, we've got something for you.
Construction Loan
Building from the ground up? One-time close, down payments as low as 10% in Michigan3 and 15% in Florida.4
Doctor Mortgage
For medical, dental, and orthodontic professionals. 0% down,5 no PMI,6 deferred loans excluded.
Community Edge
Educators, first responders, medical, military, government employees. 3% minimum down.7
HomePlus
0% down,8 no PMI,6 minimum 620 credit score. Limited areas. Homebuyer education class required.10
See today's mortgage rates.
Rates change. What doesn’t is LMCU’s commitment to being upfront about them. Check current rates, run the numbers, and when you’re ready, we’ll be right here.
Sometimes our members say it best.
Over 655,000 members choose LMCU for a reason. Here’s what a few of them have to say about buying their home with us.
"Working with LMCU kept us focused on the idea that this is very much possible."
Joe
"I'm in this home today because of LMCU, in more ways than one."
David and Shelby
"We thought we needed to wait another year to buy a home, but LMCU showed there was a solution for us."
Hannah and Joseph
Three more reasons to get your mortgage here.
The right loan officer makes all the difference.
Disclosures
Community experts and heroes include Educators, First Responders, Medical, Military, Government, CPAs, CFAs, PhDs, Architects, Certified Mortgage Bankers and Designated Actuaries. Designated actuaries are as follows: ACAS, FCAS, ASA, FSA, MAAA, MSPA, and FSPA. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Consult with your Tax Advisor on your specific situation.
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.
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.
Loan-to-value (LTV) ratios up to 100% LTV up to $1,250,000. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Consult with your Tax Advisor on your specific situation. To be eligible for the Doctor/Dentist program, the Doctor/Dentist must be in a residency program, have completed a residency program, or be an established Doctor/Dentist. Doctor/Dentists must also establish an automated payroll deposit with LMCU to be eligible.
Private Mortgage Insurance.
For well qualified borrowers.
For well qualified borrowers. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Please consult your tax advisor.
For details on loan-to-value ratios, visit LMCU.org or contact your LMCU mortgage loan officer.
A Homebuyer Education certificate of completion is required for all homebuyers when using the MSHDA Down Payment Assistance prior to loan closing.
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.
