A smarter home starts with a smarter loan.
LMCU is a leading Michigan Saves lender, offering exceptional credit union rates, terms and guidance.
Think of all this as a renovation that pays you back.
The right upgrade can lower your bills, raise your comfort, and add value to your home. That’s a return worth financing.
Lower bills
Efficient systems cost less to run. Trim utility bills month after month, year after year.
Flexible financing
Loans $1,000–$40,000. Terms up to 180 months. No prepayment penalties. Built for your project.
Vetted contractors
Michigan Saves contractors are vetted and authorized. Qualified pros, from quote to done.
Getting started is easy.
- A simple guided process — a Michigan Saves authorized contractor will assess your project and provide a quote.
- 150+ eligible upgrades — qualifying improvements include HVAC systems, heat pumps, insulation, windows, solar panels, water heaters, EV chargers, air sealing, and more.
- Built for affordability — competitive rates, flexible terms, and a contractor network designed to make upgrades accessible — not just aspirational.
Questions are part of the process. We've got you.
Big home projects mean big decisions. These are the questions worth asking (and the answers worth having) before you apply.
Michigan Saves is a nonprofit energy-efficient home improvement financing program that connects homeowners with funding for qualifying upgrades. LMCU offers financing through Michigan Saves for eligible improvements — insulation, HVAC systems, windows, water heaters, solar, and other approved projects. If you’re planning an energy upgrade, ask whether your project qualifies. It could change how you finance it.
The program covers more than 150 qualifying improvements. Common examples include HVAC systems, heat pumps, central air conditioning, insulation, energy-efficient windows and doors, water heaters, solar panels, air sealing, attic ventilation, EV chargers, and certain appliances. For the full current list, visit the Michigan Saves website.
Yes — and that’s actually a feature, not a hoop. Michigan Saves authorized contractors are vetted, qualified professionals who know the program requirements. Starting with a contractor first ensures your project qualifies, your quote is accurate, and the financing process moves smoothly from approval to completion.
Loans are available from $1,000 to $40,000, with terms up to 180 months. There are no prepayment penalties, so if you want to pay it off early, go for it. Rates are competitive and subject to credit approval — visit the Michigan Saves website or contact LMCU for details.
Not quite. Michigan Saves loans are unsecured home improvement loans — you’re not borrowing against your equity. That means no appraisal, no lien on your home, and a typically faster process than a HELOC or home equity loan. It’s a different tool for a different job.
Michigan Saves is a Michigan-specific program, so it’s not available to members outside the Lower Peninsula. If you’re looking to finance home improvements or energy-efficient upgrades and you’re outside Michigan, contact LMCU to explore other home improvement financing options that may be a fit.
Disclosures
Rates as of 9/11/2026, variable, and subject to change. Best rate available to well qualified borrowers with a credit score of 720 and above and loan amounts of $14,999 or below. Subject to credit approval and income qualification. Other rates and terms available; contact us for more information.
