Mortgages

The right mortgage loan to fit your lifestyle.

LMCU offers low mortgage rates, low down payment requirements (including programs requiring as little as 0-3%*), and industry-low closing costs to help you pay less compared to traditional banks and other credit unions. Our lending experts will provide the personal service you deserve and help you find the home loan that meets your needs, whether it's a first-time homebuyer mortgage, construction loan, or mortgage refinance.


Buy with Peace of Mind and refinance later, for less.**

Don’t let the market stand in the way of your homeownership journey. Buy the home you want today with a fixed-rate mortgage to qualify for the LMCU Peace of Mind refinance program, allowing you to refinance for less later. If rates go down, we’ll waive our lender fees on a future refinance within two years of your closing date. See our current mortgage rates.


Purchase ›

Choose from a wide range of attractive mortgage programs, all designed to get you into the home of your dreams, on your terms.

  • Low down payment programs
  • Programs to meet any need – up-to 100% financing*
  • Variety of terms

Refinance ›

Whether you're looking to lower your monthly payments, make renovations, or take advantage of your home's equity to finance a major purchase, refinancing your home with us is a great option.

  • Low fixed and adjustable rates
  • Restructure your loan terms
  • Take cash out of your home

Construction, Land & Renovation ›

Purchase land and build a new home. Finance that fixer-upper. Our one-time closings combine land and construction financing with your end home loan. You'll pay less in closing costs while guarding against interest rate increases.

  • Low fixed and adjustable rates
  • Down payments as low as 10% in Michigan*
  • Down payments as low as 15% in select Florida counties*
  • One-time closing – lower closing costs

*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. **Peace of Mind Program available for new purchase applications of a conforming, fixed-rate mortgage product submitted by 03/31/24. LMCU processing and underwriting lender fees will be waived for one refinance taking place no sooner than 6 months and no later than 24 months from the mortgage closing date. Original loan must be closed by 6/30/2024. Additional fees may apply.