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Mortgages

Find the perfect mortgage to match your dream home with UMCU. With competitive rates, flexible terms, and as little as 3%* down, we make homeownership more accessible—whether you're a first-time buyer or looking to refinance.

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Find the Right Mortgage for Your Dream Home

With something as important as a mortgage, you need a financial institution you can trust. UMCU is one of the top mortgage lenders in Michigan. From our wide range of mortgage options to our easy application process, we help you purchase, refinance, or build the home of your dreams. 

For out-of-state, government, and construction loans please visit our trusted mortgage partner, Member First Mortgage.

  • Competitive interest rates and down payments as low as 3.00%*
  • Flexible terms to fit any budget - choose from 10, 15, 20, and 30-year fixed rates**
  • Low closing costs, no application fee, and free pre-approval - shop confidently knowing what you can afford
  • Convenient automatic payment options
  • Discount points available to lower your interest rate

University of Michigan Credit Union Mortgage Requirements


While every mortgage is slightly different, there are a few things you should have on hand when completing your mortgage application. 

  • 30 days of your most recent paystubs
  • Your most recent W2
  • Your most recent Bank Statement(s)

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Are You Buying?  


Everyone's financial situation is unique. That's why UMCU offers fixed-rate mortgages from 10 - 30 years, so you can decide the best payment option for your budget. Looking for the lowest payments in the early years o your mortgage? We also offer adjustable-rate mortgages. 

Apply Now

Building a Home?


Your dream home's blueprint should include a UMCU loan. We have many years of experience with construction loans. One easy application can give you a loan that covers your costs all the way through the building process.

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Refinancing?


Do you love your current house but not your current mortgage? UMCU is committed to helping you find a solution that better suits your current financial situation. We'll do everything we can to lower your interest rate or reduce your monthly payments.

Apply Now

First-time Homebuyers


Special financing provides opportunities to first-time buyers. We'll introduce you to mortgage options that have lower down payment requirements, flexible credit rating standards and other financial advantages.

Apply Now

Contact Our Mortgage Loan Officers

JULIAN FOSTER

NMLS #1729247
jfoster@umcu.org
800-968-8628 ext. 2471

JIM ROUSSEAU

NMLS #1576392
jrousseau@umcu.org
800-968-8628 ext. 2304

JUAN SANCHEZ

NMLS #1941284
jsanchez@umcu.org
800-968-8628 ext. 2818

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Disclaimer

Insured by NCUA
*Offer of 3.00% down is available for conventional fixed-rate mortgages on single family homes. 97% maximum loan-to-value. Maximum loan amount $766,550. Loan subject to credit approval, normal credit standards apply. Additional limitations, terms and conditions apply and are subject to change without notice. Property insurance required. Flood insurance may be required. Contact UMCU for more information about credit costs and terms. NLMS #712343
**Offer subject to credit approval. Rates vary based on credit history and underwriting factors. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.

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