MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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In observance of Independence Day, the Credit Union will be closed on Sat., 7/4. Our branch in the MSU Union will also be closed Fri., 7/3.

 

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MSU Federal Credit Union | Disclosures | Home Loans

Mortgage & Home Loan Disclosures

Pursuant to Michigan Public Act 660 of 2002


If you obtain this loan, the lender will have a mortgage on your home. You could lose your home, and all money you have invested in it, if you do not meet your obligations under the loan, including making all your payments.

 

Mortgage loans rates and closing costs and fees vary based on many factors, including your particular credit and financial circumstances, your earnings history, the loan-to-value requested, and the type of property that will secure your loan. Higher rates and fees may be applicable depending on the individual circumstances of a particular consumer's application.
 

You should shop around and compare loan rates and fees. This particular loan may have a higher rate and total points and fees than other mortgage loans. You should consider consulting a qualified independent credit counselor or other experienced financial advisor regarding the rate, fees and provisions of this mortgage loan before you proceed. For information on contacting a qualified credit counselor, ask your lender or contact the United States Department of Housing and Urban Developments online or at 800-569-4287 for a list of counselors.
 

Your payments on existing debts contribute to your credit ratings. You should not accept any advice to ignore your regular payments to your existing creditors.

HUD APPROVED COUNSELING CENTERS


DETROIT NON-PROFIT HOUSING CORPORATION
8904 Woodward Avenue, Suite 279
Detroit, MI 48202
Phone: 313-972-1111
Fax: 313-972-1125
E-mail: detroitnon@aol.com


MICHIGAN STATE UNIVERSITY EXTENSION SERVICES
240 Agriculture Hall, MSU Campus
East Lansing, MI 48824
Phone: 517-432-5620
Fax: 517-353-4846
E-mail: costner@msu.edu 


GREENPATH DEBT SOLUTIONS
2111 Woodward Avenue, Suite 906
Detroit, MI 48201
Phone: 877-337-3399
Email: housingdepartment@greenpath.com
Website: www.greenpath.com

GREENPATH DEBT SOLUTIONS

612 S. Creyts Road, Suite C
Lansing, MI 48917
Phone: 877-337-3399
Email: housingdepartment@greenpath.com
Website: www.greenpath.com


MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY
735 E. Michigan Avenue
Lansing, MI 48909
Phone: 866-946-7432
Email: SaveTheDream@Michigan.gov

Website: www.michigan.gov/mshda




Why Did My Statement Change?
This change is being implemented in response to a new regulation enacted by the
Consumer Financial Protection Bureau (CFPB). The CFPB formed this regulation in an effort to better educate homeowners about their mortgage loans including payment amount, due date, and late payments. 

 

How to Read Your Statement

Click to Download Mortgage Statement ExplanationYou may have noticed some recent changes in your monthly mortgage statement from MSUFCU. Click the Download button to view a complete explanation of your new MSUFCU mortgage statement.​

 

Frequently Asked Questions

What is the CFPB? 
Created under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the Consumer Financial Protection Bureau (CFPB) is the federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States. 

 

Can I stop receiving these statements in the mail? 
MSUFCU is working on converting the statements to eStatements for members who have opted in to paperless statements. 

 

How does this impact my payment method? 
The new statement format does not impact your payment method. If you are set up to automatically pay on a certain date, your payments will continue as scheduled. 

 

Does ‘Outstanding Principal’ under Account Information reflect the amount I would have to send in to pay my loan in full? 
‘Outstanding Principal’ reflects only the principal balance remaining on your account. You may call MSUFCU to request a payoff statement.