Home loans available for owner occupied/vacation homes in the following states: Michigan, Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin. Currently non-owner-occupied, construction, and manufactured home loans are only available in Michigan. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application, your rate may be higher.

Mortgage Special Fine Print
MSUFCU members who apply and are approved for a new MSUFCU mortgage will receive a rate as low as 6.375% APR when financing a home with 30% down payment or equity and 740+ credit score. Subject to change, and stated for members with high credit scores. Actual rate may be higher and will be determined by members credit score and term of loan. Cannot be combined with any other mortgage offers.

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Fixed-Rate Mortgage Loan Payment Example: A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $250,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at a 5.50% interest rate (5.581% APR) for a term of 360 months would require monthly payments of $1,135.58. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.
Jumbo Fixed-Rate Mortgage Loan Payment Example: (Minimum loan amount $647,200): A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $809,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $647,200 borrowed at a 5.50% interest rate (5.525% APR) for a term of 360 months would require monthly payments of $3,674.73. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

5/1 ARM Mortgage Loan Payment Example: A primary residence, owner-occupied, single family home in Michigan with a purchase price of $250,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at 4.25% interest rate (APR Rate 4.521% ) for a term of 360 months would require monthly payments of $983.88. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. With a 5/1 ARM, your loan will have an initial fixed-rate period of 60 months. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Rate is variable after the fixed-rate period and subject to change every year for the remaining life of the loan. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.