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Routing Number: 272479663 Swift Code: MSUCUS44
 
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Totally Green Checking
Totally Green Checking
SmartLine Home Equity Loan
SmartLine Home Equity Loan
Mortgages
Conventional Fixed-Rate Mortgage
Rates as low as 5.625%
• 10, 15, 20 and 30-year terms
• A down payment of at least 3% is required.

Adjustable-Rate Mortgage
Rates as low as 4.375%
• Select from 3-1 or 5-1 ARMs for 15- or 30-year terms.

To apply online, click the Apply Now button below, in the MSUFCU Mobile app, by phone or at a branch. If you have questions, contact the Mortgage Department directly at 517-333-2424 option 3.
120-Day Pre-Approval
Rate Guarantee
With a preapproval, you'll have a guaranteed rate for 120 days while you look for the perfect home.
Apply in the
Mobile App
On-the-go looking at houses? With just a few taps of your finger, you can apply for a mortgage from anywhere with our mobile app.
As low as
3% down
With as low as 3% down on your mortgage, you'll be able to save the rest of your money for the expenses that come with owning a new home.
Mortgage Rate
Modification
Lower your rate and possibly shorten the term of your existing MSUFCU mortgage loan.
Rates as low as 5.625% APR when you finance your home with 30% down payment or equity and 740+ credit score.

Apply online by clicking the Apply Now button above, within ComputerLine, through the MSUFCU Mobile app, by phone or at a branch.
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Whats the difference between a fixed-rate and adjustable-rate mortgage (ARM), and which one should I choose?
The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down.

With our Conventional Fixed-Rate Mortgage you can select from 10, 15, 20 and 30-year terms with a fixed rate for the length of the loan. A down payment of at least 3% is required.

With our Adjustable-Rate Mortgage your home loan will be at a lower rate for the first 3 to 5 years. Adjustable-Rate Mortgages are perfect for short-term home ownership, large payments towards the loan in the first few years, or for members simply looking to save money with a lower fixed rate for the first 3 to 5 years. Select from 3-1 or 5-1 ARMs for 15- or 30-year terms.
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What are the down payment options?
For a conventional mortgage, you have several down payment options. First Time Home Buyers may purchase with a down payment as low as 3% of the purchase price. Members who have owned a home in the past three years may purchase with a down payment as low as 5% of the purchase price. Additionally, members can use gift funds from a qualified donor. Examples of a qualified gift donor include: a fianc?, domestic partner or an immediate relative by blood, marriage, adoption or guardianship.
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What fees will I have to pay when I close on my mortgage?
The total cost to close a mortgage loan can vary for a variety of reasons. The average loan costs or what you pay to originate the loan, can range from $3,500 to $5,000. Included in the costs are the origination fee, credit report, flood determination, tax and insurance service, verification of employment, home inspection, appraisal, lender's title insurance, and settlement fees. Additionally, members will have expenses related to their first year of homeowners insurance, prorated property taxes, prepaid interest, and initial escrow funding. Members that need Private Mortgage Insurance (PMI) or elect to escrow property tax and insurance will have prepaid costs related to initial funding of their escrow account. The costs will vary depending on the property value and be based on the actual costs associated with your home purchase. The closing costs will vary based upon your mortgage type and the amount financed.
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Do you have home loan calculators?
Yes, we have a variety of calculators to help with mortgage payments, how much you can afford, refinancing, fixed rate vs. variable rate, etc.
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What should I do if I'm having trouble making a mortgage payment?
No matter the reason you've fallen behind on your mortgage payment, MSUFCU wants to help keep you and your family in your home.

Don't wait! If you are having trouble making your monthly payment, act now. Communication with MSUFCU is very important for us to help you maintain your home. Not making your loan payments and not communicating with your lender about your situation can have serious consequences.
View All FAQs
Home loans available for owner occupied/vacation homes in the following states: Michigan, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, North Carolina, Ohio, Pennsylvania, Virginia, Washington. Currently non-owner-occupied, construction, and manufactured home loans are only available in Michigan.

Mortgage Special Fine Print
MSUFCU members who apply and are approved for a new MSUFCU mortgage will receive a rate as low as 5.625% 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.

Get FileElectronic Correspondence Disclosure and Agreement Get FileMulti-Featured Loan Agreement
Get FileService Fee Schedule Get FilePrivacy Policy
Get FileDocuSign Disclosure Get FileBorrowers Bill of Rights
Get FileConsumer Caution and Home Ownership Counseling Notice Get FileElectronic Correspondence Disclosure and Agreement
Get FileMortgage Information Get FileNationwide Mortgage Licensing Systems IDs Get FileHome Mortgage Disclosure Act Notice Get FileConsumer Handbook on Adjustable-Rate Mortgage

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, the mortgage for $200,000 borrowed at a 4.50% interest rate (4.56% APR) for a term of 360 months would require monthly payments of $1,013.37. 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, the mortgage for $200,000 borrowed at 4% interest rate (APR Rate 4.06% ) for a term of 360 months would require monthly payments of $954.83. 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