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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 6.500% (6.600% APR)
• 10, 15, 20, 25, and 30-year terms
• A down payment of at least 3% is required.

Adjustable-Rate Mortgage
Rates as low as 6.375% (6.772% APR)
• Select from 7-1, 5-1, 3-1, and 5-5 with a 30 year term.

Jumbo Fixed-Rate Mortgage
Rates as low as 6.625% (6.654% APR)
• 10, 15, 20, 25, and 30-year terms
• A down payment of at least 5% is required.

To apply, click the Apply Now button below or contact the Mortgage Department directly at 517-333-2424.
Affiliated
Moves
Earn Cash-Back Rewards on the purchase or sale of your home with Affiliated Moves.
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.
Streamline Refinance
If you have an existing MSUFCU mortgage and are looking to lower your rate, and possibly shorten the term of your loan, a Streamline Refinance may suit your needs.
New and Improved Mortgage Enhancements In ComputerLine® and the MSUFCU Mobile app
You can now enjoy an enhanced experience when accessing your MSUFCU home loan via eStatus Connect within ComputerLine and the MSUFCU Mobile app! Check out new and improved features, including:

Comprehensive loan information: Empower yourself with increased knowledge about your home loan.

Detailed transaction history: View breakdowns of all account activity, from loan payments to tax and insurance disbursements.

Amortization calculator: Crunch the numbers to see how additional principal payments on your loan can save you money.

Much more! Explore these new features by expanding the Mortgages section on the homepage within ComputerLine or the mobile app.
Mortgage Special
Rates as low as 6.500% when you finance your home with 30% down payment or equity and 740+ credit score.

To apply, click the Apply Now button above or contact the Mortgage Department directly at 517-333-2424.
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What is 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, 25 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 7-1, 5-1, 3-1, and 5-5 ARMs for a 30-year term. The monthly payments are based on a 30-year amortization, and can change throughout the life of the loan. After the initial term, the interest rate adjusts higher or lower based on the 1 year US Treasury market. The rate changes are limited to an increase or decrease of up to 2% at each annual adjustment, and subject to both a minimum rate (floor) and maximum rate (ceiling) over the life of the loan. Our Mortgage Loan Officers can help you identify which option may be best for you.
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What are the down payment options?
For a conventional mortgage, you have several down payment options. Mortgage loans are available with a down payment as low as 3% of the purchase price, in addition to the closing costs. Members will have closing cost expenses including the costs to originate the loan, the first year of homeowners insurance, prorated property taxes, prepaid interest, and initial escrow funding. The costs will vary depending on the property value and be based on the actual costs associated with your home purchase.

Members can use gift funds from a qualified donor. Examples of a qualified gift donor include:
• Fiance
• Domestic partner
• Immediate relative by blood
• Marriage
• Adoption
• 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. As each situation differs, please contact us at 517-333-2424 or toll-free at 800-678-4968 to discuss any possible options.
View All FAQs
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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
Get FileCFPB Your Home Loan Toolkit
Get FileReconsideration of Value


Home loans available for 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 construction 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 6.500% (6.600% 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.

Fixed-Rate Mortgage Loan Payment Example:
A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $285,714 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at a 6.500% interest rate (6.600% APR) for a term of 360 months would require monthly payments of $1,264.14. 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 $766,551): A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $1,095,073 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $766,551 borrowed at a 6.625% interest rate (6.654% APR) for a term of 360 months would require monthly payments of $4,908.31. 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 $285,714 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at 6.375% interest rate (6.772% APR) for a term of 360 months would require monthly payments of $1,247.74. 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.

APR is annual percentage rate, and is subject to change. Your rate will depend on your credit score and the term. The loans subject to credit approval.