MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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MSU Federal Credit Union | Personal | Loans

Loans for All Your Needs

Apply Now for an MSUFCU Auto Loan!Whether you're purchasing a home, refinancing your car, or need extra cash for unexpected expenses, we've got you covered.

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Vehicle Loans


If you're shopping for a car, truck, motorcycle, RV, boat, or personal watercraft, MSUFCU can help. We offer great low rates, no application fees, no prepayment penalties, and flexible terms to fit your budget. Stuck in a high interest loan? Refinance your current vehicle with MSUFCU today and enjoy lower rates!



Home Loans


If you’re in the market to purchase or build a home, MSUFCU has the tools to help you reach your goals.  We offer competitive rates and various loan options to meet your needs. View our mortgage timeline.


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Apply for a MSU Federal Credit Union Home Equity Line of Credit!

MSUFCU offers the Prime Advantage Home Equity Line-of-Credit* with rates as low as 3.250% APR.2

 

 Benefits


  • High limits from $5,000 to $300,000
  • Tax deductibility1
  • Easy accessibility via your Prime Advantage Platinum Visa Card, personalized checks, ComputerLine, and MoneyLine
  • Overdraft protection for your MSUFCU checking account
  • Our variable rate loan is based on market interest rates.3 Your interest rate never exceeds 18%.
  • No prepayment penalty
  • Low closing costs4
     

Requirements


  • Michigan owner-occupied residential properties.1
  • Homes financed by land contracts do not qualify. Your residence must be mortgaged by a financial institution or unencumbered. 
  • Your Prime Advantage loan must be the only second mortgage on your residence. If you have an equity loan at another institution, we will use your Prime Advantage to pay the existing loan balance.
  • If the Prime Advantage loan will be in first lien position and the loan amount is over $100,000, this will be processed as a first mortgage refinance where mortgage terms and rates will apply.
  • Home appraisal is required and it must be completed by a credit union approved appraiser. Cost of appraisal is charged to the member.
  • Loan amount will be based on the borrower's ability to repay the loan at the time of application. Income, current debt load, credit score, credit history, expenses and available equity are considered.

 

Documentation Needed


The following documentation is needed when applying for a home equity loan:

  • Complete legal description of your residence (usually found in title insurance policy, abstract opinion, mortgage or deed).
  • Proof of paid hazard insurance of an amount sufficient to pay all liens.
  • A copy of your most recent pay stub and W-2 from the previous year. 
  • If self-employed, last two year's income tax returns.
  • Appraisal of property.

 

Note: A three day right of rescission period is required by law. This means that loan funds cannot be made available until the fourth business day after closing the loan.

 

 

1Only Michigan owner-occupied properties are eligible. Consult with a reliable tax advisor about the deductibility of home equity loan interest. MSUFCU will acquire a security interest in your home and if timely repayment is not made, your home could be subject to loss.

 

2Your rate will depend on your credit score and Loan-to-Value ratio. this product has a variable-rate that is based on the market rates (prime plus margin). Your margin will be between 2.00% APR and 7.00% APR. Your overall rate (prime plus margin) will never fall below 2.00% APR, nor will it exceed 18.00% APR.

 

3Subject to MSUFCU's Floor Rate.

Equal Housing Lender

4Any time an appraisal is required, the cost will be the borrower's responsibility. Any special offer does not apply to the cost of the appraisal.




Personal Loans


MSUFCU offers a variety of personal loans and lines of credit with great low rates and flexible terms to fit your budget and your financial needs.