Purchase
Start your new home loan journey with us and get preapproved for a mortgage today.
Refinance
We're here to help you secure a lower rate, fund home improvements, or access cash when you need it.
Land
Take the first step toward property ownership—whether you're planning your future home or securing the perfect hunting retreat.
Please Note: Rates are subject to change without notice. Loan rates listed here represent our best rate and not all members will qualify for the best rate. The actual interest rate available to you will be based on your credit history and LTV (Loan to Value) and may be different from the rates disclosed below.
APR amount calculations assume a 20% down payment has been made for a final loan amount of $120,000. All payment examples are for principle and interest only. Property taxes and home owners insurance are not included.
Mortgage applicants please read our Mortgage Applicant Disclosure.
| Term | Rate | APR (As low as) | Payment Amount |
|---|---|---|---|
| 10 Year Fixed | 5.750% | 5.989% | $10.98/mo per $1,000 borrowed. |
| 15 Year Fixed | 5.875% | 6.045% | $8.38/mo per $1,000 borrowed. |
| 20 Year Fixed | 6.250% | 6.390% | $7.31/mo per $1,000 borrowed. |
| 30 Year Fixed | 6.500% | 6.608% | $6.33/mo per $1,000 borrowed. |
| Balloon | Amortization Period | Rate | APR (As low as) | Payment Amount |
|---|---|---|---|---|
| 5-Year Balloon** | 30 Years | 6.000% | 6.271% | $6.00/mo per $1,000 based on maximum Amortization Period. |
| 7-Year Balloon** | 30 Years | 6.250% | 6.462% | $6.16/mo per $1,000 based on maximum Amortization Period. |
| 10-Year Balloon** | 30 Years | 6.500% | 6.668% | $6.33/mo per $1,000 based on maximum Amortization Period. |
| Balloon | Amortization Period | Rate | APR (As low as) | Payment Amount |
|---|---|---|---|---|
| 3-Year Balloon† | 15 Years | 7.000% | 7.512% | $8.99/mo per $1,000 borrowed based on maximum Amortization Period. |
Saginaw Township
Mortgage Specialist NMLS #187161
Midland
Mortgage Specialist NMLS #1253687
Saginaw
Mortgage Specialist NMLS #1728422
Bay City
Mortgage Specialist NMLS #1048376
An escrow account is established to hold money collected by your lender to pay your hazard insurance (homeowners insurance), mortgage insurance (PMI) and property taxes when they become due.
Your monthly mortgage payment includes an amount, approximately 1/12 of the anticipated total annual tax and insurance due. This account may contain a cushion, also referred to as a reserve.
A shortage occurs when your escrow account does not have sufficient funds to pay for property taxes and/or insurance premiums. Unexpected increases to the items paid through your escrow account can cause a shortage. For example: if property taxes increase from the prior year, your escrow account must fund the full amount due. The difference would be included in the shortage amount. You will have two options to pay the shortage:
An overage occurs when your escrow account has more funds than required at the time of the analysis. For example: if your insurance premium decreased from the year prior, the premium amount paid would be less than anticipated. The difference would be included in an over amount. The overage amount will be refunded in one of two ways:
An escrow analysis of your escrow account is completed annually to determine if sufficient funds are being collected. You will receive the results to the escrow analysis on an Annual Escrow Account Disclosure Statement.
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The second page of the Annual Escrow Account Statement includes an account history detailing actual deposits and disbursements from the escrow account since your previous analysis.
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