First, second or third place... we'll help you get it.
Whether you are upgrading, downsizing, or looking for something new, we’ve got the affordable home financing to turn your plans into reality.
3 easy steps to get started with your Mortgage Loan:
Submit a request to be contacted to schedule an appointment with one of our Mortgage Loan Officers
Using our Mortgage Application Checklist, compile the information needed to start your loan request
Prepare for your home purchase and understand the mortgage process with our free Homebuyer Course
Fixed Rate Conventional Mortgage
These mortgages have a rate and monthly payment that stay the same throughout the lifetime of the loan.
- First Time Buyer Programs
- Low down payment program options
- We offer fixed rate mortgages with a variety of term options
- See today’s fixed mortgage rates
A Good Option If:
- You want consistent monthly payments that will not change
- You plan to stay in your home for several years
Adjustable Rate Conventional Mortgage (ARM)
ARMs allow you to start with a lower rate than fixed-rate loans, but the rate can adjust up or down periodically.
- Can be used for home purchase or mortgage refinance
- Low fees
- Low closing costs
A Good Option If:
- You are planning to stay in the home for a short period of time
- You are confident you can handle higher payments if the rate increases
First-Time Conventional Financing Homebuyer Program
We offer educational resources to help you better understand the home buying process. Sit down one-on-one with a member of our mortgage team and get personalized solutions to help put you in the best place to make an offer.
- Available to first-time homebuyers
- $300 off of closing costs
HomeView™: A Clearer Path to Homeownership
When it comes to buying a home, it can be hard to know where to start. We’re here to help with HomeView™. HomeView™ is a comprehensive first time-time homebuyer course from Fannie Mae, available in both English and Spanish, that provides you with information on the next steps towards homeownership. Learn how to:
- Save and prepare for your home purchase
- Work with lenders and real estate professionals
- Understand the mortgage process
No Down Payment Conventional Financing Program
Ready to put down roots – but that down payment is just out of reach and keeping you from realizing your dream home? We want to help you make that dream a reality, so we are offering a budget-minded solution to help you buy a home that requires no down payment.* No money down means you have no required down payment. This program option provides the flexibility to buy a home with only a limited amount of cash needed to only cover closing costs & prepaid expenses for the new home purchase.
You can finance up to 100% of your purchase price to get you in your home faster and keep more money in your pocket.
- No down payment required
- Competitive rates
- Conventional financing program
- No pre-payment penalty
- Local decision-making
- Personal services from start to close
- Gift funds or Seller Concessions are allowed to cover the majority of closing costs, etc.**
- Local staff who understand the market and will work with your real estate agents to get you into your home quickly
*All loans subject to credit approval. No Money Down Mortgage only available for applicant’s primary residence in Michigan with a maximum loan amount of $250,000. Manufactured homes do not qualify. Cannot be combined with other offers, including but not limited to the $300 First Time Homebuyer closing cost credit. Terms and Conditions subject to change. Other restrictions may apply.
**Seller-paid closing costs and gift funds acceptable; however, applicant must pay at least $500 directly.
Refinance Your Mortgage
Free up some cash or shorten the life of your mortgage.
- Take cash out from the equity in your home for college education, weddings, new home additions, other higher rate debt consolidations
- Refinance to a better rate to lower your monthly mortgage payment
- Refinance to a new shorter-term loan to build equity faster
Construction Mortgage Program
Are you planning to build your dream home? Members First has a Construction Mortgage Program designed to help you bring your vision to life with ease and flexibility. This two-close financing solution has two stages.
Construction Loan
- Finance up to 90% of the project cost or appraised value, whichever is less with this first loan.
- Up to 12 months while construction is being completed.
- Interest-only payments each month during the construction period.
Fixed-rate Mortgage Loan
- After construction has been completed, our second closing process allows you to transition to long-term financing.
- Choose from a 15, 20, or 30-year fixed-rate mortgage loan.
- Rates are determined by market conditions upon project completion.
To learn more about our construction financing, please contact us or apply to get started.
