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Home Loans

The home of all your homeownership needs.

From buying and building to refinancing and beyond, our lending experts will help you find the best home loan. 

Apply Now Call (844) 754-6280

Credit union mortgages offer more

Here’s the lowdown on our high-quality home loans: LMCU offers low mortgage rates, low down payments, and industry-low closing costs to help you pay less compared to traditional banks and even other credit unions. 

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Purchase Mortgage

Buy your new home on your terms, with personalized programs, great rates, and step-by-step service. 

  • Programas con pagos iniciales bajos 
  • Specialty programs designed around your career, neighborhood, or needs 
  • Variedad de términos 
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Refinanciación

Refinancing could help you lower your monthly payment, shorten your term, or tap your home’s equity to fund renovations. 

  • Tasas bajas, fijas y ajustables 
  • Reestructuración de los términos de su préstamo 
  • Put your home’s equity to work 
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Construcción, Terreno y Renovación

Build your dream home from the ground up. Our signature one-time close combines land and construction financing with your primary mortgage - so you'll save on closing costs and lock in a great rate. 

  • Down payments as low as 10% in Michigan1
  • Down payments as low as 15% in select Florida counties2

 

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FAQs About Home Loans

The best way to join a new community is to bank somewhere committed to that community. As a credit union, we don't have shareholders: we work for our members. And since we're not paying out stock dividends, we can use that money to: 

  • Offer lower rates 
  • Provide personalized, local service 
  • Reinvest in the communities we serve by funding scholarships, teacher grants, financial wellness classes, pediatric research, new hospitals, new career centers, small businesses, and so much more. 

When you trust LMCU to help you buy your new home, your money stays right in your new neighborhood. 

As a household name for home loans in both Michigan and Florida, we do everything below and then some: 

  • We offer 12+ mortgage programs designed around your job, your new home, and your specific needs. 
  • Our mortgage team spans two states and countless decades of industry experience and market insight, plus close relationships with top real estate agents and homebuilders. 
  • We helped over 9,100 homebuyers become homeowners last year alone, and over 3,300 of them were first-time homebuyers. 

Housing is one of our four philanthropic pillars, which means we're constantly working with the communities we serve to help make homeownership more accessible, equitable, and affordable. This includes: 

  • Our HomeAssist down payment assistance program offers up to $10,000 in down payment and closing cost assistance to qualifying first-time homebuyers.4 
  • We host free homebuying and homebuilding seminars each year. 
  • We sponsor and volunteer with like-minded organizations, including Habitat for Humanity, ICCF Community Homes, and Jubilee Ministries 

LMCU helps thousands of homeowners every year.

Here’s what a few of them had to say. 

Our mortgage team has 4.9 stars on Zillow.

2026 de Julio

“We thought we needed to wait another year to buy a home, but LMCU showed there was a solution.4” 

 

— Joseph & Hannah, LMCU members

“I didn’t have to look anywhere else, because I know I could get the best rate at LMCU.4” 

 

- Lauren, miembro de LMCU

“We wouldn't be in our home today without LMCU.4” 

— Chantell & Malik, LMCU members
Award

Save even more with LMCU’s Max Mortgage discount!

0.125%3 off base rate
Disclosures

Para prestatarios calificados. Contact your LMCU Mortgage Loan Officer for more information. Down payment amounts differ in Florida.

Para prestatarios calificados. Contact your LMCU Mortgage Loan Officer for more information. Down payment amounts differ in Michigan.

To receive MaxMortgage discount, mortgage payment must be an automatic payment that comes from an LMCU checking account with an ACH deposit. Some programs may not be eligible, discuss with your mortgage loan officer for further details.

El programa de asistencia para el pago inicial HomeAssist de LMCU está disponible para los compradores de vivienda por primera vez que lo soliciten a través de Lake Michigan Credit Union tengan la intención de comprar una residencia principal en Michigan o Florida. Los solicitantes deben tener un ingreso familiar que cumpla con los requisitos de ingreso medio del área local. Los solicitantes serán asistidos por orden de llegada hasta que se agoten los fondos. Es posible que se apliquen cargos adicionales. Usted puede ser elegible para recibir $15,000 si la propiedad en cuestión está ubicada en un área específica y cumple con los requisitos de ingreso medio del área. Programas sujetos a cambios. Consulte a su agente local de préstamos hipotecarios para obtener más detalles.

All featured LMCU members were compensated for their time.