Home Mortgages

A Home Mortgage from EECU – A Community Credit Union will help you feel more comfortable about your future…and you can trust our Mortgage Professionals to help you with your borrowing needs.

We understand that buying a new home is one of the most important decisions you will make in a lifetime. EECU has been committed to building relationships with our members and community by delivering outstanding member service and affordable financial solutions since 1936, and we promise that you’ll feel right at home with our personal service, great rates and generous terms. For your convenience, our Mortgage Professionals will help you customize a program that best suits your family’s needs. Enjoy all the comforts of your new dream home when you take advantage of our Home Mortgage Program today!
 

Home Mortgage Solutions

For the most competitive Mortgage rates in Michigan, you can rely on EECU to help you select and customize the Mortgage program that best accommodates your financial needs.

Fixed-Rate Mortgages

• 15, 20 and 30-year terms
• Fixed monthly payments

Adjustable Rate Mortgages (ARM’s) 

• Rate fixed for a specified time frame (1, 3 or 5 years) and adjusted annually thereafter
• Ideal for first time homebuyers opting to upgrade in a few years

Balloon Mortgages 

• 5 and 7-year balloon loans with a fixed-rate
• Payment calculated on a 30-year payment schedule

Bridge Loans 

• Current home’s equity is used to finance the down-payment of a new home
• Contact our Mortgage Department for terms and conditions

Vacant Land Loans 

• Helps member purchase the lot on which to build a new home
• Contact our Mortgage Department for terms and conditions

Construction Loans

• Helps member finance the construction of a new home
• Contact our Mortgage Department for terms and conditions

A QUICK & EASY GUIDE TO 

Mortgage Pre-Approval – it’s free!

Purchasing a new home?
With EECU’s quick and easy guide to Mortgage pre-approvals, you can shop with confidence knowing you have a Home Mortgage Loan that has already been approved – plus an interest rate that is guaranteed for up to 45 days.

What are the advantages?
Enjoy the security of being approved for your Mortgage before you begin searching for a new home. Strengthen your negotiating position when making an offer on a home by submitting your pre-approval letter to your Realtor®. Look for a home for up to 45 days with the satisfaction of knowing you have an approved loan with a guaranteed interest rate.

Free Home Mortgage Loan Analysis
Compare the costs of various Home Mortgage Loan options and determine how much you can afford before you begin looking for your new home.
 

RECEIVE YOUR

FREE Home Mortgage Pre-Approval

To receive your FREE home Mortgage pre-approval, please bring the information provided below with you to your appointment:

Purchase Transaction (including new construction) 

• Purchase/building agreement
• Plans and specification (new construction)
• Copy of deed (if building new home on member’s lot)
• Last Two Pay Stubs and W-2’s from the last two years
• Driver’s license
• Complete federal tax returns – personal and business (self-employed)
• Current profit/loss and balance sheet (self-employed)
• Evidence of sufficient funds to complete transaction, bank statement, 401K statement, HUD settlement statement from sale of current home
• Other supporting documentation necessary to complete loan application processing

Refinance Transaction 

• Copy of deed, title insurance policy or survey
• Last two pay stubs and W-2’s from the last two years
• Driver’s license
• Complete federal tax returns – personal and business (self-employed)
• Current profit/loss and balance sheet (self-employed)
• Home owner’s insurance information
• Other supporting documentation necessary to complete loan application processing
• Current Mortgage statement
• Asset information for reserves (i.e. 401k, bank statements, stocks, etc.)

*If property is in trust, a certificate of trust existence copy is required.

All Home Mortgages are originated, processed, closed and serviced locally. Please see our current rates page for our up-to-date interest rates…contact our Mortgage Loan Originator at 517.787.2060, ext. 236 to apply for your EECU Home Mortgage today!
 

We provide the mortgage. You provide the memories.

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