Buying or Building a Home

Find your dream home & let us do the rest!

At LOC Credit Union, we don't just want your mortgage business, we understand how important a home can be to your quality of life, both emotionally and financially. Whether you're in the market to buy or build your first home, or seeking to refinance an existing mortgage, let us put our expertise to work for you. We'll be with you every step of the way to help you pursue your home ownership goals thanks to our:

Great low rates and custom mortgage products
Very competitive fees and closing costs

Unique mortgage solutions
built for you

In addition to our standard mortgage offerings, we have a number of unique financing options when it comes to buying a home. While we know every buying situation is unique, we've crafted a number of different programs that could fit each of your financing needs.

Adjustable Rate Mortgages (ARMs)
Non-Warrantable Condos

Let's Turn Those Amazon Boxes Into Moving Boxes!

Make Your Dream
Home a Reality

Let us help you make the big move!

Schedule an Appointment

Setup some time with our Real Estate Lending experts to ensure you've got everything you need to purse your home ownership dreams.

It's Time to
Get Moving!

Follow the link below to get the application process started today.

LOC ARM Program Rates

Effective Date: Tuesday, May 27th, 2025

Rates as Low as	APR as Low as	Points	Payment Example
5/5 ARM - 30 Year
5.750%	6.454%	1.000pts	$1,167.00
6.000%	6.505%	0.500pts	$1,199.00
6.250%	6.557%	0.000pts	$1,231.00
7/1 ARM - 30 Year
5.875%	6.534%	1.000pts	$1,183.00
6.125%	6.615%	0.500pts	$1,215.00
6.375%	6.696%	0.000pts	$1,248.00
All payment examples are based on a sample purchase transaction of $250,000 with 20% down and a FICO score of 780 or greater for a single family residence. Payment example does not include homeowner insurance, property taxes, private mortgage insurance, or homeowners association dues. Actual payments may vary based on amount, term, APR, taxes and insurance and other factors. Homeowner insurance required. All loans terms and conditions are subject to Credit Union qualifications and approval. Some restrictions may apply. ^{^}Representative examples of payments after first adjustment.

LOC Mortgage Program Rates

Effective Date: Tuesday, May 27th, 2025

Rate	APR	Points	Payment Example
15 Year Fixed
6.125%	6.378%	0.750pts	$1,701.00
6.250%	6.443%	0.375pts	$1,715.00
6.375%	6.509%	0.000pts	$1,729.00
30 Year Fixed
6.750%	6.908%	0.750pts	$1,297.00
6.875%	6.996%	0.375pts	$1,314.00
7.000%	7.084%	0.000pts	$1,331.00
All payment examples are based on a sample purchase transaction of $250,000 with 20% down and a FICO score of 780 or greater for a single family residence. Payment example does not include homeowner insurance, property taxes, private mortgage insurance, or homeowners association dues. Actual payments may vary based on amount, term, APR, taxes and insurance and other factors. Homeowner insurance required. All loans terms and conditions are subject to Credit Union qualifications and approval. Some restrictions may apply. ^{^}Representative examples of payments after first adjustment.

Are you ready to join LOC?

It’s easy to become a member of LOC Credit Union!

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

Join Now