buying a home family

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
  • Team of experts ready for you with more than 20 years of mortgage lending experience

 

buying a home family outside

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)
  • LifeCycle Loan Program
  • Bridge Equity Loan Program
  • Blanket Loan
  • Non-Warrantable Condos

Meet Our Real Estate Lending Experts!

bill cook real estate lending VP headshot
Bill Cook
NMLS: #174319

Vice President, Real Estate Lending
248.919.5842
bcook@loccreditunion.com

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Schedule an Appointment

Our REL team is ready to help make your dream home a reality!

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debby priskorn real estate lending consultant headshot
Debby Priskorn
NMLS: #504365

Real Estate Lending Consultant
248.522.2324
dpriskorn@loccreditunion.com

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LOC ARM Program Rates
Effective Date: Sunday, April 21st, 2024
Rates as Low asAPR as Low asPointsPayment Example

5/5 ARM - 30 Year

5.625% 6.700% 1.000pts $1,151.00
5.875% 6.751% 0.500pts $1,183.00
6.125% 6.802% 0.000pts $1,215.00

7/1 ARM - 30 Year

5.750% 6.939% 1.000pts $1,167.00
6.000% 7.019% 0.500pts $1,199.00
6.250% 7.099% 0.000pts $1,231.00

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: Sunday, April 21st, 2024
RateAPRPointsPayment Example

15 Year Fixed

6.625% 6.879% 0.750pts $1,756.00
6.750% 6.944% 0.375pts $1,770.00
6.875% 7.009% 0.000pts $1,784.00

30 Year Fixed

6.875% 7.032% 0.750pts $1,314.00
7.000% 7.121% 0.375pts $1,331.00
7.125% 7.209% 0.000pts $1,347.00

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.

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Let's Win Together

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

 

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Here to Help

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Want to talk to someone? Call or text 800.837.4562

Monday - Thursday 9 am to 5 pm
Friday 9 am to 6 pm
Saturday 9 am to 1 pm

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Need to come in to speak to someone?  Make an appointment at one of our convenient locations.