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 Loan Information 

Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here.



During the construction period of your mortgage, your monthly payment will be calculated as the interest due based on the outstanding balance of your loan. After the construction period ends your monthly payments will be calculated based on the outstanding balance of your loan, the applicable interest rate, and remaining loan term. An estimate of that monthly payment is shown below and is subject to change.



Lake Michigan Credit Union is a participant in the Federal Making Home Affordable refinancing program. In order to be eligible for this special financing you must meet certain criteria. Click here to determine if you qualify. If you believe you qualify and feel that the Making Home Affordable program shown below is best for you select it below.

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  • Base interest rates, annual percentage rates (APRs) and points are shown, and include the Max Mortgage program requiring automatic payment transfer from a LMCU Checking Account. Current account holders are also eligible. Your interest rate, APR and points may vary depending on your specific credit terms and property analysis. The interest rates, APRs and points shown are subject to change without notice.
  • The loan term is 30 years and there is no prepayment penalty, so you can make extra payments monthly or pay off the loan early without penalties or fees. Base interest rates, annual percentage rates (APRs) and points are shown, and include a 1% origination fee in the interest rate quoted. Your interest rate, APR and points may vary depending on your specific credit terms and property analysis. The interest rates, APRs and points shown are subject to change without notice. The monthly payment amount shown includes principal, interest, and mortgage insurance. Your actual monthly payment will be higher if an escrow/impound account is established or required. Your APR will vary based on your final loan amount and finance charges.
  • The loan term is 15 years and there is no prepayment penalty, so you can make extra payments monthly or pay off the loan early without penalties or fees.
  • The monthly payment amount shown includes principal and interest. Taxes, property insurance, and flood and mortgage insurance (if applicable) are not included in the monthly payment amount. Your actual monthly payment amount may be higher. An escrow account may be required.
  • Your APR will vary based on your final loan amount and finance charges.

Complete the form below and we will create customized quotes based on your loan details.

Note: Answering "No" to Escrows/Impounds may limit the number of programs available to you.

We have assumed you will use the same criteria you used for your rate search. Click here to adjust the criteria for this rate watch.