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Home Financing Solutions

Call 989-497-1600 ext 1774


Whether you are looking to purchase, refinance, build, do home improvements, or buy a second home - Frankenmuth Credit Union has solutions for you. We offer:

  • Vacant Land Loans
  • Construction Loans
  • Home Equity Loans - lines of credit (with Credit Card access) and fixed
  • 10, 15, 20 and 30 Year Fixed Conventional Loans
  • Rural Development Loans
  • Pre-Approvals
  • New Professionals Mortgage Program
  • More

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mi home logo

Frankenmuth Credit Union introduces MIhome, a home financing solution for low-to-moderate income families in Michigan

  • no minimum credit score*
  • maybe the option of financing up to 100% loan-to-value
  • ACCEL home-buyer training prior to loan closing provided at no cost to the member
  • Private Mortgage Insurance Waived
  • 10, 15, 20 and 30 year fixed repayment terms
  • minimum loan amount is $5000

*Derogatory credit history must be explained with an extenuating circumstance. Must be a member to apply for loan. Loan is for new purchase only not refinancing.




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For more information or for questions about qualification, contact our Mortgage Solutions Department at 989-497-1600 extension 1774 or use the email button below.

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24 / 7 Online Mortgage Application and Approvals:

FCU has an online mortgage application. This means you can apply when you want to from the comfort of your home, and not just when the Credit Union is open, with instant underwriting feedback 24 hours a day 7 days a week. Apply for your Mortgage today!

Mortgage Application Checklist To expedite the procession of your loan application, please have the following items ready.
1) Copy of your signed purchase agreement and any signed addendums (for purchases) 8) Rental income: copy of current lease(s)
2) A copy of the property listing card or sheet (for purchases) 9) Proof of alimony and/or child support, copy of divorce decree and property settlement (ratifies) describing terms; proof of payment may also be requested at application
3) Front and back copy of earnest money deposit check (for purchases) 10) Retirement, Social Security, and Disability income: copy of award letter and latest check showing amount of present payment
4) Property taxes and homeowners' insurance of subject property for last 12 months 11) Last 2 months' bank statements for savings and check accounts (FCU statements not needed)
5) Two years' signed federal tax returns 12) Most recent 401(k), stocks, bonds, life insurance (cash value) statements
6) Two years' W-2s and/or 1099's 13) Appraisal fee
7) Copy of the most recent pay stub(s) totaling 1 month  

Other Benefits to a Mortgage with FCU:

  • Your mortgage payment won't move. FCU Mortgage payments continue to be made right here. No guessing on where your mortgage is getting sold to next and where that payment needs to be sent.
  • Know where your escrow account deposits are. They stay right here at FCU and will not be floating to some mysterious location.
  • Save money on closing fees because of no middle man.

Mortgage Loans
Effective Date: Saturday, July 20th, 2019
NameAPR as low as*
5 Yr. Balloon 5.000%
10 Yr. Balloon 5.100%
Our 5 and 10 year balloon mortgages can allow you to amortize your payments up to 30 years.
30 Yr. Fixed 3.875%
20 Yr. Fixed 3.625%
15 Yr. Fixed 3.375%
10 Yr. Fixed 3.250%
Rural Development 4.500%
5 Yr. Balloon Construction Loan Contact our Mortgage Dept.
30 Yr. Construction Loan 4.125%
20 Yr. Construction Loan 3.875%
15 Yr. Construction Loan 3.625%
10 Yr. Construction Loan 3.500%
APR=Annual Percentage Rate. Contact us for more information. FCU Mortgage rates are subject to change at anytime and published rates only give a ball park of what current rate offerings are. To get a specific rate, for your individual situation, please contact our Mortgage Department at 989.497.1600.


Meet Your Hometown Mortgage Team!

Whatever you are looking to achieve, our entire mortgage team is ready to help.

Brad Gnatkowski

Billy Watchorn

Miller Pam
Pam Miller

Marcoux Craig
Craig Marcoux
NMLS# 135023

Welch Aaron
Aaron Welch
NMLS# 1604416

Koon Sheila
Sheila Koon
NMLS# 1645675



Contact one of our mortgage specialists today for all your real estate lending options.(Standard email is not necessarily secure, please refrain from sending private non-public information via email.)  

Mortgage services fax # (989) 497-8995

What is Neighborhood Mortgage Solutions?

Neighborhood Mortgage Solutions is a mortgage CUSO that is partially owned by Frankenmuth Credit Union. Do you work for a different credit union that is looking for a mortgage solution for your members? If so, learn more about Neighborhood Mortgage Solutions.

Frankenmuth Credit Union's NMLS#454059

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