We are your neighborhood
mortgage solution.

Your mortgage payment will never move.


Your escrow payments will never leave FCU


Save money on closing costs because of no middle man


Apply online, 24 hours a day 7 days a week, with instant feedback!

Rural Development

Pre -Approval Loans

Construction Loans

10-15-20-30 Yr. Fixed

Professional’s MORTGAGE

The new professionals mortgage program is for individuals starting out in the professional fields of medical, dental, and legal. The program is designed for those that don’t have a history of their new professional pay level yet in place.


For the purchase of primary residence


10, 15, 20 or 30 year fixed terms and low down payment 0% to 5%


No PMI and no escrow required for taxes and insurance


Deferred student loan debt not included in debt-to-income ratio for extended buying power

Why choose FCU?

You’re ready to buy the home of your dreams…so why choose FCU? Because we provide a more personalized approach. We have the best rates, the lowest fees, and when you bank local, you support your local community.


We are known throughout Michigan and beyond, as your ‘hometown financial solution.’


We have the best reputation for closing loans on a timely basis.


We work with you face-to-face, not online or over the phone.


Your loan dollars support future lending opportunities for all of our members.

NOTE: Rates are subject to change at any time.

as low as
10 Year Fixed†6.500%
15 Year Fixed†6.500%
20 Year Fixed†6.500%
30 Year Fixed†6.375%
Rural Development6.750%
5 Year Balloon Construction LoanContact Us
10 Year Construction Loan6.375%
15 Year Construction Loan7.000%
20 Year Construction Loan6.750%
30 Year Construction Loan7.250%
5 Yr. Balloon7.250%
10 Yr. Balloon7.350%
*APR=Annual Percentage Rate. Contact us for more information. A loan application fee applies and is included in the APR calculation. FCU Mortgage rates are subject to change at anytime. To get a specific rate, for your individual situation, please contact our Mortgage Department at 989.497.1600.

†Rates are based on a $150,000 loan amount. Rates and fees may vary based on market conditions and are subject to change at any time. Rates are based on a 30 day lock.
Effective Date: July 20, 2024

Our 5 and 10 year balloon mortgages can allow you to amortize your payments up to 30 years.

as low as
Closed End Home Equity
Max Term 15 yrs or 30 yr amortization with 15 year balloon
Contact Us
Prime Gold Home Equity
equal to or less than 80% LTV, Prime 4.00% floor of 4.00%
8.500% Rate tied to Prime
Prime Plus Gold Home Equity
greater than 80% LTV, Prime 4.00%, floor of 4.00%
9.250% Rate tied to Prime + .75%
MasterCard Gold Home Equity
equal to or less than 80% LTV
MasterCard Gold Home Equity
greater than 80% LTV
*APR=Annual Percentage Rate. Rates may change at any time. Must meet FCU's normal underwriting qualifications to be approve. Contact FCU for more information. Loan rates and approval subject to credit score and analysis. A loan application fee applies and is included in the APR calculation for closed-end home equity loans. Equal opportunity lender. For HELOC no fees charged up front and fees are disclosed at time of application. As part of the closing procedures Frankenmuth Credit Union will acquire a security interest in the property. Draws are allowed for 20 years or as long as the account remains open and member is in good standing. Payment in calculated on 1% of the balance or $25, whichever is greater. HELOC rates are variable and based on the current index margin; rate floor is 4.00%APR and will not exceed 25%APR.

Effective Date: July 20, 2024

Neighborhood Mortgage Solutions is a mortgage Credit Union Service Organization (CUSO) that is partially owned by Frankenmuth Credit Union.

Fannie Mae’s HomeView™ Education Course

Fannie Mae launched it new home ownership education course, HomeView™ is available free of cost, and accessible online anytime on any device. HomeView™ puts home-ownership into focus for first-time borrowers by providing tools and information for every step of the home-buying journey. The course includes seven interactive learning modules that guide the user through the steps of buying and owning a home providing comprehensive, easy-to-understand content and resources designed to ensure aspiring home buyers are well equipped to become more informed and successful homeowners.
The course aligns with National Industry Standards and is available free of charge.

Purchasing a home is an extensive, yet rewarding, process which can last several months. It is very important to maintain your finances from initial application to final closing – avoiding any drastic changes. Here are some tips to assist you as along your home-buying journey.

  • Maintain your current employment status – Do not quit or change jobs.
  • Avoid taking on any additional long-term debt, like buying a car or pricey household items, as this will increase your debt-to-income ratio.
  • Do not increase your credit card usage or miss any of your monthly payments.
  • Do not change your primary financial institution, as you want to show a steady banking history.
  • Do not deplete your savings or investment accounts.
  • Avoid making large deposits into your accounts. Your down payment should ideally be in your account for at least two months.
  • Be sure to properly manage your debts and liabilities, and represent your income accurately on your loan application.
  • Do not apply or open new credit or lines of credit, including new credit cards.
  • Do not co-sign a loan for anybody during this process.
10 actions you should avoid while waiting to close on your mortgage:
  • Making large purchases: cars, recreational vehicles, expensive furniture
  • Career changes: quitting or switching jobs
  • Opening or closing lines of credit
  • Getting behind on your bills
  • Failing to answer questions from your lender or broker
  • Having your credit score pulled
  • Making large deposits to your accounts other than your regular paycheck
  • Cosigning on a loan or credit card with anybody
  • Changing financial institutions
  • Taking out a payday loan

Information and interactive calculators are available to you only as self-help tools for your personal use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a Frankenmuth Credit Union professional regarding all personal finance issues. Call 989-497-1600 or find a branch near you.

FCU Members Save on Their Insurance.

My Member Insurance Agency (MMIA), an affiliate of Frankenmuth Credit Union, is committed to providing competitive insurance products and exceptional customer service to FCU members. MMIA is excited to help members protect what matters most with affordable insurance solutions for your Auto, Home, Business, Farm, Life and Health.

Looking to buy a house in Florida? We can help with financing. Contact us today!

meet the mortgage department
Whatever you are looking to achieve, our entire mortgage team is ready to help.
Brad Gnatkowski
Brad Gnatkowski
Billy Watchorn
Billy Watchorn
Craig Marcoux
Craig Marcoux
NMLS# 135023