Pre -Approval Loans
10-15-20-30 Yr. Fixed
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.
Our MIHome Mortgage is intended to help homebuyers that may not qualify for conventional financing. Take advantage of homebuyer training prior to loan closing provided at no cost to the member from our partner Greenpath.
Some mortgages written through Frankenmuth Credit Union are classified as Fannie Mae loans. Fannie Mae has announced that for these type of loans they are offering assistance for homeowners who are adversely impacted by this national emergency. These members may be eligible for:
- forbearance plan to reduce or suspend mortgage payments for up to 12 months.
- Credit bureau report of past due payments of borrowers in a forbearance plan as a result of hardship attributable to this nation emergency is suspended.
- Homeowners in a forbearance plan will not incur late fees
- After forbearance, we will work with the borrower on a permanent plan to help maintain or reduce monthly payment amounts as necessary, include a loan modification.
If you have a mortgage with Frankenmuth Credit Union and are in need of assistance please contact us at (989) 497-1600
|as low as|
|Closed End Home Equity|
Max Term 15 yrs or 30 yr amortization with 15 year balloon
|Prime MasterCard Gold Home Equity|
equal to or less than 80% LTV, Prime 4.00% floor of 4.00%
|Prime Plus MasterCard Gold Home Equity|
greater than 80% LTV, Prime 4.00%, floor of 4.00%
(Prime + .75%)
|MasterCard Gold Home Equity|
equal to or less than 80% LTV
|MasterCard Gold Home Equity|
greater than 80% LTV
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.
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.
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.