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Mortgage Rates

Lake Michigan Credit Union Overview

Lender Summary

    -  States Served

    -  Lender Fees

Mortgage Rates

Lender Summary

Lake Michigan Credit Union is a regional lender serving consumers in 1 states and provinces. Lake Michigan Credit Union offers a broad range of product offerings including conventional fixed mortgages in 15, and 30 year terms. In addition, Lake Michigan Credit Union offers 30 year adjustable rate mortgages (ARMs) in 3, 5, and 7 year terms - Adjustable Rate Mortgages will stay at a fixed rate for an introductory period. After the introductory period, the payment and rate will change with current mortgage rates. For former or active members of the military, Lake Michigan Credit Union offers VA loans which can offer low down payments and zero primary mortgage insurance (PMI).

States Served

Lake Michigan Credit Union is a regional lender serving customers in the following states: Michigan.

Lake Michigan Credit Union Service Map

Lender Fees

Lender fees include processing, underwriting, application, and origination charges. Unlike processing, underwriting, and application fees, an origination fee is based off a percentage of the loan amount similar to a discount point. Lake Michigan Credit Union has the following FIXED charges for each loan originated: processing - $820, underwriting - $0, application - $0. Lake Michigan Credit Union does not charge an origination fee.

Lake Michigan Credit UnionExample Fee Calculation
$300,000
Fixed Lender Fees$820
Origination 0%$0
Total Lender Fees$820
APR Increase0.022%

Mortgage Rates

FIXED
30 Year
2.875%
2.874%
15 Year
2.25%
2.263%
ARM
3/1 Arm
2.00%
2.022%
5/1 Arm
2.50%
2.522%
7/1 Arm
2.625%
2.648%
VA
15 Year
3.625%
3.668%
30 Year
2.625%
2.648%
JUMBO
Jumbo Mortgage Icon
15 Year
2.375%
2.417%
30 Year
3.125%
3.158%
3/1 Arm
2.50%
2.532%
5/1 Arm
2.625%
2.657%
7/1 Arm
2.75%
2.782%
FIXED
30 Year
3.125%
3.133%
15 Year
2.375%
2.452%
ARM
3/1 Arm
2.50%
2.521%
5/1 Arm
3.00%
3.021%
7/1 Arm
3.125%
3.143%
VA
15 Year
3.625%
3.668%
30 Year
3.00%
3.033%
JUMBO
Jumbo Mortgage Icon
15 Year
2.625%
2.667%
30 Year
3.25%
3.293%
3/1 Arm
2.75%
2.772%
5/1 Arm
2.875%
2.897%
7/1 Arm
3.00%
3.02%