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"Yes. No problem. Boom. Done. The credit union is made up of us. They have faith in us and are part of our extended family. Getting a mortgage was easy... not intimidating at all."
Ann and Jim love their rural home in Three Rivers, Michigan. It’s in a beautiful scenic area, enabling them to enjoy the peace and quiet of their natural surroundings. It also features a historic barn and space to play with Jim’s antique tractor collection. Two homes also sit on the property. Financing this unique property would make some financial institutions cringe, but for Ann and Jim, it was made simple.
Ann, a sales representative for Dutch Housing Inc., and Jim, a records technician for Duncan Aviation, refinanced their home with Consumers early in January. They saved money and increased cash flow by consolidating other debt, including two car loans. It also put life back in balance by making resources available for favorite pastimes...like ballroom dancing classes.
Their mortgage began with a simple visit to one of our mortgage specialists just before Thanksgiving. Everything else was handled by email or regular mail; taken care of easily, creating a relaxed experience. They closed on their loan right after Christmas and are now enjoying one low payment.
–Ann and Jim S., joined 2011
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Custom-Made Mortgages
Quick, seamless, and local. Never one-size-fits-all.
Apply today, get pre-approval tomorrow when you get your mortgage from Consumers*. We'll help get you in your home faster and make the entire process less stressful for you and your family.
Consumers Credit Union offers a range of mortgage products to make your dream of home ownership a reality. We offer mortgages for primary residences and vacation homes. We also offer refinance opportunities to save you money. A home may be your biggest investment, so let Consumers help with every phase of your mortgage. Benefits include:
 Local processing and loan servicing - Fast and easy application process
- Convenient escrow account for taxes and insurance
- Great rates and terms to fit your needs
You can apply for your mortgage at any Consumers office or online. We’ll review your home financing needs and help you find the best solution.
Fixed Rate
A fixed rate mortgage from Consumers gives you peace of mind by offering a consistent payment amount for the entire term of your loan.
A longer term will enable you to get more house for your money with a lower monthly payment. A shorter term enables you to save money by paying off your balance more quickly and reducing your interest expense. Benefits include:
- A variety of terms ranging from 10, 15, 20, or 30 years
- Low closing costs to save you money
- Prepay at anytime without penalty
Adjustable Rate
Adjustable rate mortgages are different from traditional, fixed rate mortgages because the interest rate is variable, (typically lower than our fixed rate options), and changes over the life of the loan. Your rate is based on an index. Typically, the index is the yield on appropriate Treasury Bills, reflecting current market conditions. As rates fluctuate, your payments will go up or down accordingly. We can help review your unique situation to see if an adjustable rate mortgage is right for you. Benefits include:
- A generally lower initial interest rate (saving you money if rates remain steady or continue dropping)
- Can be beneficial if you plan to stay in your home a short time
- A variety of terms available for more flexibility
- Low closing costs for added savings
- No penalty pre-payment option
Lot Loans
Lot loans enable you to obtain a mortgage for the property of your dreams. A low fixed rate will save you money and only 20% down is required, so your loan will be affordable. Typically, a lot loan carries a 15-year amortized term and 5-year balloon to keep costs down until you’re ready to start construction. Benefits include:
- Low fixed rates to save you money
- A lower monthly payment with a 15-year amortization
- No penalty pre-payment option
Construction Loans
A construction loan is the perfect option when you need funds to pay your builder for labor and material costs during new home construction. Benefits include:
- Convenient financing from one lender for both construction and permanent financing
- Make “interest only” payments during construction for easier budgeting
- Low closing costs to save you money
- Float-down rate locks that allow you to take advantage of lower rates upon construction completion
During this time, you’ll receive fund disbursements to pay your builder. You’ll be required to pay only the accrued interest on the outstanding balance monthly. Once construction is complete, your loan will be converted to the permanent mortgage selected during the application process.
Whether you’re buying a new home or would like to refinance, we offer low rates, low closing costs, and a full range of mortgage options, including new construction and lot loans.
Call 800.991.2221 to speak with a mortgage professional.
*Some restrictions apply. Offer subject to verification and credit approval. An active checking is required.
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Welcoming all individuals who live or work in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Ottawa, St. Joseph, or Van Buren Counties, Michigan. It’s easy to become a member! Privacy Policy | Site Map