Oakland University Credit Union

Home Loan Options

Knowing where to start with buying or refinancing a home can be confusing. At OU Credit Union, we're here for you throughout every step.

Start by applying for a mortgage online in our mortgage center, on the OU Credit Union Mobile app, or at a branch. Next, you'll be assigned a mortgage officer who will let you know your preapproval information, as well as help answer any questions you may have about the process. Once you're preapproved, enjoy searching for your new home with the assurance that your interest rate is locked in for 90 days. Choose from many options for your loan, including down payments as low as 3%, flexible terms ranging from 10 to 30 years, variable, or fixed rate mortgages, and more. Whether you're buying your first home, moving somewhere new, or refinancing your existing home loan, OU Credit Union is here for you with knowledgeable experts, options, and more.

90-Day
Preapproval
Rate Lock

Take some of the pressure off finding your new home with our 90-day preapproval rate lock. With a preapproval, you'll lock in your rate for 90 days while you look for the perfect home. No need to worry about rates going up while you search.

Apply in the
Mobile App

On-the-go looking at houses? With just a few taps of your finger, you can apply for a mortgage from anywhere with our convenient mobile app. Just log into the mobile app, tap the icon in the upper left corner, then tap Apply for a Mortgage.

As low as
3% down

You don't have to have put a huge down payment on your new home. With as low as 3% down on your mortgage, you'll be able to save the rest of your money for the expenses that come with owning a new home. Buy a new couch, or get some landscaping done - whatever you need for your new home, the choice is up to you.

First Time
Home Buyers
Program

Buying a Home for the first time is a big step, and we're here for you throughout the journey. Our friendly and knowledgeable mortgage officers are available to help answer any questions that pop up along the way. First-time homebuyers receive $500 off closing costs, a closing gift, and the ability to choose from a variety of options including terms ranging from 10 to 30 years, and fixed- and variable-rate mortgages.