Make Your House a Home

Conventional Fixed-Rate Mortgage

as low as

3.250%

Adjustable Rate Mortgage

as low as

2.750%

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Mortgage Options

What we offer

When you find the one, you know. Maybe it's the open layout, a cozy family room, or a kitchen that will serve as the hub for family gatherings. Let us help you get into the home of your dreams. And now you can quickly and conveniently apply for a mortgage through the OU Credit Union Mobile app.

We offer home loans for owner occupied/vacation homes in the following states:

• Michigan
• Illinois
• Indiana
• Ohio
• Florida

Currently non-owner-occupied, construction, and manufactured home loans are only available in Michigan.

Mortgage Special

Rates as low as 3.250% APR when you finance your home with 30% down payment or equity and 760+ credit score.

Conventional Fixed-Rate Mortgage

Finance your home with the institution you trust. Select from 10-, 15-, 20- and 30-year terms with a fixed rate for the length of the loan. A down payment of at least 3% is required.

Adjustable-Rate Mortgage

Secure your home loan at a lower rate for the first 3 to 5 years. Adjustable-Rate Mortgages are perfect for short-term home ownership, large payments towards the loan in the first few years, or for members simply looking to save money with a lower fixed rate for the first 3 to 5 years. Select from 3-1 or 5-1 ARMs for 15- or 30-year terms.

Disclosures

Mortgage Special Fine Print
OU Credit Union members who apply and are approved for a new OU Credit Union mortgage will receive a rate as low as 3.125% APR when financing a home with 30% down payment or equity and 760+ credit score. Subject to change, and stated for members with high credit scores. Actual rate may be higher and will be determined by members credit score and term of loan. Cannot be combined with any other mortgage offers.

Primary residences, owner-occupied, vacation homes, or single family located within Michigan.

Electronic Correspondence Disclosure and Agreement

Multi-Featured Loan Agreement

Service Fee Schedule

DocuSign Disclosure

Borrowers Bill of Rights

Consumer Caution and Home Ownership Counseling Notice

Electronic Correspondence Disclosure and Agreement

Mortgage Information

Nationwide Mortgage Licensing Systems IDs

Home Mortgage Disclosure Act Notice

Consumer Handbook on Adjustable-Rate Mortgage

Fixed-Rate Mortgage Loan Payment Example: A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $240,000 with 20% down payment, the mortgage for $200,000 borrowed at a 4.50% interest rate (4.56% APR) for a term of 360 months would require monthly payments of $1,013.37. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

5/1 ARM Mortgage Loan Payment Example: A primary residence, owner-occupied single family home in Michigan with a purchase price of $240,000 with 20% down payment, the mortgage for $200,000 borrowed at 4% interest rate (APR Rate 4.06% ) for a term of 360 months would require monthly payments of $954.83. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. With a 5/1 ARM, your loan will have an initial fixed-rate period of 60 months. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Rate is variable after the fixed-rate period and subject to change every year for the remaining life of the loan. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender

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