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We're excited to announce that the MCU website has been rebuilt and redesigned for an improved banking experience. Discover the exciting changes and enhanced features by visiting our dedicated information page.

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Conventional Mortgages

A Great Mortgage Will Help You Land the Home of Your Dreams.

In the market for a new place to call home? MCU is ready to help, with competitive interest rates and member-friendly lending terms.

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Join MCU Today
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Find a Mortgage That Works for You.

Make your dream home a reality with an MCU mortgage—enjoy flexible loan terms, low-interest rates, and guided support from our team of expert Lending Sales Specialists.

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Competitive Rates

Keep more money in your pocket while you work toward home ownership. MCU members enjoy low interest rates with all of our loan options, regardless of your preferred term length.

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Easy Online Application & Management

You can apply for a Conventional Mortgage using MCU’s easy online application. Making payments online is easy too with our suite of flexible, automatic payment tools.

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Top-Tier Support

Our expert team of Lending Sales Specialists is here to help ensure that you have the resources you need to make informed financial decisions, every step of the way.

We’re Ready to Help You Get Past Any Homebuying Hurdles.

Whether you’re just starting browsing for real estate in your area or have already picked out your dream home, MCU is ready to help you bring your goals to life.

Our team of Lending Sales Specialists is excited to help you find the right lending option for your unique needs, and ready to answer any questions that pop up along the way.

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Competitive Fixed-Rate Mortgage Options

No matter the length of your investment, we offer competitive interest rates to support your goals and turn your dream house into a home.

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10-Year Term

Take out a loan over a 10-year term, and lock in rates as low as 5.500% APR*.

Apply Today
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15-Year Term

Take out a loan over a 15-year term, and lock in rates as low as 5.750% APR*.

Apply Today
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20-Year Term

Take out a loan over a 20-year term, and lock in rates as low as 5.875% APR*.

Apply Today
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30-Year Term

Take out a loan over a 30-year term, and lock in rates as low as 6.125% APR*.

Apply Today

Looking for a Different Type of Mortgage?

Finding the right mortgage can be challenging. That’s why we offer our members a variety of mortgage options—all with member-friendly terms, competitive rates, and top-notch support.

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Jumbo Mortgages

Purchasing a luxury home or higher-priced property? A Jumbo Mortgage may give qualified borrowers a higher lending limit—up to $1 million. 

See Jumbo Mortgages
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High-Balance Mortgages

In the market for a home in a high-cost neighborhood? With a High-Balance Mortgage, the borrowing limit may be higher based on area market values.

See High-Balance Mortgages
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Adjustable Rate Mortgage

Want the best of both worlds? Our Adjustable Rate Mortgages combines the benefits of fixed and adjustable rates into one great loan option.

See Adjustable Rate Mortgage

Get Expert Support, When You Need It.

Connect with one of our Lending Sales Specialists to receive personalized support with all of your lending needs—just another perk of being a member of the MCU community.

Adam Gonda
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Adam Gonda

Schedule a one-to-one meeting with Adam.

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Cesarina Pena
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Cesarina Pena

Schedule a one-to-one meeting with Cesarina.

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Michele Palmucci
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Michele Palmucci

Schedule a one-to-one meeting with Michele.

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Omar Osoria
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Omar Osoria

Schedule a one-to-one meeting with Omar.

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Sabrina Kilgore
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Sabrina Kilgore

Schedule a one-to-one meeting with Sabrina.

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Shantell Wynn
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Shantell Wynn

Schedule a one-to-one meeting with Shantell.

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 Walter Skowronski
Connect with
Walter Skowronski

Schedule a one-to-one meeting with Walter.

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Xiang He Lin
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Xiang He Lin

Schedule a one-to-one meeting with Xiang.

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Sherry Munro
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Sherry Munro

Schedule a one-to-one meeting with Sherry.

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Pedro Lopez
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Pedro Lopez

Schedule a one-to-one meeting with Pedro.

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Taurean Durham
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Taurean Durham

Schedule a one-to-one meeting with Taurean.

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 Arnold Allston
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Arnold Allston

Schedule a one-to-one meeting with Arnold.

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Explore Additional MCU Lending Options.

We work hard to ensure that our community heroes get the financial support they deserve. Whether you're buying a home, a vehicle, or something else, MCU is here to help you along the way.

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Personal Loans

Need to pay for an unexpected expense, a special event, or just need some extra cash to consolidate some high-interest bills? An MCU Personal Loan is a hassle-free way to access the funds you need and take control of your finances.

See Personal Loans
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Auto Loans & Services

Get access to reliable products that help you buy, refinance, or insure your car. Explore our affordable loan and service options so you can focus on what really matters: grocery runs, daycare pickups, or a new commute.

See Auto Loans & Services

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
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Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

When Should You Take Social Security?

When Should You Take Social Security?

Filing for Social Security benefits as soon as you can  — or shortly thereafter —  a few years early may seem like a good idea at first. The money is ...
How To “Trick” Yourself Into Saving More

How To “Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. ...
How Much Should You Save For Retirement?

How Much Should You Save For Retirement?

In a perfect world, you would start saving for retirement with your very first paycheck and keep at it until the day you left your job some 40 years later. But not everyone works ...
FAQs

Get Answers to Our Most Frequently Asked Questions.

What type of documentation do I need for a conventional loan?

When you’re ready to apply for a conventional loan, it’s a good idea to have these documents ready to go:

  • Tax returns
  • Pay stubs, W-2s or other proof of income
  • Bank statements and other assets
  • Credit history report
  • Gift letters
  • Photo ID
  • Renting history
  • Debt history

Is there a cap on how much I can borrow with a conventional loan?

Yes. A conventional loan will allow you to purchase a home for up to $647,200 in most counties and up to $970,800 in high-cost counties.

Can I only buy certain types of homes with a conventional loan?

You are not limited in the types of homes you can buy with a conventional loan. You can buy a single-family house, condo, apartment, etc—it’s up to you!

What is the primary benefit of conventional loans?

The primary benefit of a conventional loan is its ability to reward borrowers with good-standing credit with a much lower interest rate throughout the loan term.

How much of the down payment do I need for a conventional loan?

You will find that the minimum down payment for a conventional loan is 3%. However, those with lower credit or higher debt-to-income ratios may be required to put down a more significant initial down payment.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.

Join Now
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Disclosure:

*APR = Annual Percentage Rate.

PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on loan amounts of $280,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply. For more details, see our Rates page.

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