Search
Previous Menu
Guiding You Toward Your First Home
What to Expect
We make the process simple and straightforward. From your first question to your final closing, we’re committed to helping you move forward with confidence.
Determine What You Can Afford
To figure out how much home you can afford, take a look at your total monthly income, your current monthly payments to other debts, and the amount you’re left with after subtracting your monthly debts. A good rule of thumb: your mortgage payment should be about 28% of your monthly income.
Find the Right Mortgage for You
Choosing a mortgage can play a huge role in determining your monthly payments. For example, a fixed-rate mortgage locks in the same rate for continued payments, while an adjustable-rate mortgage (ARM) starts at a lower rate and can fluctuate with market trends. Learn more about MCU’s home loan options.
Apply for Your Mortgage
Next, it’s time to apply for your MCU home loan! Don’t miss out on this opportunity to save on your journey toward homeownership.
Get Expert Support, When You Need It
.jpg)
Keep These Steps in Mind for a Successful Closing
Securing a mortgage is just the beginning of your journey toward homeownership. Here are a few important steps to keep in mind as you move forward with closing on your new home.
Shop for Closing Services.
Once you’ve completed your loan application, the lender will provide you with a list of companies that offer closing services. You can choose to work with one of these companies from the provided list.
Review Your Loan Estimate for Changes.
The lender can modify the fees they initially quoted only if there were errors or changes in your application. It’s essential to carefully examine and understand each of these changes.
Understand Your Closing Disclosure.
You will receive the official Closing Disclosure—a five-page document containing crucial loan details—at least three days before your closing. It’s important to thoroughly review
this document.
Banking That’s Always by Your Side
Access the information you need, when you need it with our easy-to-navigate digital banking platform. Discover helpful tools and settings that make banking smarter, not harder.
Download the Mobile Banking App
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.
