Create memories and experience life in a new home.

Borrowing funds for a larger down payment can help you purchase your dream home.

Solve down payment challenges
Avoid mortgage insurance
Choose a loan with a fixed or adjustable rate

Increase your down payment and reduce your costs

Most mortgage loans require a 20% down payment. Borrowers who can't pay that much are often required to purchase Private Mortgage Insurance (PMI), which can result in hundreds or thousands of dollars spent each year. Michigan First Mortgage can help you avoid this significant cost with a second loan that brings you to that 20% threshold. 

  • Second mortgage is closed at the same time as the first mortgage
  • Maximum total loan-to-value (TLTV) ratio of 95%
  • Competitive rates
  • Fixed-Rate and Variable-Rate Loans available

Michigan First Mortgage is a division of Michigan First Credit Union, a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.