Take advantage of lower initial interest rates with our exclusive Adjustable-Rate Mortgage option.
Use your assets to help qualify for a home loan.
Financing a barndominium is easier than you think with Mortgage Center.
Leverage a family member’s strong credit to help you qualify for better loan terms.
A flexible home loan with great rates and terms. Very popular for homebuyers.
Tailored mortgage program for doctors and medical professionals with flexible terms.
Competitive fixed rates backed by Fannie Mae or Freddie Mac — predictable payments for the life of the loan.
Government-backed home loan with flexible credit guidelines and low down payment.
Mortgage financing for homes with small-scale farming or hobby farm use.
Lower down payments and PMI costs, with more flexibility to fund the purchase of your dream home.
Purchase and renovate your home with one convenient mortgage solution.
Financing for high-value homes with flexible terms and competitive jumbo mortgage rates.
Second-chance mortgage program for buyers rebuilding their financial future.
Mortgage solutions for condos that expand upon traditional lending guidelines.
Finance your build and permanent mortgage with one simple, streamlined construction loan.
Lower or eliminate private mortgage insurance (PMI) costs for greater monthly savings.
Low down payment financing for experienced buyers.
An exclusive VA home loan option for veterans, active-duty service members and eligible military families.
Purchase with no down payment and make homeownership more accessible. Perfect for First-time homebuyers.
Simplify your refinance with reduced paperwork.
Refinance your hobby farm property with flexible loan options designed for unique homes with agricultural use.
Get the most from your home’s equity with a maximum cash-out refinance. Use funds for home improvements, debt consolidation, or major life expenses.
Refinance your non-warrantable condo with flexible mortgage options that work for properties outside traditional lending guidelines.
This option can fund construction costs when you already own the land. This option can also pay off an existing land loan, if applicable.
Lower or eliminate PMI costs with our PMI Saver refinance option.
Ideal for borrowers who would like expanded qualifying options.
Saves you money if you’re active military or a veteran by allowing you to put no money down and avoid the cost of mortgage insurance.
The information provided assumes the purpose of the loan is to purchase an existing single family detached home and will be used as a primary residence. Rate is shown with promotion of .50% The loan amount is $225,000 and the purchase price is $300,000. For Golden Jumbos, the loan amount is $900,000 and the appraised value is $1,200,000. The property is located in Oakland County, Michigan. There is an escrow account for property taxes and homeowners insurance. The rate lock period is 45 days and the assumed credit score is 780 or higher.
The monthly payment amount shown includes only principal and interest. The escrow for property taxes, homeowners insurance, flood and/or mortgage insurance if applicable are not included in the monthly payment amount. Your actual monthly payment will be higher with escrow account included.
The interest rates, APRs and points shown may change throughout the day due to varying market conditions. Rates effective as of October 4, 2025. Rates are subject to change. To get more accurate and personalized results, please call 833-218-8564 to talk with a loan expert.
1Offer for .25% rate discount is available on 30-year fixed Fannie Mae conforming purchase and refinance transactions. Application must be taken between 1/01/25 – 8/31/25. Mortgage amount must be between $40,000 and $806,500 to be eligible. Mortgage rates current as of 04/8/2025 and assumes a 30-year fixed-rate purchase of a detached, owner-occupied property with a loan to value ratio of 75% and a credit score of 780. A loan amount of $225,000 at an interest rate of 6.5% and an APR of 6.633% has a payment of $1,422.15 with 0 points due at closing. Payment does not include property taxes/insurances; actual payment will be higher. Offer applies exclusively to Conventional Residential First Mortgages and One Time Close Construction Loans financed with Mortgage Center, and excludes all other mortgage products.
2Offer for .25% rate discount requires monthly direct deposit of at least $400 to an account maintained at Lake Trust Credit Union. Application must be taken between 1/01/25 – 8/31/25.
Up to date rate information can be found at Mortgagecenter.com/laketrust/rates/purchase. Lake Trust Credit Union membership required. Offer may not be combined with any other promotion or discount. These offers have no cash value. These offers are non-transferrable. Terms are subject to credit and mortgage approval. Mortgage Center is an Equal Housing Lender, NMLS# 282701. Lake Trust Credit Union is Federally Insured by NCUA and is an Equal Opportunity Lender.
Your adjustable rate loan of $225,000.00 for 30 years has a starting payment of $1,313.04. Your interest rate remains fixed at 5.75% for 60 months, after that time your interest rate is expected to change by 2% every 12 months. Your highest monthly payment, in this scenario, would be $1,944.15.
| Number of Payments | Interest Rate | Total Payment |
|---|---|---|
| 1 | 5.75% | $1,313.04 |
| 60 | 7.75% | $1,576.48 |
| 72 | 9.75% | $1,852.90 |
| 84 | 10.75% | $1,944.15 |
These payments are based on a $225,000 loan on a $300,000 property in Oakland County, MI. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 780 or higher.
*Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as the stated effective date rounded to the nearest 1/8th of one percent.
Your adjustable rate loan of $225,000.00 for 30 years has a starting payment of $1,330.96. Your interest rate remains fixed at 5.88% for 84 months, after that time your interest rate is expected to change by 2% every 12 months. Your highest monthly payment, in this scenario, would be $1,970.53.
| Number of Payments | Interest Rate | Total Payment |
|---|---|---|
| 1 | 5.88% | $1,330.96 |
| 84 | 7.88% | $1,580.47 |
| 96 | 9.88% | $1,840.93 |
| 108 | 10.88% | $1,970.53 |
These payments are based on a $225,000 loan on a $300,000 property in Oakland County, MI. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 780 or higher.
*Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as the stated effective date rounded to the nearest 1/8th of one percent.
