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Feel the wow of a first home, next home, vacation home—and everything in between!
Experience personalized support, competitive rates, and a local team by your side from application to closing. We’ll tailor a mortgage plan to your goals, backed by flexible terms and competitive closing costs.
Refinance your home to potentially lower payments, adjust loan terms, or unlock new opportunities. To get started, choose a fixed rate mortgage or a rebate-eligible mortgage.
Membership eligibility required. Loans subject to approval based on creditworthiness of applicants and collateral conditions. Limited to developed, non-agricultural, non-income producing homes located within Michigan. Other loan limitations may apply.
Purchase of Private Mortgage Insurance (PMI) required for financing above 80%. Some limitations may apply.
While Member Giveback rebates and rewards occur with great regularity, this credit union benefit is not guaranteed. Not all loan and deposit products are eligible for Member Giveback consideration. Some limitations apply.
DOWN PAYMENT AND CLOSING COSTS
We make home goals happen with ease!
Buying a home comes with upfront expenses like your down payment and closing costs—but understanding your options can make the process feel more manageable. Our team works with you to explore solutions that fit your budget, helping you prepare for closing with confidence. With thoughtful guidance and competitive options, you may have more flexibility for the things that come after move-in, like furnishing your space, tackling projects, or building savings.
Real Stories from Homebuyers Like You
The new higher interest Preferred Checking account is great. I also love the rebate-eligible loans at Dow Credit Union; I’ve had a home loan and a car loan. The staff are always friendly, professional, and well informed.
Kathleen C
PREFERRED CHECKING
I joined back in 1974 for fifty cents. Came through when I was short a couple weeks cash advance. One of the first three to get a home loan. Love the year end rewards. People always upbeat, love the new building. Covered every car loan I ever had. Love the credit union, yes, I do, there when I need them, and they always came through.
Steve D
MEMBERSHIP
We asked for a home improvement loan through our long-time credit union and they were so unhelpful. Once we started the process with Dow CU it was so easy and they were beyond wonderful with customer service and support. What a difference and we now know where to go for all our future needs!
For your security, the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act requires credit union mortgage loan originators to register with the Nationwide Mortgage Licensing System & Registry (NMLS). The NMLS numbers for Dow Credit Union & our loan officers are listed below.
Make sure to title the subject of your message with Mortgage Dispute Escalation.
You have the right to submit an application for a mortgage loan or home equity loan with Dow
Credit Union. This pamphlet outlines the criteria used by Dow Credit Union for the approval or
denial of a mortgage loan or home equity loan application.
Credit Granting Criteria
Legal capacity to borrower and mortgage.
Verification of employment and income.
Probability of loan repayment based on the following factors:
Information provided by the credit reporting agencies
Previous borrowing experience
Debt-to-income ratio
Verification of funds to be used for closing costs, required cash at closing and down
payment, if applicable.
Value of the real estate based on comparison sales of similar properties, the physical
condition and other factors as outlined in the valuation report.
Borrower’s ability to secure acceptable homeowner’s insurance and flood insurance, if
applicable.
Marketable title vested in borrower(s) and free of all liens, assessments, and
encumbrances.
If you have questions about the criteria outlined in this pamphlet, which is used by Dow Credit
Union for the approval or denial of a mortgage loan or home equity loan application, please
contact us at 800.835.7794 or [email protected].
Homeownership helps you build equity for life's next big moments!
As you make mortgage payments over time, you build equity that can be used for vacations, home renovations, and future needs or plans. With competitive rates, flexible options, and a local team by your side, we can help you turn your home’s equity into new possibilities.
