Mortgages

Quick, easy, and affordable mortgages
mortgage

Buying a new home or thinking about refinancing?

Whether you’re buying a starter, vacation, or forever home – or even thinking about refinancing – Dow Credit Union can make getting a mortgage quick, easy and affordable. We even offer a mortgage loan which is eligible for our potential year-end Loan Interest Rebate, which is a part of our unique Member Giveback.1

Our mortgages offer:

  • Great rates on fixed rate mortgages2,3
  • Flexible terms
  • Competitive closing costs
  • Up to $1 million in financing
  • Friendly, local Dow Credit Union service for the life of the loan


  1. 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.
  2. 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.
  3. Purchase of Private Mortgage Insurance (PMI) required for financing above 80%. Some limitations may apply.

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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.

Dow Credit Union NMLS ID: 631514

Mortgage Loan Origination Staff

Angie HillierNMLS ID: 732413
Conner HartNMLS ID: 2336771
Debra SovaNMLS ID: 652927
Katie SchweppeNMLS ID: 212274
Kip MeservaNMLS ID: 732416
Kristina BrozzoNMLS ID: 732412
Laura SharpNMLS ID: 1856331
Lisa HartleyNMLS ID: 732418
Nicole KruegerNMLS ID: 2151468
Nikole ReeceNMLS ID: 1174990
Sean HaneyNMLS ID: 1449685
Sheryl ThirkillNMLS ID: 533737
Tonya BreedenNMLS ID: 2006994
Tracy HoagNMLS ID: 1641498

For more information, please see:  www.nmlsconsumeraccess.org.

Please contact us either by phone or email and we will get back to you within three business days.

Phone

800.835.7794

Ask for the Loan Servicing Manager or Member Solutions Manager.

Email

Use our email contact form.

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].

Rev. 9/15/2022 | View PDF File

 

Credit Granting Criteria