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Loans

Real Estate

With Extra Credit Union, you have multiple choices—finance a home, finance a home improvement or tap into your home’s equity. Our loan programs and services are through local financial institutions, so you won’t have any unnecessary delays.

Call our Real Estate Services representative at (586) 276-3000 for information or to schedule an appointment.

GO FOR IT, homebuyers! Now is a marvelous time to buy!
Home costs and interest rates are at an all-time low, making homeownership more affordable than ever. With rent ever-increasing and mortgage prices on the decline, the cost difference between owning and renting has narrowed significantly. If you have good credit and the ability to commit to a mortgage, you may find the benefits of homeownership worthwhile.

Add first-time homebuyer tax credits of up to $8,000 and seasoned homebuyer tax credits of up to $6,500 and we’re talking prices so low they may change your view on the magnitude of purchasing a home.

Our trusted partner, Member First Mortgage, is currently offering historically low interest rates to take advantage of. We can walk you through the process to find the best mortgage and payment plan for your needs, so don’t hesitate to give us a call and set up an appointment to explore your options. Don’t pass up this chance and regret it when the market rebounds! If your home is within reach, grab it! We’re here to help.

First Mortgages

We can give you access to a full range of loan programs — including FHA, MSHDA, adjustable rate, and more. We even have reverse mortgages for those who qualify. 

Click Here to:

  • Review our loan programs
  • See our current interest rates
  • Compare options using our on-line tools
Then, choose how you want to apply:
  • Apply online with no obligation

  • Apply in person. Schedule an appointment at our main office in Warren at 6611 Chicago Road (between Van Dyke and Mound Road) by calling us at (586) 276-3000.

Home Equity Line of Credit

Have access to the funds you need when you need them. Use the financial power of your home’s equity to make home improvements, consolidate bills and more.

Choose from two types of plans — adjustable or fixed rate.

  • Adjustable Rate Home Equity Line of Credit
  • Competitive base rates
  • Quick access with a Home Equity Platinum VISA® or convenience checks
  • No costly start-up fee (some restrictions may apply)
  • Potential tax benefits (consult your tax advisor )
  • Worldwide acceptance at participating VISA merchants
  • Fixed-Rate Home Equity Line of Credit

  • Low, fixed-rate
  • Flexible, revolving line of credit with a five-year draw period
  • Quick access with a Home Equity Platinum VISA® or convenience checks
  • Potential tax benefits (consult your tax advisor)
  • Worldwide acceptance at participating VISA merchants

Check our current home equity rates to find out how affordable this line of credit can be.


Construction Loans

When you’re building a new home, you have expenses to cover during each phase of construction—contractors, materials, inspections and more. Our loans can make that process easier, eliminating hassles from groundbreaking to housewarming.


*A $200 processing fee will be assessed if an advance of $5,000 or more is not made within 30 days or if pre-payment is made in full within 24 months.