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Saginaw Medical Federal Credit Union Go to main content

Mortgage Loans

Let us help you finance the home you want or refinance your current home!

  • 10, 15, 20 & 30 Year Fixed Rate Mortgage Loans
  • 97% LTV Mortgage Loans
  • USDA Rural Development (RD) Loans (100% Financing)
  • First Time Home Buyer Mortgage Loans
  • New Purchase Mortgage Loans
  • Mortgage Refinancing and HARP Loans
  • Medical & Dental Professionals Mortgage Program
  • Local, Friendly Service

APPLY FOR A MORTGAGE   Current Mortgage Rates

Questions? Contact Amy or visit our State St location.  

ADT discounts from Love My Credit Union rewards

Construction Loan

Saginaw Medical FCU can help you finance the construction of your new home.

Two Time Closing:

1. Construction Mortgage

  • 90% project cost financing
  • Term: up to 12 months
  • Rate: Prime + 1.25% (locked in at time of application)
  • Interest only payments made to SMFCU

2. End Mortgage

  • Permanent Fixed Rate Mortgage


Questions? Contact Amy or visit our State St location.

Home Loans for Medical and Dental Professionals

Saginaw Medical Federal Credit Union offers a uniquely designed mortgage program for our medical and dental professionals. This mortgage program is also available to residents and fellows during their term of residency or fellowship and takes into consideration the burden of student loan debt.

Who is eligible?

  • Medical Doctors or Surgeons (MD, DO, DPM)
  • Optometrists (OD)
  • Chiropractors (DC)
  • Dentists (DMD)
  • Dental Surgeons (DMD, DDS)
  • Pharmacists Residents & Fellows¹

Features and Benefits

  • Purchase of primary residence
  • 5% Minimum Down Payment
    • Down payment and closing costs may be 100% gifted funds
  • No PMI
  • Consideration for Student Loan Debt²
  • SMFCU Membership and Reserve on deposit (at time of closing)
  • Up to $500 OFF Closing Costs³


Questions? Contact Amy or visit our State St location.

¹SMFCU's Medical and Dental Program is available to Residents and Fellows during the term of residency or fellowship (which includes candidates accepted for Residency), or up to 60 months after residency or fellowship. ²The program takes into account the potential increasing income as residents and fellowships advance in their chosen specialty and understand the considerations of their student loan debt burden and the eligibility to defer repayment. ³If your mortgage loan is over $200,000 you will receive a $500 credit. If your mortgage loan is under $200,000 you will receive $250 credit.

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