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We do everything we can at Honor to help take the stress out of the homebuying process. We offer competitive low rates, a variety of loan options to fit your situation, flexible terms, and we’re always on the lookout for down payment assistance programs to help you reach your goal of buying a house. Work with our team of local mortgage lending experts, or get pre-approved online 24/7.

Affordable Mortgage Options Built For You


From conventional to new construction, view all of our home loan types


View our competitive low rates and varying term options to fit your budget

Down Payment

Learn about grant opportunities & other resources to help you buy a house


Finish an application you started, make an update, or check the current status


& Refinance Later

Outsmart The Rates!

Buy the house you want now and if rates improve within the next two years, you can refinance your loan with no lender fees.*

*Terms, Conditions, and Eligibility Requirements:

1. The Buy Now, Refinance Later (“Program”) allows for a rate and term refinance with no lender fees to qualified applicants.

2. The Program is not a guarantee that the borrower or the property will qualify for a refinance, nor is it a guarantee that a lower interest rate or payment can be provided to the borrower by Honor Credit Union.

3. The borrower must apply and be approved for their purchase home loan with Honor Credit Union between 06/01/2024 and 08/31/2024 and must close on their new purchase home loan by 10/31/2024 to be eligible for the Program.

4. To be eligible, the refinance must be a first lien, rate and term refinance (no cash out) of the same property and paying off the original loan financed by Honor Credit Union. The refinance must close no later than 10/31/2026 to be eligible for the Program.

5. The borrower and property must qualify for the refinance, including meeting all applicable underwriting guidelines and closing conditions as they are in effect at the time of approval.

6. The borrower must have made at least six (6) consecutive monthly on-time payments on the purchase loan before applying for the refinance.

7. Member’s account must be in good standing at time of refinance to qualify for promotional offer.

8. Fees that will be waived or paid by lender on the eligible refinance under the Program include only fees paid to the lender, including origination, processing, underwriting, administration, or funding fees, as applicable. It does not include fees charged to reduce the interest rate, including discount points and buydown fees, and does not include fees paid to third parties other than Honor Credit Union, including but not limited to tax service fees, wire fees, appraisal cost, credit report fees, settlement agent/attorney fees, title insurance fees, escrow, notary or government fees. The program does not cover property insurance costs, flood insurance costs, property taxes or escrow account funding costs.

9. The Program is only valid for loans originated through Honor Credit Union.

10. Offer may not be redeemed for cash or credit and is not transferrable. Offer cannot be retroactively applied to any loans. Offer may not be used with any other discounts or promotions.

Home Loan Types


A standard home mortgage loan for any qualifying borrower.


Buyers who can afford to make a down payment of at least 20 percent are not required to pay Private Mortgage Insurance (PMI). Buyers who put less than 20 percent down must have PMI.

Best For

Buyers who have a solid credit score and little debt. This is also the ideal mortgage for borrowers who can afford to make a larger down payment to avoid paying PMI. 


A flexible loan for members who don’t fit into a traditional box.


Best For

Buyers who need a little extra help meeting requirements due to low credit score or high debt-to-income ratio. Also a good option for borrowers who might not be able to provide certain documentation.


Considered a non-conforming loan, it exceeds the dollar amount loan-servicing limits put in place by Freddie Mac and Fannie Mae.


Best For

Buyers who are considering buying a home that costs more than the conforming limit. Ideally, jumbo loan borrowers have a good credit score and debt-to-income ratio, and can provide supporting documentation.


A mortgage loan insured by the Federal Housing Administration.


Best For

First-time homebuyers who may not have saved enough for a large down payment. Also an option for borrowers who have suffered from previous bankruptcy, foreclosure, or other credit issues.


Serving The American Responders –
A loan built for first responders.


  • Police Officers
  • Firefighters
  • EMTs
  • Nurses
  • All Certified Medical Professionals (X-Ray Techs, Phlebotomists, Respiratory Therapists, etc.)
  • Active Duty Military & Veterans
  • National Guard / Reserves
  • Educators
  • Clergy


A loan specifically for professionals in the medical field.


  • Residents, Interns, Fellows
  • Doctors of Medicine (MD)
  • Doctors of Osteopathic Medicine (DO)
  • Doctors of Dental Medicine (DMD)
  • Doctors of Dental Surgery (DDS)
  • Optometrists (OD)
  • Podiatrists (DPM)
  • Pharmacists (PharmD)
  • Chiropractors (DC)
  • Veterinarians

RD Loan

A government-backed mortgage loan for rural homebuyers.


Best For

Low-to-moderate income borrowers who don’t qualify for a traditional mortgage loan, and are able to meet specific geographic and income qualifications.

Vacant Lot &
Land Loan

A loan used to finance the purchase of a plot of land.


Best For

Buyers wanting to purchase a vacant lot, or piece of undeveloped land to build on. Also an option for commercial business purposes.


A short-term loan used to finance the construction of a home.


Best For

Buyers wanting to build their dream home, or take on a large real estate improvement project.

Need Help?

Buying a house is a big decision, and everyone’s situation is different. When you finance your home at Honor, you won’t have to do any guessing when it comes to choosing a loan. We strongly recommend you reach out to our team of expert mortgage lenders, tell them your story, and let them build the right solution for you!

STAR Mortgage: Offer valid only for borrowers who present proof of American Responder employment as defined above. Offer valid on purchases of primary residences only. Escrow of taxes and insurance(s) required. Loan types not eligible include: jumbo, construction, manufactured, second homes, investment properties and multi-units. Subject to credit approval. Rates, terms and conditions subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Offer cannot be combined with any other discounts or promotions. Equal Housing Opportunity. Insured By NCUA.

Physicians Mortgage: Offer valid only for borrowers who present proof of employment as defined above. Offer valid on purchases or cash out refinances of primary residences only, including new construction. Escrow and taxes of insurance required for loans over 80% LTV. Minimum credit score of 676 required to qualify for 0% down. Loan types not eligible include manufactured homes, second homes, investment properties and multi-units. Cash out refinances eligible for maximum LTV of 80% and cash out amount of $200K. Subject to credit approval. Rates, terms and conditions subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Offer cannot be combined with any other discounts or promotions. Equal Housing Opportunity. Insured By NCUA.

Mortgage Calculators

Our mortgage calculators can help give you a better understanding of what your potential payment might be if you were to purchase a home, or how much you could save if you increased your monthly payment on the home you’re already in, or to determine if refinancing makes sense for you.

Payment Calculator

Use this calculator to determine your estimated monthly payment.

Payoff Calculator

Determine how much interest you can save by increasing your payment.

Refinance Calculator

Use this calculator to determine if refinancing your current mortgage makes sense.

Down Payment Assistance

We want to help ease the burden of coming up with a down payment for a mortgage when you’re buying a house. We have several grant opportunities, along with other resources and tips to help make your first home, or dream home, a reality.

Assistance Options

man and woman sitting on the floor in a living room by a couch

Our Experts Can Help

Our team of mortgage lending experts across the state of Michigan are ready to guide you through the entire home buying experience, from pre-approval to closing. Come tell us your story. We look forward to helping you!

Our local mortgage lending experts know your community because they live and work there

Your mortgage lender will be with you through the entire process, from pre-approval to closing

Our team can give you helpful payment info and other insights about the process

Tell our team your story. We're sure to have a solution to fit your needs, and your budget.

Mortgage Resources

We want to make sure your home buying experience is as easy as possible. We’ve dedicated a section of our blog to mortgage and home buying topics. We hope you find them helpful. If you have questions, reach out to our Mortgage Team or give us a call at 800.442.2800.

Frequently Asked Mortgage Questions

Yes! We have several resources and programs to help ease the burden of coming up with a down payment for a mortgage. Whether it’s your first house, or vacation dream house, we can help! To learn more about our down payment assistance options, visit our Homebuyer Assistance page.

Getting pre-approved is easy! You can simply apply online 24/7. You can also contact a local Honor mortgage lender to set up an appointment. One of the advantages of working with Honor Credit Union for your home loan is the comfort you will feel knowing you can contact your lender directly or stop by his or her office anytime you have questions. Another advantage is that our lenders live in the markets they serve, and all decisions are made locally.

Once your offer to purchase a home has been accepted and signed, you are ready to meet with your lender to turn your pre-approval into a loan application. Please download the document below for a checklist of items that must be provided to your lender in order for them to lock in your interest rate and process your application in a timely manner.

honor credit union mortgage checklist
Click to download

Yes! In fact, applying to get pre-approved for a home mortgage loan is the FIRST thing you should do before you begin your search for the perfect home.


During this process, your lender will provide guidance on the best loan option to fit your situation along with an approved loan amount. Your lender will also give you a pre-approval letter, which signifies that you are a qualified buyer. You can share this letter with your realtor to include with your offer to purchase a home. Not only will your pre-approval letter add more weight to any offers you submit, but it will also guide your home search.

Mortgage interest rates fluctuate based on a variety of factors, including inflation, the pace of economic growth, and Federal Reserve policy.

Over time, inflation has the largest influence on the level of interest rates. A modest rate of inflation will almost always lead to low interest rates, while concerns about rising inflation normally cause interest rates to increase. Our nation’s central bank, the Federal Reserve, implements policies designed to keep inflation and interest rates relatively low and stable.

Private Mortgage Insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender if you stop making payments on your loan.

PMI is usually required when you have a conventional loan and make a down payment of less than 20 percent of the home’s purchase price. If you’re refinancing with a conventional loan and your equity is less than 20 percent of the value of your home, PMI is also usually required.

An escrow account is where funds are held by the lender to make payments for your homeowners’ insurance and property taxes. Lenders will collect those funds monthly along with your loan payment and then pay the tax and insurance bills when they are due. Generally, the funds are included in your total monthly payment. Since the price of property taxes and insurances can fluctuate, so can the amount needed for your escrow account to cover those bills. Sometimes this can change your required monthly payment.

Honor Credit Union is a proud member of:

mortgage bankers association logo
ACUMA logo

*APR = Annual Percentage Rate. Your rate may be different depending on your credit profile and home value. Rates are subject to change without notice. Additional restrictions may apply.

Apply For A Mortgage Loan

To apply for this loan type, please give our team a call at 800.442.2800 ext. 8889 so we can help you through the process.

Scheduled Maintenance

Our mortgage and home equity application platform is currently unavailable due to routine scheduled maintenance. We apologize for any inconvenience.

Zero Down Payment Offer

To make the process as simple as possible with our Zero Down Payment mortgage offer, we encourage you to speak with a mortgage expert so they can explain the requirements and guide you through the process!

Find An Expert Near You

Need Help? Contact us at 800.442.2800 and we will help you get started with the application process.