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Mortgages

Home Loans and Mortgage Solutions Built for You!

Find Your Perfect Mortgage with Team One Credit Union

Rates as low as 5.63% APR* on our Mortgages. 

At Team One Credit Union, we make it easier than ever to turn your dream of homeownership into reality. Whether you're a first-time buyer, upgrading to a new home, refinancing, or building your dream house, we offer a variety of mortgage options designed to fit your needs and budget.

Team One Credit Union offers a full range of home financing solutions, including Fixed-Rate Mortgages with 10-, 15-, 20-, and 30-year terms available throughout Michigan and in Lee and Collier Counties in Florida. We also provide financing for Vacant Land purchases and offer Rural Development Loans for eligible properties. For personalized guidance on mortgage products, contact one of our experienced mortgage specialists today!


For a detailed quote on closing costs, click Apply for a Mortgage. Next, choose Check Rates and answer a few basic questions to receive a detailed estimation of the closing costs for your loan. 
 

Get Pre-Approved for a Smoother Homebuying Journey

Before you begin shopping for your dream home, getting pre-approved is a smart first step. Pre-approval not only shows sellers you’re a serious buyer but also gives you a clear understanding of your budget and loan options. At Team One Credit Union, our local mortgage originators are ready to help. Contact the mortgage specialist in your area to start the simple pre-approval process and gain the confidence you need to move forward. 
 

Specialty Mortgages for the specialists!

Team One offers special programs and pricing for:

Unlock your dream home with Team One Credit Union!
Our First Time Home Buyer program is designed to make homeownership affordable and accessible.

Program Highlights:

  • Up to 97% Financing Available
    Get into your new home with a low down payment. Financing options are designed to make it easier for first-time buyers to qualify.

  • No Private Mortgage Insurance (PMI) Required
    Save hundreds of dollars a month—no costly PMI payments are required, based on qualifications.

  • Lower Closing Costs
    Enjoy significantly lower closing costs compared to traditional mortgage loans, helping you keep more money in your pocket.

  • No Income Limits
    Unlike some first-time buyer programs, there are no income restrictions. Unlock your buying power no matter your financial background.

Get Started Today:
Ready to take the first step toward homeownership? Contact one of our local Mortgage Originators or apply online to see how much home you can afford.

Empowering educators to achieve homeownership!
Our specialty mortgage program is designed exclusively for current educational employees, offering valuable benefits to make buying a home more affordable.

Program Highlights:

  • Up to 97% Financing Available
    Secure your new home with a low down payment — perfect for teachers, administrators, and educational staff.

  • No Private Mortgage Insurance (PMI) Required
    Save more every month with no PMI costs, based on qualifications.

  • Tailored for Education Professionals
    This program recognizes the essential role educators play in our communities and provides a mortgage solution made just for you.

Start Your Journey Today:
Ready to take the next step toward owning your dream home? Contact a Team One Mortgage Originator or apply online today!

Serving those who serve our communities.
At Team One Credit Union, we proudly support First Responders — including firefighters, law enforcement officers, EMS personnel, and service members — with a home loan program designed to save you money.

Program Highlights:

  • Up to 97% Financing Available
    Move into your new home with a low down payment, designed specifically for First Responders.

  • No Private Mortgage Insurance (PMI) Required
    Save more each month — no PMI costs when you qualify.

  • Built for First Responders
    We recognize the dedication and sacrifice you make every day. Our specialized mortgage program is one way we can give back.

Ready to Get Started?
Let us help you open the door to homeownership. Connect with a Team One Mortgage Originator or apply online today!

Tailored mortgage solutions for those who care for others.
At Team One Credit Union, we proudly offer a specialized mortgage program created exclusively for physicians, residents, and healthcare professionals.

Program Highlights:

  • Up to 97% Financing Available
    Secure your new home with minimal down payment requirements.

  • No Private Mortgage Insurance (PMI) Required
    Save significantly over the life of your loan with no PMI costs, based on qualifications.

  • Special Treatment for Student Loans
    We understand the impact of student debt. Our program offers more flexible underwriting to accommodate student loan obligations.

  • Close on Your Home Before Residency
    Planning ahead? You can close on your new home before your residency begins, giving you a strong start to your professional journey.

Take the Next Step:
Whether you’re beginning your career or settling into a new opportunity, let Team One help you make homeownership a reality.

Do I have to pay any fees up front when I apply for a mortgage?
The credit union requires a $400.00 application deposit to be collected before we can begin processing your loan. As long as your mortgage loan closes, the $400.00 deposit is credited back towards your closing costs. However, if for any reason the loan does not close, all or a portion of the deposit may be non-refundable.

What documentation do I generally need to apply for a mortgage?

Generally, you will need:

  • Two current pay stubs
  • W-2 forms for the past two years
  • Signed tax returns for the past two years
  • Bank statements for the past two months (must show your name and the name of the financial institution)
  • Current retirement statements (must show your name and the company name)
  • Other asset statements (i.e. stocks, bonds, mutual funds, etc.)
  • Proof of homeowner’s insurance
  • Valid driver's license
  • If applicable: property tax bills, current Mortgage statement, signed accepted purchase agreement
How long do I have to be employed to qualify for a mortgage?
Generally two years with the same employer or in the same line of work is considered stable work history. Also, schooling in a field related to your current employment is considered to be in the same line of work. Other situations will be reviewed on a case-by-case basis.

Have other questions not listed here?
Give us a call at 888-288-3261 and we'll be glad to help!





Why Choose Team One Credit Union for Your Mortgage?

  • Competitive Rates: Save more with some of the best mortgage rates in the market.

  • Local Expertise: Our mortgage specialists live and work in the communities we serve. We know the local market and are here to guide you.

  • Personalized Service: Every borrower’s needs are unique. We tailor your mortgage experience to fit your goals.

  • Fast, Easy Approvals: Our streamlined application and approval process helps you close faster.

  • Trusted Partner: As a not-for-profit credit union, our priority is YOU — not profits.

Do your banking with us anytime, anywhere with our virtual solutions.