If you are using a screen reader or other auxiliary aid and are having problems using this website, please call us at 586-466-7800 opt. 7 for assistance. All products, services and information available on this website are also available at any of our physical branches, where we would be happy to assist you further.
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We service your mortgage for the life of your loan!

Unlike most banks and credit unions, FreeStar Financial Credit Union will always be the servicer of your loan.  What does this mean?  It means that even if your mortgage is sold to another company, we will continue to be your point of contact for your payments and all of your mortgage questions and needs.  Want to learn more?  Call one of our mortgage specialists today!  586-466-7800 opt. 2.

Service That Outshines the Rest.

When looking for a new house, the last thing you need to worry about is whether you’re getting a good value on your mortgage. At FreeStar Financial, our star team of mortgage experts remove that worry by guiding you through each step of the process. In addition, because our local mortgage team makes all loan decisions, our closing process is quick.

Take Your Dreams Higher with home loan rates and service that really shines.

 

The first step in your home buying process is getting prequalified

Being ready to make an offer when you find that dream home is critical. A prequalification letter will let the real estate agent or seller knows you're a qualifed buyer.

Contact our Real Estate Lending department to get started at 586-466-7800 opt. 2, or visit your favorite branch to sit down with a Real Estate Lending specialist.

Get started today:

  • Completed mortgage application                                    Apply now for a mortgage
  • Two most recent pay stubs for each borrower
  • Last two year’s W2s or tax returns if self-employed
  • Two most recent bank statements verifying assets (when required)
  • Homeowner’s Insurance Policy
  • Fully executed purchase agreement with all addendums (purchases only)
  • Statements for all mortgages to be paid off (refinance only)
  • Statements for all items (credit cards, etc.) to be paid off when refinancing

You can save $300 on closing costs when you refinance with FreeStar Financial if you 1) sign up for direct deposit with your checking account  OR 2) you have additional loan balance(s) of $5,000 or higher with us.

As a member-owned cooperative, FreeStar Financial is able to offer excellent rates. A complimentary analysis takes just minutes and could help you learn how you can substantially reduce your monthly loan payments by refinancing your current mortgage with FreeStar Financial. Call 586-466-7800 opt. 2 to get started on saving each month.

A home loan will most likely be one of the largest investments you’ll make in your lifetime. Trust FreeStar Financial to guide you through the whole process – from pre-qualifying to servicing your loan after closing.

Fixed Rate Mortgages
Effective Date: May 18, 2018
TypeRate As Low As
10 Year Fixed 4.000%
15 Year Fixed 4.250%
20 Year Fixed 4.375%
30 Year Fixed 4.750%
*A loan of $100,000 at 3.750% for 180 months would have a monthly payment of $727.22. Promotional rate is subject to change at any time without notice. Equal opportunity lender. NMLS #411386

FreeStar Financial offers options when financing or refinancing your home. Select from 3-, 5-, and 7-year Adjustable Rate Mortgages (ARMs) that adjust every 3, 5 or 7 years. This option is attrative to people who may not plan to stay in their home for long.

Adjustable Rate Mortgages
Effective Date: May 18, 2018
Minimum BalanceAPR*
3 Year 3.875%
5 Year 4.375%
7 Year 4.500%
*APR = Annual Percentage Rate. Rate is “as low as” and may change based on credit history, collateral, term, and other determining factors. NMLS#411386

Veterans, your new home is possible with a VA Home Loan. Take advantage of:

  • No down payment needed
  • Lower payments
  • No Private Mortgage Insurance (PMI) required
  • Finance up to 100% of your primary home’s value
  • Plus, no closing costs for active duty members with direct deposit. That’s a $300 savings!

With each VA mortgage, FreeStar Financial will donate $200 to a military charity of your choice.

VA Mortgage
Effective Date: May 01, 2018
TypeAPR* As Low As
10 Year Fixed 4.000%
15 Year Fixed 4.125%
20 Year Fixed 4.250%
30 Year Fixed 4.500%
*APR = Annual Percentage Rate. Rate is “as low as” and may change based on credit history, collateral, term, and other determining factors.. NMLS#411386
*A loan of $100,000 at 4.25% for 30 years would have a monthly payment of $492.00. Promotional rate is subject to change at any time without notice. Equal opportunity lender. NMLS #411386

Take Your Dreams Higher using the equity in your home to get a great loan rate with extended payment terms. Benefits include:

  • Interest rate adjusts every 60 months
  • Low closing costs
  • Automatic payment deductions

Use this loan option to finance:

  • Major home renovations
  • Outdoor landscaping/decks
  • Pools/spas
  • Vacations
  • Education expenses
  • Debt consolidation

Here's an interesting article explaining how a HELOC works.

Home Equity Line of Credit
Effective Date: May 01, 2018
APR*Type
As low as 4.750% APR Adjustable every 5 years
*A fully protected loan of $50,000 at 4.750% APR for 180 months would have a monthly payment of $389.06. Promotional rate is subject to change at any time without notice. Equal opportunity lender. NMLS #411386

 


*APR = Annual Percentage Rate. Rate is “as low as” and may change based on credit history, collateral, term, and other determining factors.  NMLS#411386, www.nmlsconsumeraccess.org

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