Local Service Today, Tomorrow, and Every Payment After.
Unlike most mortgage lenders, FreeStar Financial Credit Union will always be the servicer of your loan. What does this mean? Even if your mortgage is sold to another company, we remain your point of contact for payments, questions, and ongoing support. This offers peace of mind knowing a local expert is always on your side.
What Type Of Mortgage Fits Your Needs?
Fixed Rate Mortgage
A home loan where the interest rate stays the same for the entire life of the loan. Your monthly principal and interest payment never changes, protecting you from interest rate increases and making it easier to budget with predictable payments.
- Terms vary with 10, 15, 20 and 30 year fixed terms.
- The property is used to secure the loan and a lien is placed on the property.
| Fixed Rate Mortgages | ||
| Effective Date: Friday, January 30th, 2026 | ||
| Type | Points | Rate As Low As |
| 10 Year Fixed | 0 | 5.000% |
| 15 Year Fixed | 0 | 5.125% |
| 20 Year Fixed | 0 | 5.375% |
| 30 Year Fixed | 0 | 5.500% |
| *APR = Annual Percentage Rate. Rate is “as low as” and may change based on credit history, collateral, term, and other determining factors. Rates subject to change at any time without notice. A loan of $200,000 at 5.50% APR for 30 years would have a monthly payment of $1,135.58. Equal opportunity lender. NMLS ID 411386* | ||
Adjustable Rate Mortgage
If you're considering a home purchase, but not sure how long you will be in your home, then an adjustable rate mortgage may be a great option.
- Your mortgage payments are calculated on a 30 year amortization period.
- Our adjustable rate loans allow up to 90% loan-to-value
- No Private Mortgage Insurance (PMI) is required
- Low, adjustable rates are based upon the term of mortgage selected and the credit history of the borrower.
- 3 year ARM adjusts every 3 years
- 5 year ARM adjusts every 5 years
- 7 year ARM adjusts every 7 years
| Adjustable Rate Mortgages | |
| Effective Date: Friday, January 30th, 2026 | |
| Type | APR* As Low As |
| 3 Year | 5.000% |
| 5 Year | 5.250% |
| 7 Year | 5.500% |
| *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 3-year ARM with an APR (annual percentage rate) as low as 5.250% for $100,000.00 (20% down/80% LTV) would have a monthly payment of $552.20. | |
First Time Homebuyer
- If you have not owned a home within the last three years, you qualify as a first-time home buyer and can get into your new home for as little as a 3% down payment. Choose from fixed rate or adjustable rate mortgage.
Begin Your Homeownership Journey Today
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 know you're a qualified buyer. Contact our Real Estate Lending department to get started at 586-466-7800 option 2.
Complimentary Mortgage Analysis
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 today to get started on saving each month.
*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
