Lake Michigan Credit Union

Key Benefits

• No mortgage insurance even with low or zero down.

• 0% down financing available up to $1.25M for qualified applicants.

• High loan limits (up to $2.5M) depending on down payment and qualifications.

• Deferred student loans excluded from qualifying calculations.

• No minimum cash reserves required post-closing.

• Mortgages are serviced in-house for the life of the loan, preserving continuity and support.

  
  

Financing Options

• 0% down up to $1,250,000*

• 5% down up to $1,500,000

• 10% down up to $1,750,000

• Loan amounts up to $2,500,000 (higher tiers require larger down payment ratios)

*For well-qualified borrowers.

Student Loan Treatment

• Deferred student loan debt is not included in qualifying calculations.

Mortgage Insurance

• No mortgage insurance required at any down payment level.

Cash Reserves

• No minimum required cash on hand after closing.

Employment / Degree Requirements

• Designed for medical professionals as defined by LMCU. The partner page lists MD, DO, DDS, DMD, CRNA, and DPM as eligible degrees.

•