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Home Mortgage Loans

We love helping people achieve the dream of home ownership. And we plan to keep that up.

Key Features 

  • Competitive Rates
  • First-Time Homebuyer Program
  • Local Processing
  • Quick Decisions

Benefits

  • Competitive rates for home purchase, refinance, or construction
  • Available for primary residence, second homes, vacation homes, or investment properties
  • A wide range of terms customized to your unique situation
  • Variety of financing programs available
  • Helpful loan advisors with working knowledge of the local Ohio real estate market
  • Available to consumers all over the continental United States
  • Free pre-approval for extra confidence when buying your home
  • Refinance your current home to potentially lower your rate
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

First Time Home Buyer?

See our helpful First Time Home Buyer tips page.

QUESTIONS? REACH OUT TO ANN TONG!

Our Mortgage Loan Originator, Ann Tong (NMLS ID 506936), is here to answer questions and will be right by your side through the entire process — helping to move the loan quickly yet clearly for you. Contact Ann Tong at (419) 422-5626 ext. 120 or atong@millstreamcu.com to begin your dream today!

First Time Home Buyer Loans

  • 3% down payment
  • Entire down payment can be gifted by a relative
  • No PMI options available
  • Access to educational guidance tools and resources
  • First Time Home Buyer Specialist available to assist you

Credit qualifications, terms, and conditions apply. Millstream Area Credit Union is registered with the Nationwide Mortgage Licensing System (NMLS ID is 393171).

USDA/Rural Development Loans

  • No down payment required
  • Minimum credit score of 640 required
  • Non-traditional credit is accepted
  • Low interest rates

Credit qualifications, terms, and conditions apply. Millstream Area Credit Union is registered with the Nationwide Mortgage Licensing System (NMLS ID is 393171).

FHA Loans

  • 3.5% down payment
  • Entire down payment can be gifted by a relative
  • Minimum credit score of 640 required (with 12 month rental history with canceled checks)
  • Allows for higher debt-to-income ratios

Credit qualifications, terms, and conditions apply. Millstream Area Credit Union is registered with the Nationwide Mortgage Licensing System (NMLS ID is 393171).

VA Loans

  • $0 money down
  • Great rates for current or retired veterans

Credit qualifications, terms, and conditions apply. Millstream Area Credit Union is registered with the Nationwide Mortgage Licensing System (NMLS ID is 393171).

Conventional Loans

  • 3% down payment
  • 10, 15, 20 and 30-year terms available
  • Cash out refinance available

Credit qualifications, terms, and conditions apply. Millstream Area Credit Union is registered with the Nationwide Mortgage Licensing System (NMLS ID is 393171).

Welcome Home Program

The Welcome Home Program (WHP) offers grants to fund reasonable down payment and closing costs incurred in conjunction with the acquisition of owner-occupied housing by low- and moderate-income homebuyers. The grants are limited to a maximum of $25,000 for homebuyers who are honorably discharged veterans, active-duty military personnel, reservists, or surviving spouses of service personnel, and a maximum of $20,000 for all other homebuyers.

The program opens on March 1, 2024 and remains open until grant funds are no longer available. Grant funds are reserved on a first-come, first-served basis. Must have fully executed purchase contract to apply.  Can take 6 – 8 weeks to close using grant money.

Program Guidelines:

  • The total income for all occupants must be at or below 80 percent of the Mortgage Revenue Bond limit for the county and state where the property is located;
  • Homebuyers must contribute at least $500 of their own funds towards down payment and/or closing costs;
  • All first-time homebuyers are required to complete a homeownership counseling program;
  • Grant funds are intended only for homebuyers who qualify for the first mortgage based on their own merit. Co-signors and non-occupant co-borrowers are not permitted;
  • The interest rate for the first mortgage may not exceed 11.75 percent; and,
  • All eligible property assisted with WHP funds is subject to a five-year retention mechanism, which may require the household to repay all or a portion of the subsidy if the home is sold or refinanced within five years from the closing of the transaction
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What our
Members say

We've been using Millstream Area Credit Union for years and have always had great experience with them, Devin just helped us get some things figured out for my Mom's account she made it super easy!

Nick W.

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