Buy Now &
Refinance Later
Buy the house you want now and if rates improve within the next two years, you can refinance your loan with no lender fees.* So, don’t wait on rates, outsmart them!
Outsmart The Rates!
We know it’s not an easy time to buy a house with housing inventory low and interest rates high. We’ve put together a special offer to help you outsmart the rates by buying now and receiving a credit on lender fees to refinance later.
How This Offer Works
Buy Now
- Apply for a mortgage with Honor by August 31, 2024
- You will receive a special eligibility certificate at closing
- To view frequently asked questions about this offer click here
Refinance Later
- If rates go down within two years and you have made at least six on-time payments, simply refinance at the lower rate
- Present the eligibility certificate during the refinance process
- Your lender fee will be waived!*
Frequently Asked Questions About This Offer
This promotion is open to everyone who applies for a purchase mortgage through Honor by August 31, 2024, and is approved.
Once you make six consecutive on-time payments you are eligible to refinance and redeem your eligibility certificate to take advantage of this special offer!
The certificate will be presented to you during closing of your mortgage loan.
Why Choose Honor For a Mortgage
You have a lot of options when it comes to choosing a financial partner to get a mortgage. When you choose Honor, you’ll be working with a credit union that has over 90 years of proven experience and success in helping buyers just like you! With locations across Michigan and local mortgage lending experts that live in those communities, you can rest assured that we know how to help. But, don’t just take our word for it. Here are some statistics and testimonials from members.
By The Numbers
Members in new or refinances homes in 2023
Homeownership grant funds awarded in 2023
What Members Are Saying
Popular Mortgage Loan Options
We have the right home loan solution to fit your lifestyle and your budget. Below are a few of our more popular mortgage options. You can also reach out to one of our local mortgage lending experts to discuss all of our options and find the best one for you.
Conventional
Loan
A standard home mortgage loan for any qualifying borrower.
Details
- Choose a term that's best for you (up to 30 years)
- Down payments as low as 3%^
- No prepayment penalties
Buyers who can afford to make a down payment of at least 20 percent are not required to pay Private Mortgage Insurance (PMI). Buyers who put less than 20 percent down must have PMI.
Best For
Buyers who have a solid credit score and little debt. This is also the ideal mortgage for borrowers who can afford to make a larger down payment to avoid paying PMI.
Construction
Loan
A short-term loan used to finance the construction of a home.
Details
- Down payments as low as 5%
- Construction terms up to 12 months
- One approval process & one set of closing costs
- Interest-only payments during construction
Best For
Buyers wanting to build their dream home, or take on a large real estate improvement project.
FHA
Loan
A mortgage loan insured by the Federal Housing Administration.
Details
- Flexible application guidelines
- Process is more forgiving of past credit mistakes
- Down payment will likely be less than a conventional loan
Best For
First-time homebuyers who may not have saved enough for a large down payment. Also an option for borrowers who have suffered from previous bankruptcy, foreclosure, or other credit issues.
How Our Mortgage Process Works
We know buying a house is a big deal, whether it’s your first house or a vacation house. We want you to feel comfortable going through the process with us, so we’ve put together a brief summary of what you can expect.
Application Submitted
The first step is to submit a completed application, and provide any necessary documents for our team to begin reviewing.
Title & Appraisal Ordered
This feels like a "hurry up and wait" part of the process. It's often the longest step because we want to make sure everything is right.
Underwriting
Approval
Once all necessary documents and details are in place, we submit the complete package to our underwriters for approval.
Closing Documents Signed
This is the last, and most exciting part of the process because after signing your closing documents you get the keys to your new home!
Work With a Local Mortgage Expert
Our team of mortgage lending experts across the state of Michigan are ready to guide you through the entire home buying experience, from pre-approval to closing. Come tell us your story. We look forward to helping you!
Our local mortgage lending experts know your community because they live and work there
Your mortgage lender will be with you through the entire process, from pre-approval to closing
Our team can give you helpful payment info and other insights about the process
Tell our team your story. We're sure to have a solution to fit your needs, and your budget.
Find An Expert Near You
Kristen Vella
Lending Area: Greater Battle Creek area
Phone: 800.442.2800 ext. 9886
Email: kvella@honorcu.com
NMLS ID: 1275869
Kellie Eldridge
Lending Area: Greater Stevensville and Baroda areas
Phone: 800.442.2800 ext. 9327
Email: keldridge@honorcu.com
NMLS ID: 510619
Matt Nordberg
Lending Area: Greater St. Joseph community
Phone: 800.442.2800 ext. 2721
Email: mnordberg@honorcu.com
NMLS ID: 389569
Nichole Pompey
Lending Area: Greater Dowagiac and Niles areas
Phone: 800.442.2800 ext. 9554
Email: npompey@honorcu.com
NMLS ID: 897480
Ted Strawbridge
Lending Area: Greater Coloma, South Haven, and Hartford communities
Phone: 800.442.2800 ext. 9906
Email: tstrawbridge@honorcu.com
NMLS ID: 1872388
Greg Toliver
Lending Area: Greater Berrien Springs and Benton Harbor areas
Phone: 800.442.2800 ext. 9335
Email: gtoliver@honorcu.com
NMLS ID: 1471869
Kristen Vella
Lending Area: Coldwater and Greater Branch County area
Phone: 800.442.2800 ext. 9886
Email: kvella@honorcu.com
NMLS ID: 1275869
Stefani Prestly
Lending Area: Allendale area
Phone: 800.442.2800 ext. 9506
Email: sprestly@honorcu.com
NMLS ID: 2119605
Monica Shannon
Lending Area: Jenison area
Phone: 800.442.2800 ext. 9905
Email: mshannon@honorcu.com
NMLS ID: 640805
Ryne Siebenmark
Lending Area: Wyoming area
Phone: 800.442.2800 ext. 9206
Email: rsiebenmark@honorcu.com
NMLS ID: 2119607
Mary Remynse
Lending Area: Portage, Vicksburg, Schoolcraft, Mattawan, Paw Paw, Decatur
Phone: 800.442.2800 ext. 9043
Email: mremynse@honorcu.com
NMLS ID: 2069776
Nita Rich
Lending Area: Kalamazoo, Plainwell, Otsego, Allegan
Phone: 800.442.2800 ext. 9519
Email: nrich@honorcu.com
Facebook: Connect with Nita
NMLS ID: 1225861
Adam Carpenter
Lending Area: Marquette, Negaunee, Gwinn & all U.P. communities
Phone: 800.442.2800 ext. 5044
Email: acarpenter@honorcu.com
NMLS ID: 514411
We have a team of mortgage lenders who assist homeowners who are most comfortable working via phone and e-mail. They can help buyers across the entire state of Michigan.
Stefani Prestly
Lending Area: Stefani assists buyers across the state who prefer to communicate by phone or email.
Phone: 800.442.2800 ext. 9506
Email: sprestly@honorcu.com
NMLS ID: 2119605
Monica Shannon
Lending Area: Monica assists buyers across the state who prefer to communicate by phone or email.
Phone: 800.442.2800 ext. 9905
Email: mshannon@honorcu.com
NMLS ID: 640805
Ryne Siebenmark
Lending Area: Ryne assists buyers across the state who prefer to communicate by phone or email.
Phone: 800.442.2800 ext. 9206
Email: rsiebenmark@honorcu.com
NMLS ID: 2119607
*Terms, Conditions, and Eligibility Requirements:
1. The Buy Now, Refinance Later (“Program”) allows for a rate and term refinance with no lender fees to qualified applicants.
2. The Program is not a guarantee that the borrower or the property will qualify for a refinance, nor is it a guarantee that a lower interest rate or payment can be provided to the borrower by Honor Credit Union.
3. The borrower must apply and be approved for their purchase home loan with Honor Credit Union between 06/01/2024 and 08/31/2024 and must close on their new purchase home loan by 10/31/2024 to be eligible for the Program.
4. To be eligible, the refinance must be a first lien, rate and term refinance (no cash out) of the same property and paying off the original loan financed by Honor Credit Union. The refinance must close no later than 10/31/2026 to be eligible for the Program.
5. The borrower and property must qualify for the refinance, including meeting all applicable underwriting guidelines and closing conditions as they are in effect at the time of approval.
6. The borrower must have made at least six (6) consecutive monthly on-time payments on the purchase loan before applying for the refinance.
7. Member’s account must be in good standing at time of refinance to qualify for promotional offer.
8. Fees that will be waived or paid by lender on the eligible refinance under the Program include only fees paid to the lender, including origination, processing, underwriting, administration, or funding fees, as applicable. It does not include fees charged to reduce the interest rate, including discount points and buydown fees, and does not include fees paid to third parties other than Honor Credit Union, including but not limited to tax service fees, wire fees, appraisal cost, credit report fees, settlement agent/attorney fees, title insurance fees, escrow, notary or government fees. The program does not cover property insurance costs, flood insurance costs, property taxes or escrow account funding costs.
9. The Program is only valid for loans originated through Honor Credit Union.
10. Offer may not be redeemed for cash or credit and is not transferrable. Offer cannot be retroactively applied to any loans. Offer may not be used with any other discounts or promotions.
