Person holding orange and purple keys
Line art of a house

Home Loans

With as little as 3% down1

Fixed-Rate Mortgages.

10 to 30-year terms
Break down the barriers of homeownership with our mortgage products and services.
  • Low down payment options. 
  • Unconventional property financing. 
  • Closing cost + down payment assistance.
  • Tax + home insurance payment services. 

The home buying process in five steps.
5 simple steps

The home buying process.

Looking for mortgage rates?

As mortgage rates change daily, contact one of our mortgage loan officers to get the best rate information.

Phone with mortgage loan calculator


How much house can you afford?

The first step in buying a house is determining your budget. The mortgage qualifier calculator steps you through the process of finding out how much you can borrow. 

Mortgage Payment Calculator

Calculate your mortgage payment.

Determine your monthly payment and generate an estimated amortization schedule. At Embers, we also offer tax and homeowners insurance services where parts of your payment are allocated towards those expenses - leaving you nothing to worry about!

Person calculating home down payment


3% down payment options.

20% down is not a requirement to buy a home. While ideal, it's just not realistic for everyone as housing prices rise and income becomes stretched. That's why we offer products that require as little as 3% down. If you put less than 20% down, you'll need Private Mortgage Insurance - not to be confused with homeowners insurance. See this defined below!

What is PMI?

Private mortgage insurance
Private Mortgage Insurance (PMI) safeguards the home buyer and the home lender's mutually beneficial relationship. It allows the buyer to purchase a home without having a large sum of cash on hand and protects the lender if the borrower defaults on their payments. Once 22% of the purchase price balance is paid off (78% loan to value ratio), PMI is no longer required, the policy is canceled, and your monthly payment is lowered.

Image of a jar of coins labelled "House" with a miniature house on top

Freddie Mac BorrowSmartSM

Home buying assistance.

You may be eligible to receive up to $2,500 in assistance to purchase a new home. With the Freddie Mac BorrowSmartSM program, we’ll help you with funding to pay your down payment or closing costs.

Meet our Mortgage Team.

A close up photo of Zac Couvillion

Zac Couvillion

Mortgage Loan Officer
Hi, my name is Zac. I aim to get to know my members and what makes them thrive. By doing this, I can get them the correct loan product for their current and future needs. I want to build that relationship with my members, so I am their go-to for all home buying needs now and into the future. When I am not helping my members get into their dream home, you can find me on the golf course or spending time with my wife Andrea and our three children. We love living in the Upper Peninsula, and I hope I can help make that dream a reality for all of my members.

A close up photo of Marlene Curtis

Marlene Curtis

Mortgage Loan Officer
Hi, I am Marlene! I have been working as a Mortgage lender for the past 22 years. While I was not born and raised in the Upper Peninsula, I have been here for over 30 years and understand the needs of our residents to have a home to call their own. I would live nowhere else. While I am not helping people with their finances, I enjoy reading, campfires, the water, and my grandkids. This is a great place to live! So let Embers help
make it a home.


A close up photo of Jaylene Kenneally

Jaylene Kenneally

Mortgage Loan Officer
Hi, I'm Jaylene. If you want to purchase your first home, dream home, or anything in between, I would be thrilled to help with your financing. I will present all financing options free of pressure and welcome any questions you may have. Since this is one of the most significant purchases you may ever make in your lifetime, I want you to understand the home buying process. You will find me outdoors in my spare time, spending time with my family when I am not picking up after them.

A close up photo of Melinda Gooding

Melinda Gooding

Mortgage lending manager
Hi, I'm Melinda. Working at Embers Credit Union for 32 years, helping people meet their financial goals, has been a rewarding experience. I am a native of Marquette, Michigan, and I would like to help you reach your Mortgage needs. I enjoy spending free time with family and friends doing outdoor activities, and taking advantage of our UP weather. Join me at Embers to help you enter your dream home's doors.

A close up photo of Alex Eisner

Alex Eisner
mortgage lending assistant
Hi, I'm Alex! I enjoy getting to know members to help with their mortgage needs. I listen and get to know them to be able to fit them with the right loan that is best for their life. I love to guide them through the process and ensure they are well taken care of from start to finish. You can find me boating, camping, or enjoying life with my kids and dogs in my spare time!


We have answers.
No, most realtors prefer that home buyers are pre-approved by a financial institution prior to looking at houses to be sure they are searching in their accurate price range. By being pre-approved you shorten the length of time needed to process your mortgage loan allowing you to move into your new home sooner. In addition, sellers prefer to know that potential buyers are pre-approved when presented with an offer to purchase.
In certain circumstances an escrow account may be required. Escrow accounts are highly recommended to our members in order to ensure timely payments of taxes and hazard insurance. With an escrow account, we handle the payment of taxes and insurance for you, allowing you to have one less thing to worry about paying on time. Should you have a question about an escrow account, you may contact your loan officer or stop by any of our offices.
No, we do not have a pre-payment penalty or early termination fee associated with any of our mortgage products.
  • One month's worth of pay stubs.
  • W-2s from the last two years.
  • Tax returns from the last two years (if self-employed).
  • Your two latest bank statements.
When purchasing a home, the mortgage process generally takes 30 days. Refinances are generally processed in 45 days
Yes, you can pay extra in addition to your regular payment at any time which results in a shortened loan term. This extra amount will be applied as a principal only payment, reducing your current balance, but will not affect your next payment due date.

Ready to apply for a mortgage?

Explore more loan options.

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Home Equity Line of Credit

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Home Equity Loan

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Auto Loans