The University of Michigan Credit Union is a mortgage from University of Michigan Credit Union. The ongoing APR is 10 year 6.750% Fixed Rate; 15 year 6.875%; 20 year 7.000%; 30 year 7.125% (effective September 21, 2026). Typical credit limit: Mortgage loans that exceed $832,750. Loan terms: 10, 15, 20 and 30 year fixed rates.