Fannie Mae Fixed Rate Mortgage Loans
Purchasing a home is a significant financial milestone. To support you in this journey, we offer Fannie Mae Fixed Rate Mortgage Loans, designed to provide the stability and peace of mind you need for a successful homeownership experience. A Fannie Mae Fixed-Rate Mortgage is a type of home loan in which the interest rate remains constant throughout the loan’s term. This consistency ensures that your monthly principal and interest payments stay the same, making budget planning and management easier.
At PDCU, we are committed to helping our members achieve their financial aspirations. Our knowledgeable mortgage team is here to assist you through every step of the home-buying process, ensuring you find the right loan to meet your needs. As a member-owned credit union, we put your best interests first, offering personalized service and expert guidance.
Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.
Meet Our Mortgage Loan Officer
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.
Michelle Dzon
Member First Mortgage, LLC (MFM)michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727
Why Choose a Fannie Mae Fixed Rate Mortgage?
Stable Payments: With a fixed rate mortgage, your interest rate and monthly payments remain unchanged, regardless of market fluctuations. This stability helps you budget and plan for the future with ease.
Flexible Loan Terms: Choose from a range of loan terms, including 15, 20, and 30 years, to suit your financial goals and timeline.
Competitive Rates: Benefit from our competitive interest rates, ensuring you save money over the life of your loan.
No Surprises: Enjoy the certainty that comes with predictable payments, eliminating the worry of increasing interest rates.
Benefits of Fannie Mae Fixed Rate Mortgages
Simple Budgeting: Fixed payments mean no surprises, allowing you to plan your finances with confidence.
Long-term Savings: Locking in a low rate now can result in substantial savings over the loan’s duration.
Homeownership Stability: A fixed rate mortgage offers stability, making it ideal for families and individuals seeking long-term housing solutions.
Easier Qualification: Fannie Mae loans have flexible credit requirements, making homeownership accessible to more people.
Frequently Asked Questions
Meet Our PDCU Mortgage Specialist
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.
Michelle Dzon
Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292
Michelle Dzon
Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292
What Is the Fannie Mae Home Loan Program?
The Fannie Mae home loan program helps make homeownership more accessible and affordable for borrowers in the United States. Fannie Mae, a government-sponsored enterprise, purchases and guarantees mortgages from lenders, allowing them to offer more competitive loan options. Fannie Mae loans are typically conventional loans that must meet certain criteria, including loan limits set by the Federal Housing Finance Agency (FHFA). These loans can be used to purchase or refinance primary residences, second homes, and certain investment properties, making them a versatile choice for many buyers.Can I Qualify for a Fannie Mae Loan With a Low Credit Score?
For specialized programs like the HomeReady® mortgage, the minimum score remains 620, but stronger credit may reduce your interest rate and private mortgage insurance (PMI) costs. Lenders also consider other factors, such as your debt-to-income (DTI) ratio, employment history, and down payment size. If your credit score is below the required threshold, improving it by paying down debt, making timely payments, and limiting new credit inquiries can increase your chances of qualifying for a Fannie Mae-backed mortgage. At PDCU, our knowledgeable mortgage team is here to assist you through every step of the home-buying process, ensuring you find the right loan to meet your needs. As a member-owned credit union, we put your best interests first, offering personalized service and expert guidance.- Predictable Monthly Payments: Your interest rate and monthly payments remain the same throughout the life of the loan.
- Stability: Fixed rates provide financial stability and simplify long-term budgeting.
- Flexibility: Available for various property types and occupancy situations.
Michelle Dzon
Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292
For most borrowers, there’s very little difference between a Freddie Mac Fixed Rate Mortgage and a Fannie Mae Fixed Rate Mortgage. Both are government-sponsored enterprises (GSEs) that purchase loans from lenders like PDCU, and both offer conforming fixed-rate loans with similar terms, credit requirements, and down payment options.
The biggest difference is behind the scenes: Freddie Mac loans are typically underwritten using Loan Product Advisor®, while Fannie Mae loans use Desktop Underwriter®. Some of the qualification guidelines—such as how income or co-borrowers are evaluated—may vary slightly between the two systems. In many cases, lenders will run your application through both and choose the one that offers the best approval path.
Both options can help you secure a stable, fixed-rate mortgage with predictable monthly payments—and your lender will help match you with the right one based on your financial profile.
- Copy of your driver’s license
- Last 2 years W2’s
- Most recent 30 days span of paystubs
- Last 2 years Federal Tax Returns
- Most recent two months bank statements, all pages
- Contact information for homeowner’s insurance agent
Disclosures
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Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Program availability is subject to change without notice. |
Available to all members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Member First Mortgage, LLC (MFM) is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.
SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.
All other trademarks are the property of their respective owners.
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People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727 |
