Considering homeownership? One of the biggest expenses to save for when becoming a homeowner is saving up for the down payment. One of the many myths about the down payments is that buyers need to put at least 20% down on a home, when, in reality, that’s not always the case. In 2020, the median first-time homebuyer financed their home with less than 7% down.* And at LMCU, we’ve financed many homes for as little as 3% down. On a $250,000 home, 7% down is $17,500. It might seem like a lot, but if you start saving now, you can chip away at it little by little.

Once you’ve determined your down payment goal, it’s time to start saving using these strategies:

The last year has impacted everything from the way we work to the way we shop. Home trends saw a big impact as our homes became our office, gym and classroom. The movement has continued into 2021 with the following home makeovers trending.

All of us are seeking out ways to make being an adult a little easier. Managing your finances can be a chore, but you may be able to use technology to your advantage. Here are a few tips and tricks you may not be using yet that could help streamline your process.

The pandemic shifted us all to spend more time at home. At first, the extra time at home seemed like a dream come true. After days turned into weeks and weeks into months, we are now here one year later. The combination of working from home and home-schooling, along with limited leisure, has left many of us unorganized amongst congested and cluttered spaces.

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Learn what's happening at LMCU.

Tips for filing in 2021.

It’s everyone’s favorite time of year. Tax season! For many, 2020 was a unique year that brought some unpredicted changes. If one of those changes was a period of unemployment, you’re not alone! Here are a few tips on how to navigate what you may owe Uncle Sam this year.

Find out by asking yourself these questions first.

Lake Michigan Credit Union ("LMCU") and West Michigan Whitecaps Announce New Multi-Year Partnership

• LMCU proud to join West Michigan Whitecaps in 10-year partnership
• Whitecaps to play ball for the 2021 season in newly named LMCU Ballpark
• Whitecaps organization and LMCU enter new, long-term banking relationship 

Kids of all ages will enjoy creating a happy hedgehog craft with hearts, paint, pom poms, and our printable hedgehog template. Best of all it's budget friendly and you can easily adapt it to use items you already have at home.