Lender review
Honor Credit Union review: what Michigan borrowers should know
Honor Credit Union, based in Berrien Springs since 1934, offers the most complete mortgage menu of Michigan's regional credit unions — conventional, FHA, VA, USDA, jumbo, construction, portfolio, and even physician loans — plus a military S.T.A.R. loan with zero down and no PMI. For southwest and northern Michigan buyers it's a rare one-stop credit union.
Best for: southwest and northern michigan buyers wanting the widest cu menu
Best fit: buyers with unconventional files in its service area
- Headquarters
- Berrien Springs, MI
- Founded
- 1934
- NMLS
- #458266
- Min. credit score
- 620
- Min. down payment
- 3%
- MSHDA MI Home Loan
- Approved lender
What works
- Widest product menu of the Michigan credit unions
- Military S.T.A.R. loan: 0% down, no PMI
- In-house portfolio and construction flexibility
What to watch
- Regional footprint in southwest/northern Michigan
- Some specialty products are niche
- Smaller asset base than the metro-Detroit CUs
The full picture on Honor Credit Union
Down in Berrien Springs, tucked into Michigan's southwest fruit belt, Honor has quietly assembled the deepest mortgage menu of any regional credit union in the state. For southwest and northern Michigan buyers it's a rare one-stop cooperative.
One-stop breadth
Conventional, FHA, VA, USDA, jumbo, construction, portfolio, even physician loans — the kind of range you normally leave a credit union to find.
Regional by design
Since 1934 the institution has stayed rooted in southwest and, increasingly, northern Michigan — a Detroit-metro buyer is out of the natural service area.
A few specialty programs are genuinely niche, and the asset base trails the big southeast-Michigan cooperatives.
Loan programs at Honor Credit Union
Which core Michigan loan types Honor Credit Union offers, with the typical minimum down payment for each program. Program floors are industry standards — Honor Credit Union's own minimums or credit overlays may run higher.
| Loan program | Offered | Typical min. down |
|---|---|---|
| Conventional | ✓ Yes | 3% |
| FHA | ✓ Yes | 3.5% |
| VA | ✓ Yes | 0% |
| USDA | ✓ Yes | 0% |
| Jumbo | ✓ Yes | 10–20% |
| Construction | ✓ Yes | 5–20% |
Where Honor Credit Union's credit bar sits
Honor Credit Union's roughly 620 minimum sits in the good credit range. Below, that 620 floor is plotted against the four broad credit tiers and the 620 median for the 55 Michigan lenders we track.
| Honor Credit Union | Michigan median* | |
|---|---|---|
| Editorial score | 4.1 / 5 | 4.0 / 5 |
| Min. credit score | 620 | 620 |
| Loan programs offered | 6 | 5 |
| Michigan-headquartered | Yes | — |
*Median across the 55 Michigan lenders in our catalog.
Compare: University of Michigan Credit Union ELGA Credit Union Advia Credit Union This week's Michigan rates
Honor Credit Union: frequently asked questions
What credit score do you need for a Honor Credit Union mortgage?
Honor Credit Union generally looks for a credit score around 620 on its most common loans. Its FHA loans can go lower — often to 580, or 500 with a larger down payment — while conventional and jumbo loans usually want higher scores. That 620 is a floor, not a promise: every lender layers on its own overlays, and approval still turns on your income, debts and the property.
Will Honor Credit Union sell my mortgage after closing?
Often not. Honor Credit Union is noted for keeping servicing in-house rather than selling it, so the company you send payments to is more likely to stay the same after closing — a real plus if servicing transfers frustrate you.
Independent and unpaid — Honor Credit Union did not pay for placement. How we score every lender (and where our rate data comes from) is set out in our editorial policy. Figures reflect public information as of 2026-07-16 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#458266). MSHDA status reflects the state's MI Home Loan lending-partners list dated June 12, 2026, which changes over time.