Lender review
Lake Trust Credit Union review: what Michigan borrowers should know
Lake Trust traces to 1944 and took its current form in a 2010 merger, serving the Brighton-to-Lansing corridor and beyond with the best-rounded government-loan menu of Michigan's mid-size credit unions — conventional, FHA, VA, and USDA. Much of its fulfillment runs through the Mortgage Center service partner, so servicing may feel a touch less local than a pure in-house lender.
Best for: brighton-to-lansing corridor buyers wanting a full-menu credit union
- Headquarters
- Brighton, MI
- Founded
- 1944
- NMLS
- #695868
- Min. credit score
- 620
- Min. down payment
- 3%
- MSHDA MI Home Loan
- Not on the list
What works
- Complete menu: conventional, FHA, VA, and USDA
- Serves both the Lansing and Detroit-adjacent markets
- Large statewide credit union, ~200k members
What to watch
- Processing largely via the Mortgage Center CUSO
- Branch presence is spread thin per town
- Rate and credit detail requires a loan-officer contact
The full picture on Lake Trust Credit Union
Trace the map from Brighton toward Lansing and you're traveling Lake Trust's home corridor, straddling the seam between metro Detroit's western edge and the capital region. Its 1944 origins and a 2010 merger produced a statewide cooperative of roughly 200,000 members.
The best-rounded CU menu
Conventional, FHA, VA, and USDA all under one roof means a first-time buyer in Howell and a rural buyer near Charlotte can start at the same lender.
Behind the curtain
Much of the fulfillment runs through the Mortgage Center service organization, so the servicing relationship can feel a shade less local than a pure in-house shop.
With members spread statewide, branch presence in any single town is thin, and rate specifics come from a loan-officer conversation rather than a public page.
Loan programs at Lake Trust Credit Union
Which core Michigan loan types Lake Trust Credit Union offers, with the typical minimum down payment for each program. Program floors are industry standards — Lake Trust 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 | — No | — |
| Construction | — No | — |
Also offers: HELOC.
Where Lake Trust Credit Union's credit bar sits
Lake Trust 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.
| Lake Trust Credit Union | Michigan median* | |
|---|---|---|
| Editorial score | 4.0 / 5 | 4.0 / 5 |
| Min. credit score | 620 | 620 |
| Loan programs offered | 5 | 5 |
| Michigan-headquartered | Yes | — |
*Median across the 55 Michigan lenders in our catalog.
Compare: Rocket Mortgage United Wholesale Mortgage (UWM) Flagstar Bank This week's Michigan rates
Lake Trust Credit Union: frequently asked questions
What credit score do you need for a Lake Trust Credit Union mortgage?
Lake Trust 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 Lake Trust Credit Union sell my mortgage after closing?
It may. Many lenders sell the servicing rights to a loan after closing, so ask Lake Trust Credit Union directly whether it retains servicing or transfers it — your rate and terms won't change either way.
Independent and unpaid — Lake Trust 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 (#695868). MSHDA status reflects the state's MI Home Loan lending-partners list dated June 12, 2026, which changes over time.