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    Hi! Is there something I can help you find?

    • What would you like to borrow for?
      • A home
        • Great, what are you more interested in?
          • I’d like to buy a home, or refinance my current loan.
            • Sounds great. We offer Mortgage Loans at great prices, as well as refinancing options.
          • I want to make some environmentally friendly home improvements.
            • Let’s get started making our community greener. We offer no-collateral Home Improvement loans just for that. We think you’ll love our rates.
          • I’m more interested in using the value in my home to get a loan.
            • Sounds good. Would you prefer a lump sum of cash for your loan, or more flexible spending?
              • Lump sum
                • Sounds like you are looking for a Home Equity Loan. It’s a great way to secure a lower rate, and you can use the money on any expense.
              • Flexible spending
      • A car
      • Something fun
        • What are you interested in?
          • Boat
            • Awesome! Let us help you get on the water. We offer low rates and long terms to make your Boat Loan payments affordable.
          • Personal Watercraft
          • Motorcycle or ATV
            • You’re one step closer to hitting the open road or trail. We have the right financing on Motorcycle and ATV Loans to make it happen.
          • Motorhome, Campervan or Travel Trailer
      • Something else
        • Okay. Business or personal?
          • Business
            • Sounds great! We offer a wide range of Business Loans, including loans for vehicles, equipment and real estate.
          • Personal
            • Terrific! We offer Personal Loans for any need, including weddings, vacations and debt consolidation.
      • I’m mostly interested in a credit card
    • What would you like help with?
      • Accessing my accounts
        • Okay, how would you like to access your accounts?
          • Online
            • Ok! If this is your first time using Online Banking?
              • Yes
                • Okay! To enroll, call us during normal business hours at 314.962.6363 (or 618.239.6363 for Illinois members; 1.800.719.6363 if you are outside of the St. Louis area) and press option 6, then 2.
              • No
                • Great. To access your account, simply click “Login” in the upper right hand corner of the page.
          • On my mobile device
      • Opening a checking account
        • Great! What do you care most about in a checking account?
          • Earning interest
            • Okay! Both our Advantage Plus Checking and Value Checking accounts earn interest. Advantage Plus earns higher interest than Value Checking. With Value Checking, there’s no monthly fee if you maintain an average daily balance of $500 or more.
          • Having no fees
          • Getting free checks
            • Great! Take a look at our Advantage Plus Checking account, which features free regal style checks (and 50 percent off custom checks).
      • Signing up for eStatements
        • Cool! If you are already signed up for and using our online banking service, all you need to do is click on the eStatements tab within online banking and accept the disclosure that appears.
      • Running my small business
        • Our partner Payscape offers several online cash management services to help you track and adjust sales, process electronic forms of payment, create and automate digital invoices, manage a shopping cart on your company’s website and much more.
      • Getting insurance
      • Setting up alerts and controls
      • Reporting a lost or stolen card
        • We’re sorry to hear that. Is this during or after business hours?
          • During
            • Please call us at 314.962.6363 or 618.239.6363, and press option 6, then 1.
          • After
            • If it’s your debit card, please call 1.888.918.774. If it’s your credit card, please call 1.866.820.3035.
    • What would you like to save for?
      • An upcoming holiday or vacation
        • Sounds lovely! We have both Christmas Club and Vacation Club accounts available to our members. Check out our Regular Savings page and scroll down for more info.
      • Retirement
      • College
        • Meet with our financial advisor to learn about the different options available for funding a college education, including the Coverdell Educational Savings Account and the 529 College Savings Plan.
      • Something else – and I’d like to earn a good interest rate
        • Do you have some money saved up already?
          • Yes, quite a bit
            • Nice! Are you okay with leaving your money untouched for a while?
              • Sure
                • Cool! We think you might like one of our CDs. You agree to leave your money untouched for a while in exchange for a higher interest rate.
              • I’d prefer to make withdrawals when I need to.
                • Sounds good. Check out our Money Market account. It’s a little more flexible, but still gets you a higher rate.
          • Not much
            • No worries. Once you open a Regular Savings account, you can open secondary accounts for whatever you need, including college, rainy day funds and more.
      • I’d prefer just a basic savings account
        • Ok! Our Regular Savings sounds just right for you. It also secures your Arsenal membership.

    Mortgage Loans

    "Keep doing what you're doing, because at Arsenal, I feel at home!"

    Michael B.

    • Friendly

      Get in touch with your loan officer when you need to

    • Flexible

      A mortgage loan to fit every financial situation

    • Apply Now!

    Buying a home doesn't have to be scary

    Yes, it’s a big decision. No, it doesn’t have to be overwhelming. We make it easier with a staff that’s eager to guide you through the whole process, plus helpful programs and competitive rates.

    Through our partner, Member Home Loan, we offer mortgages tailored to any situation, including fixed-rate, adjustable, balloon, short-term and long-term. Mortgages may be underwritten by Member Home Loan.

    You can review a current list of loan originators at Arsenal who are registered with NMLS. For loan officer assistance, call 1.832.912.2151 or email questions@mhlcu.com.

    Download  Mortgage Pre-Qualification Form

    We're here for you

    Whether you’re interested in preapproval or simply want a rate that suits your budget, you’ve come to the right place.

    1. 1

      Convenient preapproval

      Preapproval means we verify your income and assets before you start shopping, so that home sellers know you are serious. This way, you can make an offer as soon as you find a home you love – and you'll look great as a potential buyer.

    2. 2

      Market-ready rates

      We are committed to giving you the best rates possible each and every day, which means your rate may vary depending on when you purchase your home. To check our current rates, call 314.962.6363 and press 4 then 1 (call 618.239.6363 if you are in Illinois). You can also visit Member Home Loan.

    3. 3

      Perks for first-time buyers

      Never bought a home before? We offer special bonuses to first-time homebuyers (or members who haven’t owned a home in three or more years) through First Integrity Mortgage Services. Enjoy below-market interest rates, grants, options for no down payment and more.

    Ready to get started?

    Begin your mortgage application process right here online.

    Apply Now!

    Calculator

    For more detailed mortgage calculators, please visit Member Home Loan's mortgage calculators page.

    Loan Calculator

    Format: 12m, 36m, 3y, 7y

    FAQs

    Generally speaking, you can purchase a home with a value of two times your annual household income. However, the amount that you can borrow will also depend on your employment history, credit history, current savings, current debts and the amount of down payment you plan to make.
    There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial profile and how long you plan on keeping your house. We will help you evaluate your profile, give you choices and help you make the most appropriate decision.
    The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
    • Earnest Money: The deposit made when you make an offer on the house
    • Down Payment: A percentage of the cost of the home that is due at closing
    • Closing Costs: Costs associated with purchasing or refinancing a house
    The preapproval process is much more complete than prequalification. For prequalification, the loan officer asks you a few questions and provides you with a prequalification status. Preapproval includes all the steps of a full approval, except for the appraisal and title search. It is verification of income and assets.
    With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage.
    This is an upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan amount; e.g., "2 points" means a charge equal to 2 percent of the loan balance.
    A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points and the length of the lock.
    It is the list of settlement charges that the lender is obliged to provide the borrower within three business days of receiving a complete loan application.
    For most homeowners, the monthly mortgage payment includes three separate parts:
    1. Principal: Repayment on the amount borrowed
    2. Interest: Payment to the lender for the amount borrowed
    3. Taxes & Insurance: Monthly payments made into an escrow account for hazard insurance, property taxes and sometimes Home Owner Association dues

    Still have questions?

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    Home insurance

    Protect your home and what’s inside it with homeowner’s insurance. Cover yourself against losses or damage from fire, weather, theft and more. Protect yourself from liability if an accident happens on your property. You’ll get the coverage you want from leading insurance companies, the service you deserve and savings that add up. Enjoy discounts for: being a member of Arsenal Credit Union, new home, smoke detectors, burglary and fire alarms, inflation protection and multi-policies. Read more at TruStage.com.

    Ready to get started?

    Apply Now!