Central State Mortgage


About Us

Since the establishment of our company in 1984, our company has focused on community-minded mortgage banking. In the years since we became a CUSO in 1997, our credit union ownership base has expanded dramatically. From a core of 12 initial credit union shareholders, we’ve grown to 25 shareholder credit unions and the Wisconsin Credit Union League. This makes our family of companies a homeownership destination serving both retail clients and over 250 credit unions across the country. By providing proven value along with a solid Midwestern work ethic, we originated more than 7,700 loans worth over $1.1 billion in 2005, even in a market where industry-wide mortgage volume was down 30%. This made us the third ranked multi-owned CUSO in the country.

Central States distinguishes itself in the competitive mortgage market by focusing on developing and maintaining relationships as evidence by the high percentage of our clients who refer us to friends and family. With straight-forward business practices, superior customer service, and a strong dedication to building communities through homeownership, Central States Mortgage is your home lending partner... for every step in life.

Mortgage Programs

  • Purchase and Refinance Loans
  • FHA (Federal Housing Authority)
  • VA (Federal & State Veteran's Administration)
  • WHEDA (Wisconsin Housing & Economic Development)
  • Fixed & Adjustable Rate Mortgages (ARMs)
 
  • Interest-Only Fixed & Adjustable Rate Mortgages
  • No Money Down Options
  • Reverse Mortgages
  • Bridge Financing Available
  • Down Payment Assistance Programs

Current Mortgage Rates

Program Rate Points APR Max Loan Fees In APR
 3/1 ARM 5.875 0 6  417000 300
 30 YEAR FIXED 6.375 0 6.5  417000 300
 30 YEAR FIXED 6.125 1 6.25  417000 300
 15 YEAR FIXED 5.875 0 6  417000 300
 15 YEAR FIXED 5.625 1 5.75  417000 300
 10 YEAR FIXED 6  0 6.125 417000 300
 30 YEAR JUMBO  CALL   1000000  395
 15 YEAR JUMBO  CALL      1000000  395
  FHA & VA  CALL      739000  395
Rates as of 07/25/2008 and are subject to change.

[The information on this page is updated directly by the lender using HSH's LiveEdit service. Please contact the lender with any questions or comments about the information posted here.]

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Central State Mortgage

30200 Telegraph Rd. Ste. #125
Bingham Farms, MI 48025
Toll Free: 866-580-3738
Fax: 866-608-7095
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