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Consolidate debt, travel or improve your home!
Achieve Your Goals With a Home Equity Loan
Borrow against the equity in your home to remodel, consolidate debt, or take a vacation with an MMFCU Home Equity Loan.
Home Equity Rates
Preferred Line of Credit
9.84% APR
Home Equity Line of Credit (HELOC)
7.00% APR
Home Property Equity
5.99% APR
Calculate your options
Lexi Patynski
Serving: Little Falls, Staples, Wadena and Surrounding Areas
NMLS: 2684598
(320) 639-2142
lpatynski@mmfcu.org
Ginger House
Serving: Baxter, Pequot Lakes and Surrounding Areas
NMLS: 506676
(218) 822-5120
ghouse@mmfcu.org
Veronica Franzen
Serving: Aitkin, Brainerd, Crosby and Surrounding Areas
NMLS: 757043
(218) 822-5124
vfranzen@mmfcu.org
Nathan Rund
Serving: Ada, Alexandria, Detroit Lakes, Fergus Falls and Surrounding Areas
NMLS: 2716660
(320) 460-7489
nrund@mmfcu.org
Traditional Home Equity Loan
Lock into a fixed rate with a traditional home equity loan. Borrow against the equity in your home for any reason – not only home improvements!
Home Equity Line of Credit (HELOC)
Want more flexibility in your borrowing? A home equity line of credit (HELOC) with a variable rate may be a better fit. Similar to a traditional home equity loan, the HELOC gives you access when you need it. Make monthly payments based on your balance after you make advances.
Interest-Only HELOC
Looking to make smaller payments, but have the similar flexibility of a home equity line of credit? An interest-only HELOC may be the option for you. Borrowers are only required to pay the monthly interest due based on the balance. It is important to note that interest-only payments will not pay off the amount borrowed, therefore a balloon payment will result.
Home Property Equity
Use your home's equity to build a shed, construct a deck, pave your driveway, remodel your kitchen or even consolidate debt.
Home Loan Options
Buy, build or refinance the home of your dreams with one of our home loans.
If you are looking for answers on what mortgage loan will work for you, reach out to one of our expert Mortgage Loan Officers today.
Peace of Mind with Home Equity Loan Perks
Protection Services
Protect yourself from those unforeseen circumstances that may come up. We offer services to help cover your loan payment in the instance that you are disabled from injury, need to take a leave from your job, or are even let go from your employer. We can even provide insurance at competitive rates.
Easy Payments
You can make loan payments however it suits you best. Set up auto withdrawals, have us deduct them from your paycheck, or make payments at your convenience with online banking. Whatever you choose!
Verify Insurance Coverage to Save
Having your insurance coverage on file with Mid Minnesota saves you money. If you change insurance carriers or recently bought your vehicle, update your insurance information to keep your payment low.
Need help or have questions?
Chat with one of our expert staff:
*APR=Annual Percentage Rate. Subject to credit approval, not all applicants will qualify. Loan amounts will be determined by income and other factors, including collateral details. Federally insured by NCUA. Equal Housing Lender.