Your credit union is a full-service mortgage lender, providing first and second mortgages, FHA, VA , secondary market financing, home improvement loans, home equity loans, lines of credit and more.
Start the Mortgage Process
Our Home Loan Experts
You have questions? We have answers! Contact a MMFCU Home Loan Consultant today at (218) 829-0371 or your local branch; Ginger House, Deb Kohan , Tim Olson, Heather Brill, or Heather Richter are ready to answer your purchase, refinance, and construction loan questions.
Online Home Loan Center
Our Online Home Loan Center provides you with the tools to apply for a home loan online, calculate various scenarios and learn more about financing options.
Thinking about building a home? Start with a good foundation! Mid-Minnesota can help with land and construction loans to fit your project. Now is a great time to build the home you've always wanted. Couple that with our great rates and you've got yourself the foundation for making your dream a reality.
Mid-Minnesota Construction Loans also offer...
An explanation of the types of Construction Loans available, as well as professional assistance in helping choose the one that is best for you – whether you are planning to build your first home or a vacation home!
- Flexible terms to suit your needs
- Competitive interest rates, both while you build and when the home is complete
- One-time closing costs, saving you thousands of dollars
- No penalties on early pay off
- Interest rate protection throughout the construction process with the final rate modified upon completion of the home
- Financing for up to 90 percent of the value
Owe more on your home than the current value?
Great news - the Administration’s Home Affordable Refinance Program (HARP) allows more homeowners to refinance their mortgage and take advantage of lower interest rates. If you owe more than your home is worth, the recent HARP changes were designed specifically to help homeowners like you refinance your existing mortgage—and it’s the primary refinance option currently available for homeowners in this situation. You may be able to refinance your mortgage with the HARP program even if you have been previously declined for refinancing.
Take advantage of HARP and you could:
- Lower your payment
- Lower your interest rate
- Decrease your loan term and pay off your mortgage sooner
Are you looking for a primary residence, second home, or investment property above $453,100? If so, consider a Jumbo Loan from MMFCU and enjoy an easy application process and a competitive fixed rate. Jumbo Loans start at a minimum of $453,101 and go up to $1,500,000! And, they’re available on purchases or refinances; including cash-out refinances! Contact one of our Home Loan experts Ginger House, Deb Kohan, Tim Olson, Heather Brill, and Heather Richter.
Federal Housing Administration (FHA) Loan
If you are looking for a lower down payment mortgage, the FHA loan may be right for you. Mid-Minnesota mortgage team will be there to discuss your options and eligibility. Contact one of our Home Loan consultants to see if you qualify for a FHA loan.
Veteran Administration (VA) Loan
Mid-Minnesota is proud to offer VA loans to eligible service members and their families to purchase a new home or refinance a current one.
HomeReady® Mortgage Loans
You may be eligible to buy a home sooner than you thought with a HomeReady mortgage loan- with only 3% down and closing costs that can be funded with help of others. Talk with a Mid-Minnesota Home Loan Consultant today or click for additional information on HomeReady.
Rural Development Loan Program
Short on your down payment? MMFCU may be able to help… The Rural Development loan program provides home ownership opportunities to low-and-moderate income individuals and families living in rural areas. With this program, loans may be made up to 100 percent of the appraised value! For more information on this program or to see if you qualify, contact one of our Home Loan experts Ginger House, Deb Kohan, Tim Olson, Heather Brill, or Heather Richter.
Want to take advantage of your home’s equity to make some improvements, pay some bills or take a vacation? Learn more about our home equity options and which one would be a match for your financial lifestyle. You can also visit with any of our loan staff for information on improvement and equity loans!
Your credit union is an equal housing lender.