Minnesota Valley Credit Union

Home Loans

1st Mortgage

We offer a full range of real estate financing and refinancing options.  Save time and money before you shop by pre-qualifying for your mortgage.  Call our loan department for current rates or to make a no obligation appointment.

Home Equity... Discover Your Options

Home Equity loans are a type of loan in which you use the equity in your home as collateral.  This equity can be used for a variety of purposes and you are not limited to spending the loan proceeds on your house.  Below are some frequently asked questions.

How Much Can I Borrow?
MVFCU allows qualified borrowers to finance up to 90% of your home's value.  The lower the the LTV the lower your interest rate.

How Long Do I Have To Repay?
Home Equity loans can have repayment terms anywhere from 5 to 20 years.  See our CURRENT RATES for more information regarding terms and repayment options.

How Much Are Closing Costs?
MVFCU offers a NO CLOSING COST option for members who borrow $10,000 or more and have the loan for at least 3 years.  Typical closing costs are around 1% of the loan amount with a minimum of $150 for filing fees.

You can feel good about getting a home equity loan no matter what you use the money for. Apply today and you could close tomorrow.  Enjoy a fixed interest rate for the life of the loan.  Save money with a lower interest rate than most other loans and credit cards.

If you have more questions please email us at loan@mnvalleyfcu.coop.
If you would like to begin an application APPLY TODAY.

Home Equity Line of Credit

Get all the benefits of a home equity loan with the convenience and flexibility of a credit line.  Draw from your home equity line of credit any time you need to pay for home improvements, debt consolidation or any large purchases and repay on flexible terms.  Line of credits carry a variable interest rate that is attached to the prime rate. 

Calculate Your Mortgage Payment

Loan Calculator ImageUse our loan calculator to calculate for your payment amount, how much you'll need to borrow or the term you'll need to finance.
MORTGAGE CALCULATOR

Get Started

Ready to move forward with your mortgage purchase, refinance, improvements?  Start by filling out our online mortgage application. 
APPLY TODAY

Buying Your First Home?

Looking into buying your first Home? MVFCU has the information and tools you need to know about buying a home and financing.  CLICK HERE
 

PHH Mortgage Services

If you have a mortgage serviced through PHH Mortgage Services, you have online access to all your mortgage loan details.  CLICK HERE
 

Remember to Look for Hidden Fees

When buying or refinancing be sure to review the Good Faith Estimate.  The good faith estimate (GFE) is a written list of the estimated closing costs involved in a mortgage transaction, including the lender's charges as well as the local closing agent's charges and fees.

No Closing Costs Options Available

Ask us how you can refinance your mortgage without having to pay closing costs!