Home Loan Center

MVFCU recognizes that if there's one financial decision in life where saving money really matters, this is it!  Buying or refinancing your home is a big decision; choosing the right lender matters.  At MVFCU we offer a variety of fixed and variable rate mortgages with a loan staff here to help you feel right at home with your decision.

Our Guarantee

We provide tremendous value to our members and here’s our promise to you.  We will beat any lender's rate and fee combination and if we can't, we'll pay you $500. Our 1st mortgage guarantee saves you time, money and home loan hassles. Yes you can rest easy and do all of your banking with MVFCU.  Save Money.  Borrow Local. 

*Mortgage Rate and Fee Guarantee:  If you find a better rate and closing cost combination somewhere else, we’ll beat it! If we can’t beat or match our competitor’s rates and fee’s we’ll pay you $500!

Full Service Banking

Make MVFCU your one and only stop for all your banking needs.  Pay your low rate mortgage loan directly from your FREE MVFCU checking or savings account with a click of a button online, or swipe of your finger using the My Mobile MVFCU app.  See a MVFCU staff member to learn why It pays to bank where you’re part owner!

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 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 before you know it.  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. And for a limited time take advantage of our low rates. Click here for more information.

Rate Match Guarantee Disclosure

*Limited-time offer available for secondary market purchases (fixed 15, 20 or 30 year mortgage). Loan Estimate and Closing Disclosure from competing lender must be dated and received within 3 calendar days prior to locking interest rate at Minnesota Valley Federal Credit Union (MVFCU). The terms of the competing loan must be identical to MVFCU loan.  If the loan does not close within the commitment period, the rate match may be voided.  To receive $500, member must provide a signed, executed copy of the final Closing Disclosure and a copy of the mortgage note within 30 calendar days of loan closing with another lender. Offer not valid if original loan terms or conditions change prior to closing. Once approved, $500 will be automatically deposited into applicants MVFCU account within 30 calendar days of receiving the necessary documentations. Applicant must have existing, or open a new account with MVFCU to recieve $500.  Excludes Refinance of existing MVFCU Mortgages .  Other restrictions may apply.

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.

Get Started

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

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 Loan Estimate.  The loan estimate  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! 


It Pays to Bank Where You’re Part Owner®