Save $1,000* or More on Closing Costs
Save when you buy, build or refinance a home!
Most lenders typically charge origination fees of 1% of the loan amount. But your credit union is charging a flat $295 saving you money at the loan closing.
Equal Housing Lender. Loans subject to approval. Certain restrictions apply. *$1,000 savings is based on average mortgage loan amount in 2023.
Explore Home Equity Loan Options
Whether you are looking to transform, transition or treat yourself, a home equity loan may be the option for you. Remodel or renovate your home, make those small home improvements, consolidate debt, take a vacation or even use the funds for college tuition. With a Mid Minnesota Federal Credit Union Home Equity Loan the options are endless.
Apply For Home Equity LoanYour local Home Loan Consultants
Heather Brill
Ada, Alexandria, Detroit Lakes, Fergus Falls, Little Falls, Staples & Wadena Area
NMLS# 853176
hbrill@mmfcu.org
(320) 639-2142
Veronica Franzen
Ada, Aitkin, Alexandria, Brainerd Lakes, Crosby, Detroit Lakes & Fergus Falls Area
NMLS# 757043
vfranzen@mmfcu.org
(218) 822-5124
Ginger House
Ada, Alexandria, Brainerd Lakes, Detroit Lakes, Fergus Falls & Pequot Lakes Area
NMLS# 506676
ghouse@mmfcu.org
(218) 822-5120
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.
Property Improvement Loan
Increase the value or equity of your home with a Property Improvement Loan. Build a shed, construct a deck, pave your driveway or remodel your kitchen with a loan that fits your needs.
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 Home Loan Consultants today.
Rates at a Glance
View All RatesSee Home Equity Loan Rates
Discover your options
See the current rates available with Mid Minnesota.
Home Equity Line of Credit (HELOC)
Home Property Equity
Property Improvement Loan
Preferred Line of Credit
Calculate Your Options
Home Equity Line of Credit Calculator
Use this calculator to determine the home equity line of credit amount you may qualify to receive.
Home Equity Line of Credit Calculator
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.
