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St. Cloud Financial CU

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Own It with a Mortgage Loan from SCFCU!

We have numerous promotions and offers to help you obtain the home you’ve always wanted!

Purchase
Refinance
Home Equity Credit Line
Vanishing Mortgage

Mortgage & Real Estate Purchase

Whether you’re buying your first home, building your dream space or adding onto the one you already love, we’re here to make it happen!

Our mortgage loans extend beyond the traditional, allowing you to explore possibilities and turn your visions into reality. Our financial support doesn't stop at homes; if you're eyeing an investment property or a piece of land, we're here to assist you in making informed decisions that align with your aspirations.

 

At SCFCU, our mortgage loan options go beyond the basics. We can help you:

  • Purchase or build a home

  • Finance a cabin or second home

  • Get funds for a home addition or renovation

  • Buy land or investment property

Wherever life is taking you, our team will walk with you every step of the way, offering real guidance, flexible options and support always focused on you!

Let’s turn your dreams into a reality, right here, with people who care.  

MN Housing Program

 

No Down Payment Required!

Make home ownership happen now — there’s no need to wait years to save up! Our Minnesota Housing loans offer up to 105% financing to cover your down payment and closing costs, making for the perfect for first-time home buyers. 

Highlights:

  • Must be a first-time home buyer or have not owned a home in 3+ years

  • Up to 105% loan-to-value

  • Buyer minimum contribution is lesser of $1,000 or 1% of purchase price

  • Down payment and closing cost loan options — up to $14,000 available!

 

Second Mortgage Home Equity Program

From repairs to remodels, our Fix Up loan can help you tackle projects with ease. Affordable rates and longer terms mean lower monthly payments with financing up to 125% of your home’s value!

Highlights:

  • Loan amounts up to $75,000

  • Repayment terms 10 to 20 years

  • Up to 125% of property value

Home Equity Credit Line

Need flexible, on-demand access to funds? A Home Equity Line of Credit (HELOC) puts your home’s equity to work, giving you a revolving line of credit you can use when life or opportunity calls. From unexpected expenses to big projects, a HELOC is a smart way to stay financially ready. 

Why choose a HELOC with SCFCU?

  • Flexible access to funds as you need them

  • Minor out-of-pocket expenses that may be tax-deductible

  • Variable rate indexed to the prime rate minus .50%.

  • No pre-payment penalties 

  • No annual fee

  • Equity in your home serves as collateral

 

Vanishing Mortgage

Exclusive to St. Cloud Financial Credit Union

  • Refinance or purchase and watch your mortgage disappear!

  • Flat closing costs as low as $895*. No surprises!


*Flat closing cost applies to refinance under $150,000 only. **First mortgage loans only on either refinance or purchase loans. Fixed rate mortgage terms with escrows for taxes but not insurance. For primary or second homes only on qualified buyers. 

Refinance Your Mortgage

Are you ready to save more and stress less? Refinancing your mortgage can lower your monthly payment, reduce your interest rate or shorten the length of your loan, helping you reach mortgage freedom faster!

Our range of options (10, 15, 20 and 30-year loan terms) will help you find the right fit for you, your goals and your budget.

Benefits of refinancing with SCFCU:

  • Lower your monthly payment and reduce your interest rate

  • Choose from our 10, 15, 20 and 30-year loan terms

  • Increase your monthly cash flow

  • Cash-out

  • Refinance your cabin, second home, land, etc.

Contact us today to find the best option and fit for you. We are here to help you every step of the way!