Own It with a Mortgage Loan from SCFCU!
We have numerous promotions and offers to help you obtain the home you’ve always wanted!
Mortgage & Real Estate Purchase
Are you dreaming of a home addition to create that perfect living space? Need funds to make your current property truly shine? 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.
And don't let borders hold you back – our services reach beyond state lines. No matter where you're located, we're here to support you if you're considering a mortgage. With the flexibility and convenience of our out-of-state mortgage offerings, you can enjoy our exceptional services no matter where you choose to invest.
In a world where details matter, where your dreams are significant, and where financial decisions carry weight, entrust St. Cloud FCU to be your partner. We're not just about mortgages; we're about enabling you to step confidently into your new home or investment venture. Let us take care of the intricacies, so you can focus on creating a brighter future. With us, your real estate aspirations are in the best of hands.
With our mortgage loan options, you can:
Purchase a home
Build a home
Finance a cabin or second home
Get funds for a home addition
Buy land, investment property
SCFCU can do mortgages out of state!
MN Housing Program
No Down Payment Required!
We want you to realize the dream of home ownership now — without years of waiting to save for the down payment. Our Minnesota Housing loans offer up to 105% financing to cover down payment and closing costs on purchases, making them a great choice for first-time home buyers.
All borrowers must be first-time home buyers or have not owned a home for the last three 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
Whether you need to make necessary repairs or simply want to update your home, a fix loan can refinance mots home improvement projects. The Fix Up loan’s affordable, fixed interest rates and longer repayments terms ( up to 20 years on some loans) means lower and more affordable monthly payments.
Loan amounts up to $75,000
Repayment terms 10 to 20 years
Up to 125% of property value
Home Equity Credit Line
When you're seeking a convenient way to have easy access to funds, consider the benefits of a Home Equity Line of Credit (HELOC). This financial tool offers a flexible solution that leverages the equity in your home as collateral, providing you with a revolving credit line that can be tapped into whenever the need arises.
HELOCs offer a range of advantages, making them an attractive option for those looking to manage their finances efficiently. Whether you have minor out-of-pocket expenses or larger financial goals, a HELOC can be a valuable resource. What's more, certain out-of-pocket expenses associated with a HELOC may even be tax-deductible, potentially offering you additional financial benefits.
Minor out-of-pocket expenses that may be tax-deductible
The home equity line of credit (HELOC) has a 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.Â
Refinance Your Mortgage
Looking to accelerate your journey to mortgage freedom? Our range of options, including 30, 20, 15, and 10-year loan terms, empowers you to reduce the overall duration of your loan. This not only helps you pay off your mortgage sooner but also unlocks a world of financial freedom by minimizing the interest accrued over time. It's a smart strategy for those looking to fast-track their financial goals.
That’s right, contact us today to find the best solution that will save you money on your mortgage!
Refinance your current home
Lower your monthly payment and reduce your interest rate
Reduce the terms of your loan with our 30, 20, 15, and 10-year options
Increase your monthly cash flow
Cash-out
Refinance your cabin, second home, land, etc.