Home Loans

We've got the home loan you need! We also offer homeowners insurance. Call us today at 651-451-3330 if you need help finding the home loan that best fits your needs.

Mortgage Loans

Finding the best mortgage program that suits your financial situation can be difficult. Wakota Federal has partnered with First Class Mortgage, CU Companies and SMW Financial, LLC to provide expert advice to our members. Contact a loan officer today to learn which of our Home Loans will be your best fit.

More about First Class Mortgage...

First Class Mortgage Corp.Making the decision to purchase or refinance a home isn’t easy. First Class Mortgage is here to help. Call and let us show you how easy it can be!

Ready to Apply for a Mortgage? We recommend you stop in or call WFCU at 651-451-3330 for help completing your mortgage application. If you want to try the process online, go to the First Class Mortgage website to get started.
  • Wakota Federal Credit Union NMLS# 412560
  • Lowell Poesh, Director of Lending, NMLS# 790860
  • Kelly Alvarado, Financial Services Officer, NMLS# 799782
  • Amanda Kissner, Director of Community Affairs, NMLS# 1112179 
More about CU Companies...

Whether you’re buying your first home, or refinancing your current mortgage, CU Companies has the right loan to fit your needs. We offer competitive interest rates and low closing costs without the fine print “junk fees.”

Ready to apply for a mortgage? We recommend you stop in or call WFCU at 651-451-3330 for help completing your mortgage application. If you want to try the process online, click here for the online application to get started.logoColor cu companies

Home Equity Second Mortgage

A fixed rate product that allows you to tap into 80% of the equity on your primary residence located in the state of Minnesota. Apply now through It’s Me 247.

Home Equity Line of Credit

A variable rate product that allows you to advance funds when you need them. No annual fee or maintenance charge. Available on your primary residence located in the state of Minnesota. You pay minimal costs at closing and interest only on the advanced amount. Apply now through It’s Me 247.

Hoping to refinance your Mortgage?
Refinance with a HARP Loan

You might think home refinancing in today’s market is just a myth. Well, our HARP LOAN makes refinancing a reality!

A HARP loan may be just for you...
HARP LoansAre you stuck with a high interest rate? Did you end up with an adjustable-rate mortgage or sub-prime lending terms such as ‘balloon payments’ or ‘interest-only payments’? If so, the HARP LOAN may be just for you!

The HARP LOAN offers Fannie Mae or Freddie Mac loans refinancing with affordable rates and reasonable terms.

Interested in a HARP LOAN?
Step #1: Click here to see if your loan qualifies. [external link disclosure]
Step #2: If it qualifies, call us at 651-451-3330 or stop in. We’ll help turn you right side up!

APR is Annual Percentage Rate. Terms are 10 to 30 years with financing up to 125% Loan-To-Value.

Special Home Equity Line-of-Credit Promotion running from 7/1-12/31/2016! 

Q3 Webslider

*Offer subject to credit review and approval. The advertised Annual Percentage Rate (APR) is fixed at 1.85% through 12/31/2016 for new HELOC’s opened between 7/1-12/31/2016.  The loan will receive the 1.85%APR introductory rate until 12/31/2016. The interest rate will increase on 1/1/2017. This is an Adjustable Rate Mortgage (ARM) that may change quarterly. The rate is determined by adding a margin of 2.50% to the “Index”, which is the weekly  average 1-year Treasury constant maturity rate, rounded up to the next ¼ (0.25%)  of one percent, for the week ending at least 14 days prior to the change date as made available by the Federal Reserve Board Publication H.15 (519).   The maximum APR will not exceed 18% and the minimum APR will never go below 4.25%. The rate will never go increase or decrease by more than 2.00% each calendar year. There is no quarterly interest rate cap. Payments are due on or before the 28th day of each month with a 15 day grace period. A late charge of 5% of the principal and interest payment owing will be assessed on the 16th day. The property must be a primary (1-4 family) owner occupied residence and located in the state of Minnesota. $5,000 minimum line amount required to open with a maximum line amount of $100,000.  An appraisal will be required for HELOC line amounts greater than $50,000. Loan to value restrictions may vary by credit history. The term is 20 years, consisting of a 10-year draw period. The monthly payment is 1.25% of the loan balance from prior month (minimum monthly payment is $100). Member NCUA. Equal Housing Lender. Limited time offer. Other restrictions may apply.

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