Real Estate 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 and Servion Mortgage 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...

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.

Short on time? Complete this quick app and we will reach out to you for the details.

First Class mortgage logo house outline in blue

More about Servion...

Whether you’re buying your first home, or refinancing your current mortgage, Servion 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.

Servion Mortgage logo

Refinance with a HARP Loan

A HARP loan may be just for you...

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

Are 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.
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.

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.

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.

Home Improvement Loan

A fixed rate unsecured loan to be used on home improvement projects. Borrow up to $15,000, up to 72 months.

EquitySafe Debt Protection

Protect what matters!

Life is unpredictable. There are a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. That’s why it is important you take action to safeguard your family against these types of events to ensure loan payments can be made on time. That’s where optional EquitySafe Debt Protection comes in.

Under the EquitySafe Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected – and most importantly- that your family is protected.

Availability and plan options

EquitySafe Debt Protection is available for open-end home equity lines of credit (HELOCs) and closed-end, fixed-term second mortgages.

Choose from the plan options listed below:

  • Plan Option 1 included Death, Disability and Involuntary Employment
  • Plan Option 2 includes Death and Disability
  • Plan Option 3 includes Death only

Contact a lender for pricing and further details. 


House Outline made of tools

Save $150 on Closing Costs!

Home Equity Loans, the right tool for your next project.

*For qualified borrowers only. Closing costs may vary. The average closing cost is $350 but can range from $150 or more depending on borrowed amount. Certain exceptions and/ or restrictions may apply. Other fees may apply. Promotion only qualifies on NEW home equity loans including HELCO, Fixed or Balloon products. Wakota federal Credit Union NMLS# 412560

  • Wakota Federal Credit Union NMLS# 412560
  • Kelly Alvarado, Senior Financial Services Officer, NMLS# 799782
  • Lori MacLenna, Senior Financial Services Officer, NMLS# 491813

A NEW WAY TO SAVE FOR A FIRST HOME

Buying A First Home Just Got Easier

People saving for a down payment on their first home in Minnesota can now take advantage of the First-Time Homebuyer Savings Account. This new program lets individuals or couples, parents and grandparents save money in a tax-preferred savings account to go toward the purchase of a first home. FAQs

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