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 Servion Mortgage and First Class 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 Servion...
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.
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!
Short on time? Complete this quick app and we will reach out to you for the details.

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 $25,000, 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.
- 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
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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