Mortgage Rates
As of January 11, 2021
| Product | Rate | APR |
|---|---|---|
| 15 Year Fixed Conventional* | 2.500% | 2.680% |
| 30 Year Fixed Conventional* | 2.875% | 2.940% |
| FHA - 30 Year Fixed** | 2.490% | 3.557% |
| VA – 30 Year Fixed** | 2.250% | 2.473% |
| USDA Rural Development** | 2.250% | 2.748% |
| Vanishing Mortgage *** - Exclusive to St. Cloud Financial Credit Union | ||
| 6 Years Fixed | 2.240% | 2.364% |
| 9 Years Fixed | 2.490% | 2.567% |
| 12 Years Fixed | 2.750% | 2.809% |
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| Second Mortgage | As low as 2.99% | |
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| Home Equity Line of Credit (80% Loan to Value)**** | 3.500% | |
Rates are subject to change at any time. Loans are available to qualified borrowers on approved credit. Your credit rating will determine the final rate. Specific loan details may change pricing. A down payment may be required.
* Conventional conforming loan rates shown above are for the purchase of a single family primary residence with a loan amount of $150,000 and loan-to-value of 80%. The rate is based on a 30-day lock with a 760 credit score. Your loan's interest rate will depend on various factors, including loan product, loan size, credit profile, property value, geographic location, occupancy, and other factors.
** Government loan rates shown above are for a purchase of a single family primary residence with a loan amount of $150,000. The rate is based on a 30-day rate lock with a 760 credit score. Your loan's rate will depend on various factors, including loan product, loan size, credit profile, property value, geographic location, occupancy, and other factors.
*** Vanishing Mortgages are for a maximum 12-year term. Stated rate is for loan-to-value of 80% and a minimum credit score of 680. First mortgage loans on primary or secondary homes only, no escrow required for taxes or home insurance. Can be used for refinances or purchase loans. Stated APR is based on a refinanced loan amount of $150,000
**** The home equity line of credit (HELOC) has a variable rate indexed to the prime rate plus .25%. The HELOC rate will never exceed 15.00% APR, and it will never exceed the highest allowable rate for this type of agreement as determined by applicable state and federal laws.
We Can Make Your Mortgage and Real Estate Investments Simple and Enjoyable
Your home mortgage loan can seem stressful, and we get it. Our mortgage department is like every team at our credit union - here to do what is best for you through an individualized approach. We will partner with you to identify a lending approach that works with your lifestyle and help you actually enjoy the process.
As a current or future real estate owner, you know that home mortgage loans are both a necessity and a large and often overwhelming part of your financial portfolio. With long-term impact, making the right choices can make or break your personal situation. Our goal is to help set you up for success.
When it comes to choosing home mortgage loans, there are three things you need to keep the process and your loan as stress-free as possible:
- Confidence in your mortgage terms
- A lender you can trust and turn to with questions
- Transparency in your loan
We will achieve all these!
When you choose our mortgage program, you can count on a secure, safe environment that can provide the stability and confidence you need to benefit your finances and your property. With home mortgage loans designed to accommodate you while suiting your unique financial situation, your credit union mortgage can be an asset to you and your family. Personalized assistance and answers to all of your questions can create the right environment for you, for any real estate situation you may be facing.
- Buying property
- Constructing a new home
- Financing a home addition
- Buying a home or building
- Buying a first home or any new home
- Buying a second home
- Buying an investment property
- Refinancing to lower your payment
- Debt consolidation
Explore the benefits of our home mortgage loan with options that are customized for you, your property, and your life!
-Ali, Trina & Lisa
320-258-2186
MEET OUR MORTGAGE STAFF!
Do you have less than 15 years left to pay your mortgage?
To Check out our Vanishing Mortgage* CLICK HERE!
Our Vanishing Mortgage was built to benefit members who may not have taken advantage of historically low rates because of the fees and hassle involved AND are in the final stretch of a mortgage or those who may have refinanced but now the rates are even lower.