Home Loans

We offer many types of home and land financing to suit your needs. Whether you’re purchasing a first home or refinancing your current home, our local mortgage team is here to help. 

Types of Credit Union Home Loans

Buying a house is one of the most important decisions you’ll ever make. We’re happy to help you with your first or next home loan! We offer a variety of options, with flexible terms and very competitive rates.

We can even help you get pre-approved so you know exactly how much home you can buy.*

 

*Not all applicants will qualify
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Home Equity Loans

If you need funds to cover unexpected or major expenses — from home repairs to medical emergencies — look no further than the equity built in your home.

Let Northwoods CU turn it into a loan for anything you need. We make it easy with competitive rates, flexible terms, and quick local decisions for fast results.

  • Use your home equity to get the funds you need
  • Competitive rates
  • Flexible terms and affordable payments
  • Local decision-making
  • Professional, friendly service from people you know
  • Interest typically tax deductible*
  • Take steps to protect you and your family in case something unforeseen happens with Debt Protection

*Ask a tax advisor

Home Equity Loan Line of Credit

If you need funds to cover unexpected or major expenses — from home repairs to medical emergencies — look no further than the equity built in your home.

Let Northwoods CU turn it into a loan for anything you need. We make it easy with competitive rates, flexible terms, and quick local decisions for fast results.

  • Use your home equity to get the funds you need
  • Competitive rates
  • Flexible terms and affordable payments
  • Local decision-making
  • Professional, friendly service from people you know
  • Interest typically tax deductible*
  • Take steps to protect you and your family in case something unforeseen happens with Debt Protection
  • *Ask a tax advisor
Conventional Loans

Fixed interest rate and flexible term options with as low as 5% down

HomeReady Mortgage Loans
A conventional home loan with a fixed interest rate as low as 3% down.
FHA Loans
Down payments as low as 3.50% with more relaxed guidelines than Conventional Mortgages.
VA Loans

Great option for our military including veterans, servicemembers, and eligible surviving spouses with 0% down and no private mortgage insurance required

USDA Rural Development Loans
Provides opportunities for people with low to moderate income to become homeowners with 0% down. Qualified properties must be in designated areas as defied by USDA, most of Carlton County is approved.
Bare Land/Recreational Land Loans

Purchase hunting land or land to build on in the future. Minimum 10% down.

INFO

Contact Northwoods Credit Union today to learn more about what our Home Loans have to offer!

Contact Northwoods Credit Union today to learn more about what our Home Loans have to offer!

Education & Resources

First Time Home Buyer? 

Learn tips on how to financially prepare to purchase your first home. We give you first time home buyer tips here. 

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