If you are in the market to purchase a new home or are looking to refinance for a lower rate, start your application online! We offer a complete product line with very competitive rates including discounted origination fees for our members. Why pay more? Take advantage of our Mortgage options today!
Save $300 on First Mortgages
Act Fast: Apply between 9/15/22 and 10/31/22 and we'll take $300 off of your closing costs when your loan is funded* on a First Mortgage, plus:
- Discounted Origination Fee
- 15, 20 & 30 Year Fixed Rates
- Mayo Resident & Fellow Program
*Offer good on new applications dated 9/15/22 - 10/31/22 that are funded. Existing MEFCU debt is not eligible.
- Conventional fixed rate terms up to 30 years
- 5 and 7-year ARMs*
- VA financing
- Mayo Resident and Fellow Loan Program
- FHA financing
- Construction Loans**
- Financing available in all 50 states
- Primary and secondary residences
- Home Equity loans*** up to 100%
- Lot Loans***
*ARM = Adjustable Rate Mortgage. Interest rates and payments may increase after consummation. After the initial fixed-rate period, your interest rate can increase or decrease every six months according to the 30 day average SOFR index.
**Available in Minnesota - Rochester area only
***Available in Arizona, Florida, Iowa, Minnesota, and Wisconsin
We believe in building strong relationships with our members and are here to guide you every step of the way.
Whether you’re looking for assistance during the application process or have questions about a refinance, our trusted Mortgage Officers are here to help. You can be confident in the advice you receive, as our representatives do not work on commission.
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We offer great rate options, and it may save you money to refinance with us! The general rule of thumb is that you want to improve a full percentage point on your interest, in order to make it worth the cost of refinancing.
To get started, check our rates and sign up for a Rate Alert if you are comparing your options. Then use our calculator to see how much you could save. If it makes sense to refinance, visit our online Mortgage Application to start.
If you would rather build than buy, we can help! Financing is available for lot purchases and construction costs. Once your home is built, our Mortgage Officers can help secure permanent financing.
Mayo Residents & Fellows
We have designed a program just for you. Taking into account your unique situation, we can customize a home loan to fit your individual needs. Get started today with our online application!