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HomeReady and HomePossible Mortgages

Empowering options

Get low down payment options and competitive rates with a HomeReady® or HomePossible® mortgage.


Expert local support

Enjoy a high-success, low-stress experience, from origination through the life of your loan.


Low down payment

Low down payment options make it easier to purchase.



Save with lower private mortgage insurance (PMI) costs.


Refinance options

HomeReady and HomePossible loans can be used for refinancing.


Not just for first-timers

Repeat buyers can qualify, too!


Friendly service

Visit us at a branch, by phone, or online, for friendly member service.

Calculate your monthly payment1

Monthly Payment

Two Loan Options

More ways to qualify

Fannie Mae® HomeReady loans and Freddie Mac® HomePossible loans have the same great features, providing two opportunities for approval.

Young adult studying on her couch
Low Down Payment Options

20% down? Maybe not.

With a HomeReady or HomePossible loan, get lower down payment options to help you purchase.

Young parents and their child happy in their home

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get a HomeReady or HomePossible mortgage loan.

  • 1

    Complete an application

    Apply online, over the phone, in person, or through video banking.

  • 2

    Get prequalified

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Buy or refinance a home

    Use the funds to purchase or refinance your home.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


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Give us a call


Call 218-625-8580

Options and opportunity


With a HomeReady or HomePossible loan, low down payment and competitive rate options can help you purchase or refinance affordably.


Apply now


1 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used for mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval is required.

HomeReady® is a registered trademark of Fannie Mae. HomePossible® is a registered trademark of Freddie Mac.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

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