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Leased Land Loan

Buy or refinance a leasehold property

Purchase or refinance your perfect home on a Minnesota Power leasehold property.

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Competitive rates

Get a monthly payment that won't break the bank.

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Unique lending

Many lenders won't finance leased land. We make it happen!

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Like a traditional mortgage

Long-term financing that works like a traditional mortgage.

Calculate your monthly payment1

Monthly Payment

Amount
$
Rate
%
Months
Unique Financing

A property that works for you

With our competitive rates and terms, purchase a unique property that's right for you. We also offer refinancing options for your primary or secondary home.

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Like a Traditional Mortgage

Leased land financing, made simple

Buying or refinancing a home on leased land doesn't have to be complicated. Our financing is a lot like a traditional mortgage.

Mom and daughter hugging in front of their new home

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get a leased land loan.

  • 1

    Complete an application

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

  • 2

    Get approved or pre-qualified

    We’ll let you know if you’re approved or pre-qualified to refinance or purchase leased land property.

  • 3

    Buy or refinance leasehold property

    Use the funds to purchase or refinance your leasehold property.

Apply now

Have questions? We're here to help!

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Schedule an appointment

 

Schedule now

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Meet virtually

 

Video Banking

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Give us a call

 

Call 218-625-8580

Straightforward financing

 

Buying or refinancing leasehold property doesn’t have to be difficult.
We offer competitive rates and terms to bring your dreams to life.

 

Apply now

Disclosures

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 as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.

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.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers. In order to receive account notifications you must enroll in online banking services and specifically text notifications. Membership required.

Video Banking

Memorial Day Holiday Closure All offices will be closed on Monday, May 27, in observance of Memorial Day. ATMs, mobile services, and online banking are available 24/7! View all our holiday closures.