First Step Home Loan
The perfect option for first-time home buyers
First Step Home Loans in Minnesota and Wisconsin
- Only 2% down*
- No Private Mortgage Insurance
- Lock in rate during pre-qualification
- Mortgage serviced locally
Have questions? We're here to help!
MCCU 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.
Planning for your first home
*An example of a typical 10/1 adjustable rate mortgage requiring a 2% down payment: Annual Percentage Rate (APR) of 6.616% for initial 120 months with monthly payments of $6.16 per $1,000 borrowed followed by 240 monthly payments calculated with an APR based on the market index plus a margin. After the initial fixed period of ten years, the interest rate and payment amount may change each year. APR referenced in the example is the lowest rate available as of 08/10/2023 and may vary based on loan amount, borrower credit, loan to value, property type, occupancy, etc. MCCU membership required. Restrictions apply. Terms and rates may change at any time.
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.Go to main navigation