Loans/Mortgages/Home Equity

First Mortgages: Open the door to opportunities.

Owning a home brings multiple benefits. You and your family enjoy comfort and security while our communities grow stronger with neighbors who care about being responsible homeowners. If you're buying a home or refinancing a mortgage our lenders will work hard to find the right loan for you. We make it easy to apply with personalized service and are eager to save you money with competitive rates and fees.

First mortgages programs run from short term to 30 year fixed, adjustable rates or balloon loans. We provide the options to best fit your needs.

THFCU has financing available for primary residence, non-homestead, construction and even recreational land. Our Fast Track Mortgage is designed to help you pay down your home loan obligation faster, saving you thousands in interest alone.

Contact us for current rates and terms.

Mortgage Calculators

Leverage your home's equity.

Do you have a large project or expense on the horizon? Your home can provide the equity you need for financing, and you can move forward with a quick application and closing process. For home improvements, education expenses, debt consolidation and more, you can benefit financially simply from owning your home.

Which Home Equity Loan works best for you?

We'll work with you to figure out if you'd benefit more from a home equity loan or a line of credit.

Traditional Home Equity Line of Credit(HELOC) First Equity
Overview Borrow up to your home's equity in one lump sum for any reason. Advance a portion of this THFCU exclusive line of credit and keep it open for future advances Borrow equity, even if you own your home, at our most competitive rate.
Terms 5, 10, 12 or 15 years Vary 5, 10, 12 or 15 years
Rates Fixed rate based on loan-to-value up to 80% Variable rate based on loan-to-value up to 80% Fixed rate based on loan-to-value up to 80%

Consult your tax advisor about deductibility options.

Home Improvement: No collateral required!

Two Harbors Federal Credit Union is the only lender in the area participating in the Minnesota Housing & Finance Agency's Fix Up program, which allows our members to borrow for improvement projects at incredible terms.

No equity or mortgage lien is required to borrow as much as $15,000 for up to 10 years. Extended repayment periods keeps your monthly obligation affordable. A basic unsecured loan requires a household income of $99,500 or less and can be used for dozens of projects including siding, septic, furnace, landscaping, countertops, decks, foundation, garage expansion and more. Get the full list of eligible improvements here.

The Energy Incentive Loan also provides unsecured credit for up to $15,000 and terms to 10 years with no income restriction. Use these dollars for such improvements as heating and air replacement, light fixtures, insulation, windows and more. Get the complete list of eligible improvements here.

Learn more about Fix Up loans by visiting here, or talk with a member of our lending team. We're proud to exclusively offer this program in the Two Harbors area, and look forward to helping you imagine more.

Home Equity Loans
Hours & Location

Drive-Up:
Mon - Fri 7am to 6pm

Lobby Hours:
Mon & Fri 8am to 6pm
Tues, Wed, Thur 8am to 5pm

Located at:
801 11th Street
Two Harbors, MN 55616
218-834-2266


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