Couple wrapped in a blanket holding up a cut out of a home so one day they will have a mortgage

Make your home ownership dreams come true

SouthPoint Home Mortgage

If you want a mortgage loan from a team you trust, you can rely on SouthPoint Home Mortgage, a division of SouthPoint Financial Credit Union. With home loan options to fit every buyer, we’ll point the way home.

Purchasing a home

Are you a first time homebuyer? Maybe you’re a seasoned homebuyer looking to purchase a vacation home or rental property. Wherever you land, SouthPoint Home Mortgage will work with you to ensure you get the best loan option for your needs at a rate you can afford.

Refinancing

Refinancing your home could mean big savings at a lower rate. With a restructured application process, we can get your home refinanced faster than ever before. That means you can pay off your mortgage sooner while lowering your monthly payments. Our Mortgage Loan Officers will work with you to see if the timing is right for you to refinance.

Home Equity

Your home is a powerful asset. If you have an upcoming large expense or are renovating your current home, SouthPoint Financial Credit Union can help you use the equity in your home.

Home Equity Line of Credit

As Low as 2.99% APR* for 12 Months, normal rate as low as 5.00% APR. After 12 months, rate will vary from 5.00% – 18.00% APR.
24-Hour Access; Use Funds for Anything
No Annual Fee
$299 Closing Costs**

Use your line of credit how you see fit, when you need it. Apply Now

What you should know about Home Equity Lines of Credit.
Home Equity Early Disclosures

Home Equity Adjustable Rate

10/1 Home Equity Adjustable Rate
- Fixed percentage rate for the first ten years
- Maximum increase of just 2% per rate adjustment with a lifetime maximum adjustment of 5%
- Ability to borrow up to 90% Combined Loan To Value
5/5 Home Equity Adjustable Rate
- Fixed percentage rate for the first five years
- Maximum increase of just 2% per rate adjustment with a lifetime maximum adjustment of 5%
- Ability to borrow up to 90% Combined Loan To Value

Apply Now

Save for a first home

Start saving today and deduct 100% of your interest earned from your Minnesota taxes. People saving for a down payment on their first home in Minnesota can now take advantage of the First-Time Homebuyer Savings Account. This program lets individuals or couples, parents and grandparents save money in a tax-preferred savings account to go toward the purchase of a first home. Talk with a Mortgage Loan officer or stop into any of our branches to find out more about this savings account.

First-time Homebuyer Savings Account FAQ’s

Disclosures

*APR – Annual Percentage Rate. Promotion valid until June 30, 2019. As low as 2.99% for 12 months from closing date. After 12 months rate will vary between 5.00% – 18.00% based on your creditworthiness. For new HELOCs only. Must maintain a balance greater than zero on the HELOC for the first twelve (12) months If you fail to comply with this criterion the interest rate on your HELOC will increase to the variable rate stated on the Home Equity Line Agreement and Disclosure statement even if the twelve (12) months are not up yet. $299 closing costs may not be available in all states and does not include cost of appraisal. Must carry insurance that secures this plan. Closing costs varies from $0.00 to $1,000.00. Origination fee of $50. Ask a loan representative for details.