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Smart Home Smart Loan

Finance your new home with SouthPoint! $1,000 maximum closing costs+


Big dreams start at home

This is a great time to become a first-time homebuyer. Why? Because your SouthPoint Financial Credit Union membership gives you access to some of the best rates and home loan options around, including 15- and 30-year mortgages. We’re here to help you finance a home you can afford.

A new way to 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

Product Loans Interest Rate APR*
The SouthPoint Difference
  • Special first-time homebuyer rates
  • Easy application
  • Low down payments
  • No Private Mortgage Insurance (PMI) required for loans with 10% down
  • Maximum closing costs of $1,000
  • See How it works
  • See All Home Lending Rates
15 Year First Time Home Buyer Real Estate**
30 Year First Time Home Buyer Real Estate**

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