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Empower Your Homeownership Journey with Expedition CU

Mortgage Loans Home Equity Loans Home Equity Line of Credit

Home Mortgage Loans

Be your own landlord! Turn your rent payments into equity and pave your way toward financial freedom.

  • Competitive Low Rates: Save with low rates for home purchase, refinance, or construction.
  • Flexible Options: Available for primary residences, second homes, vacation homes, or investment properties.
  • Customized Terms: A wide range of terms tailored to your unique financial situation.
  • Local Processing: Our lenders are familiar with the Minnesota area housing market and offer personal and efficient service from start to closing.
  • Trust: Endorsed by your credit union and Education Minnesota ESI.

We've partnered with Tradition Mortgage, based in the Twin Cities, to bring you top-notch mortgage financing options.

Tradition offers competitive rates and diverse plans to ensure affordable payments. Connect with a Tradition Mortgage loan officer to get started. Finding your family's dream home at an affordable rate is easier than you think!

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Financing programs available

  • Fixed rate mortgages
  • Adjustable rate mortgages (ARMs)
  • USDA Rural Housing Loans
  • FHA Loans
  • VA Loans
  • First Time Homebuyer
  • Construction Loans

To check rates or start an application, contact Tradition Mortgage directly at 952-252-4654, or apply online.

Tradition Mortgage, LLC. has a business relationship with Expedition Credit Union. Because of this relationship, doing business with Tradition Mortgage, LLC may provide Expedition Credit Union a financial or other benefit. You are not required to use Tradition Mortgage, LLC. as a condition of the settlement of your loan on the property or as a condition of your purchase or sale of the Property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. All loan applications are subject to credit approval. Criteria for this may include 720 Minimum FICO Credit Score, Maximum Loan-To-Value 80%, and Maximum Debt-To-Income Ratio of 45%. Tradition Mortgage NMLS# is: 286998

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Home Equity Loans

Tap into the equity in your home for financing home improvements and add even more value to your investment. Property must be located in MN to qualify.

  • Competitive rates for every need:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • Low, fixed rate and no annual fees
  • Flexible repayment terms
  • Local processing in Minnesota for better efficiency
  • Personal service from start to finish

NMLS: 719252

PLEASE NOTE: We are only able to do Home Equity Loans for properties located in MN.

Home Equity Line of Credit

Just like a home equity loan, a HELOC uses the equity you've built within your home as collateral to secure affordable financing. But as a revolving line of credit, you can repeatedly tap into your HELOC without having to reapply — perfect for ongoing personal projects or as an emergency cash reserve. Property must be located in MN to qualify.

Ideal for several ongoing or seasonal needs:

  • Major life events
  • Major home improvements
  • Debt consolidation
  • Emergency reserve
  • And much more!

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PLEASE NOTE: We are only able to do HELOC Loans for properties located in MN.

Features

The existing equity in your home is used as collateral backing
Competitive Rates: Enjoy low and flexible rates tailored to your needs.
Accommodating repayment terms that work uniquely for you
Funds available anytime without reapplying; apply once, then use repeatedly thereafter
Revolving credit – as principal is repaid, more becomes available for use
Funds easily available via check or requested transfers to a specified Expedition CU checking account
Set up automatic payments to be deducted from your account monthly
Local processing in Minnesota for better efficiency
Personal service from start to finish

NMLS: 719252

Frequently Asked Questions

We offer Home Equity Loans, Home Equity Lines of Credit (HELOCs), and also offer Home Mortgages through our trusted partners at Tradition Mortgage to suit your unique financial needs.

You can apply for a home loan online by clicking the "Apply Now" button on our page or visit any of our branch locations. We also offer pre-approval options to help you shop confidently. To apply for Home Mortgages through Tradition Mortgage, please click the links from the Home Mortgage Loans section.

Eligibility is based on your credit history, income, employment status, and the amount you wish to borrow. The value of the home is also taken into consideration. Our team is here to guide you through each step.

Yes, we offer refinancing options to help you secure better terms, lower interest rates, or adjust your repayment schedule.

Our streamlined loan process is designed to be efficient with an answer typically made within 1 business day of submitting an application. Home Mortgage applications through Tradition Mortgage may take longer. Throughout the process, we work closely with you to ensure a smooth and transparent experience.