Loan for disaster relief. we're here for you.

Recovering from the widespread storm damage in Bemidji and the surrounding Beltrami county area is going to be a community effort. We’re here to help you rebuild. 

Our fixed rate, home equity loan* can help homeowners repair, rebuild, remove, and recover, with a competitive rate – and for a limited time, we are waiving the closing costs or appraisal fees for qualified borrowers.

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Kelly, an Affinity Plus member, in front of a home with solar panels.
Kelly, Affinity Plus Member

Home Equity Loan for disaster relief.

The Home Equity Loan is a fixed-rate; closed-end 2nd mortgage:

Great Rates

Qualified borrowers will receive a promotional rate discount of 1% off the qualifying Annual Percentage Rate (APR). Current APRs are between 5.490% and 5.740%.**

Up to $25,000

Borrow up to a maximum $25,000 and up to 100% combined loan-to-value (CLTV) of the home.

Flexible Terms

Flexible repayment terms of 5 and 10 years.

Waived Fees

Closing costs and appraisal fees are waived for this loan.***

Eligibility Requirements

To qualify for the promotion, eligible borrowers must:

  • The loan must be secured to an owner-occupied residential property and/or second home (Non-investment property)
  • Provide proof of disaster impact
  • Must not have active delinquent payments on existing mortgage(s) and property taxes (prior to disaster)
  • Must reside in a declared disaster area: 56601: Bemidji; 56619: Bemidji; 56647: Hines; 56663: Pennington; 56667: Puposky; 56683: Tenstrike; 56687: Wilton; 56676: Shevlin; 56678: Solway; 56633: Cass Lake
  • Standard underwriting guidelines apply
  • Promotion expires on 8/31/2025

 

Let's Work Together

Recovering from the June 21 storms will take all of us working together, but we know Bemidji and Beltrami County can build back better than ever. Let’s get started.

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Good to Know
*Home equity loans are secured by a second-position mortgage lien on the property. No down payment is required. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Homeowner's property insurance is required, and flood insurance may be required. New or existing Affinity Plus membership is required. All loans subject to approval and standard underwriting guidelines.  

**A promotional rate discount of 1% will be granted to qualified applicants and will apply for the full term of the loan. No additional discounts will apply. 

***Affinity Plus will waive the closing costs and appraisal fee for qualified applicants during the promotional period. 

Payment Example: A loan for 10 year term for $25,000 at 4.74% APR (includes the 1% rate discount) is a monthly payment of $262.06.

Promotion expires on 8/31/2025.