Bring Your Dream Home Into View — We'll Guide You Every Step of the Way.
At Blaze, we believe homeownership should start with trust, care, and community. As a proud Minnesota-based credit union, we’re deeply committed to serving our neighbors with the same warmth and integrity that define us as Minnesotans. Every mortgage we offer—whether for a first home, dream home, or cabin up north—is backed by local expertise, competitive rates, and personal guidance from start to finish.
Why Choose a Blaze Home Mortgage Loan
No Origination Fees
Take advantage of a no origination fee1 home loan and save up to $1,695 in fees.
1Offer valid on Primary Residence purchase only. Subject to change or termination at any time. Origination fee will be waived for loan amounts up to $1,500,000. All other fees will apply including third party fees. Loan subject to credit approval. Qualifications apply. Not available in all states. Average origination fee is $1,697. Learn more
Your Loan Stays Local
Our Minnesota-based Blaze loan officers, decision-makers, and servicers make buying and owning a home local and personal.
You'll always know who to contact when you need guidance on the next step of your journey.
1% Down Payment Option
To make homeownership more accessible to first-time homeowners, Blaze offers a unique 1% down payment option. With just 1% down required, you can choose between a 30-year fixed-rate or an adjustable-rate mortgage.
This program is available up to the Fannie Mae conforming loan limit and requires a minimum credit score of 680. The home must be a primary residence and owner-occupied.
Choosing a Mortgage Loan
Blaze offers Fixed-rate and Adjustable Rate Mortgage (ARM) loans with several programs that help make finding your dream home affordable. Your Blaze Mortgage Loan Officer will help you choose the right mortgage for you.
Blaze Mortgage Loan Comparison
| Feature | Adjustable Rate Mortgage (ARM) | Fixed-Rate Mortgage |
|---|---|---|
| Good for | First-time home buyers or if you are planning to stay in your home for only a few years. ARM loans offer a lower initial fixed rate than a traditional fixed-rate loan. After that period, the rate may adjust yearly. |
Predictable loan payments if you plan to stay in your home long term. The interest rate stays the same throughout the life of the loan. This means that your principal and interest payment will stay the same. Fluctuations in market rates over the term of your loan won’t have an impact on your payment. |
| Terms | 30-year 10/1, 7/1, and 5/1 ARM |
30, 20, and 15-year fixed-rate |
| Minimum Down Payment | 5%, 3% for first-time homebuyers, 1% down option. 20% for Jumbo loans |
5%, 3% for first-time homebuyers, 1% down option. 20% for Jumbo loans |
| PMI Requirement | If down payment is less than 20% |
If down payment is less than 20% |
| Loan Origination Fee | Up to $1695 |
Up to $1695 |
| Application Fee | Yes |
Yes |
| Closing Costs | No processing, underwriting, or document prep fees. Third-party closing costs apply, will be estimated after pre-qualification. |
No processing, underwriting, or document prep fees. Third-party closing costs apply, will be estimated after pre-qualification. |
Adjustable Rate Mortgage (ARM)
- Good for
First-time home buyers or if you are planning to stay in your home for only a few years. ARM loans offer a lower initial fixed rate than a traditional fixed-rate loan. After that period, the rate may adjust yearly.
- Terms
30-year 10/1, 7/1, and 5/1 ARM
- Minimum Down Payment
5%, 3% for first-time homebuyers, 1% down option. 20% for Jumbo loans
- PMI Requirement
If down payment is less than 20%
- Loan Origination Fee
Up to $1695
- Application Fee
Yes
- Closing Costs
No processing, underwriting, or document prep fees. Third-party closing costs apply, will be estimated after pre-qualification.
Fixed-Rate Mortgage
- Good for
Predictable loan payments if you plan to stay in your home long term. The interest rate stays the same throughout the life of the loan. This means that your principal and interest payment will stay the same. Fluctuations in market rates over the term of your loan won’t have an impact on your payment.
- Terms
30, 20, and 15-year fixed-rate
- Minimum Down Payment
5%, 3% for first-time homebuyers, 1% down option. 20% for Jumbo loans
- PMI Requirement
If down payment is less than 20%
- Loan Origination Fee
Up to $1695
- Application Fee
Yes
- Closing Costs
No processing, underwriting, or document prep fees. Third-party closing costs apply, will be estimated after pre-qualification.
ARM Relock Guarantee
Relock Your Blaze ARM Loan
Blaze offers a Rate Relock Guarantee for all ARM loans. This guarantee allows you to lock in a new rate at any time without refinancing or requalifying. If market conditions change, you can enjoy peace of mind knowing your rate will remain fixed.
You can relock as often as you like throughout your loan term, as long as your loan is current. The relocked rate will apply to the remaining term and principal balance of your existing Blaze ARM.
Fee is .75% of the unpaid principal balance at time of relock for loans originated on or after October 1, 2025, and .50% for loans originated prior to October 1, 2025. For example, if the unpaid principal balance on a loan originated on or after October 1, 2025, is $200,000, the fee would be $1,500. This fee cannot be rolled into the loan. Contact your Blaze Mortgage Loan Officer for details.
Federal Home Mortgage Programs
HomeReady® Program
The HomeReady loan program assists borrowers with low to moderate incomes when purchasing a home. The program offers a low 3% down payment option, lower rates, and a reduced monthly mortgage insurance payment.
FHA Loan
Federal Housing Association (FHA) program offers a low down payment option. Borrowers with limited credit history are allowed and more lenient qualifying requirements.
FHA loans are serviced by our partner, Servion.
VA Loan
Available for active-duty service members, veterans and their spouses through the Veterans Administration. The VA loan program offers 100% financing and no mortgage insurance requirements.
VA loans are serviced by our partner, Servion.
Home Loan Resources
To Buy or Not to Buy?
If you’re ready to change your living situation, you may be debating whether it’s better to rent or purchase your next home.
Mortgage Application Checklist
Applying for a mortgage takes a lot of documentation. Prepare with this mortgage application checklist.
Buying a Home: Exploring Your Options
Explore your options for buying a home: first-time buyer benefits, best age to buy, building vs. buying, foreclosure auctions, buying with parents, and owner financing.
Additional Loan Options
Jumbo Home Loans
Available for loan amounts above the conforming loan limits. Adjustable Rate Mortgage and Fixed-rate Jumbo Home loan options are available.
Construction Loan
Whether you are considering a new home build or home renovation, our mortgage lenders will keep your project in scope.
Blaze offers a fixed-rate interim construction loan for your primary residence or second home.
Vacation/Second-home Loans
Create lasting memories from your favorite go-to destination. You only have to occupy the home part of the year, but it cannot be a rental property.
We offer competitive second-home loan rates.
Lot Loan
Apply for a lot loan if you are looking to purchase land for future residence construction.
Blaze offers Adjustable Rate Mortgage Lot loans.
Bridge Loan
If you're looking to buy a house but you aren't ready to sell your current home, a bridge mortgage is a great option. Bridge loans enable you to put a non-contingent offer on a house.
Your final mortgage financing must be with Blaze to qualify.
Land Loan
Apply for a land loan if you are looking to purchase land for recreational use.
Blaze offers Adjustable Rate Mortgage and Fixed-rate Mortgage Land loans.
Home Mortgage Loan Rates
Fixed-Rate MortgageRates Effective: 11/24/2025
| Program Name | Rate | APR* | Monthly Payment |
|---|---|---|---|
| 15 Year Fixed | 5.500% | 5.708% | $1449.28 |
| 20 Year Fixed | 5.875% | 6.043% | $1258.1 |
| 30 Year Fixed | 6.125% | 6.254% | $1077.96 |
| 30 Year Fixed - 1% Down Program | 6.250% | 6.380% | $1092.34 |
| 30 Year Fixed Jumbo | 6.250% | 6.292% | $4987.81 |
| 30 Year Fixed - Second Home | 6.375% | 6.522% | $1108.65 |
| Land Loan - 15 Year | 6.750% | 6.971% | $1570.11 |
Adjustable Rate Mortgage (ARM)Rates Effective: 11/24/2025
| Program Name | Rate | APR* | Monthly Payment |
|---|---|---|---|
| 10/1 ARM | 5.750% | 6.960% | $1159.58 |
| 7/1 ARM | 5.500% | 7.124% | $1178.89 |
| 5/1 ARM | 5.250% | 7.283% | $1197.73 |
| 10/1 ARM Jumbo | 5.875% | 5.889% | $4777.97 |
Government Loan ProgramsRates Effective: 11/24/2025
| Program Name | Rate | APR* | Monthly Payment |
|---|---|---|---|
| 30 Year Federal Housing Administration (FHA) | 6.625% | 7.740% | $1252.51 |
| Veterans Administration (VA) | 6.625% | 6.924% | $1155.36 |
*APR = Annual Percentage Rate. Monthly payment examples assume an 75% Loan-to-Value, 780 credit score, and purchase or no cash out refinance. Monthly Principal & interest payment based on loan amount of $175,000 and $806,500 for jumbo loans. Payment estimates do not include taxes and insurance; actual payments may be higher. Maximum loan amount is $1,500,000. Minimum loan amount is $30,000. Property insurance is required. If the loan does not close, the cost of the appraisal will not be refunded. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, occupancy, and other factors so your rate may different.
Adjustable Rate Mortgage (ARM) loans have a variable rate therefore the APR may increase after consummation. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
Meet Your MLO
Meet Your Mortgage Loan Officer
At Blaze, you'll work with a dedicated loan officer based here in Minnesota.
Whether you're looking to understand the process or ready to apply, your loan officer will be with you at every turn.
You can even schedule a virtual meeting with them!
Calculate Your Journey
Use our free, easy-to-use financial calculators to answer common money questions and help you confidently blaze your financial path.
Disclosures
We offer conventional loans in all states except AK, CA, HI, NY, and TX. We offer government (FHA/VA) loans in all states except AK, AZ, HI, MA, NY, RI, VA, VI, VT, or Washington, D.C.
