Best bank/credit union to work with in Minnesota

[Ilya Plugovoy]

Hey all. I am new to BP and MN. Moved here from CA 3 years ago for work and have been looking to get into real estate investing. I've been doing lots of research and was thinking that the best way would be to get a HELOC for the downpayment and then go from there. From my research so far, I found I could get a HELOC from Affinity Plus at 90% ltv with a current rate of 2.5%. That is the lowest I have seen. But my question is if this is a good credit union to work with and has anyone worked with them? Or are there other banks/credit unions that y'all had enjoyed working with.

[Pavel U.]

I work with Merchants Bank (Rosemount or Apple Valley). HELOC on Investment Property:

>=700 (credit score), <=80% LTV the rate would be Prime - .25%
>=700 (credit score), 80.1% - 90% LTV the rate would be Prime + .50%
>=700 (credit score), >90%, the rate would be Prime + 1.75%

30 years; the first 10 years is the draw period, the remaining 20 years is the repayment.

Annual fee $25.