With a MCCU home equity line of credit (HELOC), you’ll have a flexible cash source with a lower interest rate than credit cards or other loans.

Enjoy the peace of mind that comes with access to:

• A line of credit with a fixed 1.99% APR intro rate for 6 months¹


• Borrow up to 80% of your combined loan to value


• No closing costs or annual fees²


• Low interest-only minimum monthly payments for the first 10 years


• Easy access to funds


• Interest may be tax-deductible (consult with your tax advisor)

With our HELOC, you can borrow as little as $30,000 or as much as $500,000.

Find out more about our HELOC now and apply today!

¹ The MCCU Home Equity Line of Credit (HELOC) is an adjustable rate loan. The introductory discounted rate of 1.99% APR (annual percentage rate) is fixed for the first 6 months (180 days) after which the rate converts to the then current Prime Rate (the Index) plus your Margin and is then variable and subject to change. The current 5.99% APR is accurate as of 9/1/2019 is subject to change, and is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80%. It is a variable rate of Prime +.74%, based on the Prime Rate as published in the Money Rates table of the Wall Street Journal. The quoted rate is based on 740 or higher FICO Credit Score. The maximum APR is 11.99%. The HELOC term is 25 years (10-year draw period). Minimum credit limit is $30,000; Maximum $500,000. Property Insurance and a lien are required on the subject property. MCCU membership required.

² Fees range from $1,000 to $2,500, based on amount borrowed. Fees are waived with minimum $30,000 draw and if HELOC remains open for a minimum of 36 months, otherwise it will be required to pay fees at time of loan payoff.

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