Fuel Your Next Dream With Equity

*APR=Annual Percentage Rate

(STANDARD PROMOTION) Borrowers with credit scores of 620 - 719 1^st or 2^nd lien position may receive an intro 6.250% fixed APR for the first 12 months with a maximum 80% Combined Loan-to-Value (CLTV). An immediate draw of $25,000 will be required at closing.

​(2^nd LIEN SPECIAL PROMOTION) Borrowers with credit scores of 720 and above 2nd lien position may receive an intro 5.99% fixed APR for the first 12 months with a minimum loan amount of $25,000 and maximum 75% Combined Loan-to-Value (CLTV) with a required initial draw depending on the approved loan amount. The initial draws are as follows: ​​

(1^st LIEN SPECIAL PROMOTION) Borrowers with credit scores of 720 and above 1st lien position may receive an intro 5.49% fixed APR for the first 12 months with a minimum loan amount of $25,000 and maximum 75% Combined Loan-to-Value (CLTV) with a required initial draw depending on the approved loan amount. The initial draws are as follows: ​

1) For a $25,000-100,000 loan requires a minimum draw of $25,000.​

2) Loan amount between $100,001 - $250,000 requires a minimum draw of $50,000.​

3) Loan amount between $250,001 - $500,000 requires a minimum draw of $100,000.​

Minimum draw at closing required.

ALL PROMOTIONAL RATES​

The introductory APR is fixed for one year (twelve months). After the initial 12-month period, the standard APR becomes variable, adjusting based on the Wall Street Journal Prime Rate plus an applicable margin. Subject to creditworthiness.​

Not all applicants will qualify for the lowest rate and may be offered credit at higher rates and other terms based on creditworthiness. A HELOC has a minimum APR of 3.00% and a maximum APR of 18%. The Prime Rate is 6.75%.​

Covered closing costs will be paid by MCU but must be repaid by the borrower(s) if the HELOC is closed & satisfied within first 36 months of account opening. Closing costs paid by MCU include the initial valuation source, property report, lien search, credit report and flood zone certification. These fees generally range between $500.00 and $10,500.00 depending on the line amount, property value, and/or property type. Borrower(s) have the option to have the mortgage recording fee and mortgage transfer taxes paid by MCU at closing for an additional .500% to their introductory rate and fully indexed rate for the term of the loan, but must be repaid by the borrower(s) if the HELOC is closed and satisfied within first 36 months of account opening.​

Home Equity Lines of Credit have a draw period of up to 10 years with interest only payments. After the 10 year draw period, it enters a 20-year repayment period with principal and interest payments.​

Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements, and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. HELOCs are secured by a mortgage on your residence. Co-ops and investment properties are not accepted. Property insurance is required. Flood insurance may be required if the property is located in a flood zone. Certain restrictions may apply. Membership is required.