Tap into Your Home's Equity

Receive a lump sum payment to make the impossible possible.

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Need Cash Now? Take Advantage of Your Home’s Equity.

If you live in New York, New Jersey, Pennsylvania, Connecticut and are looking to consolidate debt, cover a major project or a large, one-time expense, an MCU Home Equity Loan may be a good choice for you. Unlike a HELOC, this type of loan provides you with a lump sum and fixed interest rate.

Features & Benefits

Receive 1 single lump sum
Fixed Rates
Flexible 10, 15 or 20 year terms
Borrow up to 80% of the available equity in your home—up to $500,000
Available on properties in NY, NJ, CT & PA (Single Family Residence, 2-4 Family Residence and Condominium ONLY)

View Home Equity Rate Disclosures

*APR = Annual Percentage Rate. 

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on a loan amount of $500,000, a property value of $625,000 (reflecting an 80% loan‑to‑value ratio), and a credit score of 780. Estimated payment amount and repayment periods are referenced on the above rate tables. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

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Home Equity Fixed Rates

Compare current rates for our mortgage and home equity products.

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What You Need to Apply

Applying online is easy, but to make the process even easier, here is a list of information to come prepared with:

Social Security number.
Any existing debts or support obligations (such as alimony, child support, or existing liens on your home).
Employment and income history as well as pay stubs and employer’s contact information.
Proof of homeownership (in NY, NJ, CT & PA only), home insurance, and current mortgage statement.

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Check Out Other MCU Home Equity Loan Solutions and Choose What’s Best For You!

Home Equity Line of Credit (HELOC)

Choose to spend as much or as little as you need with a variable, revolving Home Equity Line of Credit (HELOC). Like a credit card, you’ll be approved for more borrowing as you make payments toward your outstanding balance.

Learn More

Home Improvement Loans

The Heroes Home Improvement Loan is designed to make home improvement projects more accessible and affordable—helping homeowners transform their living spaces with flexible loan terms, low fixed interest rates, and access to up to $50,000 in funds.

Mortgage Loan Officer

NMLS ID 725227

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Ronald Henry

Mortgage Loan Officer

NMLS ID 266523

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Tap into Your Home's Equity