Products & Services

Home Equity Loans

MCU offers two Home Equity products that allow you to use the equity or value of your home as collateral. Enjoy the flexibility of a Fixed Home Equity Loan or a variable Home Equity Line of Credit (HELOC) to help you achieve goals like home renovations, college tuition payments, debt consolidation and other large purchases.

A variable, revolving Home Equity Line of Credit (HELOC) gives you the ability to borrow as much or as little as you need during your draw period. Like a credit card, the amount available to borrow is replenished as you pay your outstanding balance.

Features & Benefits:

  • Rates as low as Prime
  • Line of Credit up to $500,000 and for 10 years
  • Up to a 20-year repayment term
  • 1 – 4 family “Owner Occupied” Residential Properties and Condos only
  • Financing available in New York and New Jersey

With a low rate Fixed Home Equity Loan, you borrow an amount in a lump sum and pay it back with stable and predictable payments over the term of the loan.

Features & Benefits:

  • Fixed interest rate
  • 10,15 and 20 year fixed terms
  • Receive the amount borrowed in one lump sum
  • Borrow up to 80% of the available equity in your home up to $500,000
  • A good option for major projects and one-time expenses.

Visit our Rates page for more information

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Routing Number: 226078036

  • ncua Federally insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.