Fixed Rate/Term Home Equity Loan

1. For large, one-time purchases such as:

• Home Improvements
• Autos, RVs, Boats
• Furniture and Appliances
• Weddings
• Land

2. For debt consolidation, to reduce your rate and lower your monthly expenses

Benefits of Fixed Rate/Term Home Equity Loan :

• Loans up to $125,000
• Borrow up to 90% of the appraised value of your property (Up to 100% in some cases)
• No application fee
• No closing costs*
• Fixed rate/Fixed payment
• Shorter term = Lower rate
• Terms up to 20 years
• Competitive rates

Before applying you must download, print and read When Your Home Is On the Line and by continuing you acknowledge that you have done so. Continue to Home Equity Loan Application. (Click here to print a pdf version.)

Revolving Home Equity Line of Credit
(The New DEAL - Dependable Equity Access Line)

1. For expenses which will occur over a longer period of time

• College Tuition
• Major Home Improvements

2. As instant credit for unexpected opportunities or unforeseen emergencies

Benefits of a Revolving Home Equity Line of Credit:

• Lines up to $300,000
• Borrow up to 90% of the appraised value of your property (Up to 100% in some cases)
• No closing costs on lines up to $125,000*
• No payments until you use the line
• Introductory rate for loans up to $175,000
• Access funds for 5 or 10 years
• Interest-only payments for up to ten years
• 15 year repayment term after draw period
• Competitive rates

Click here to apply for a Home Equity Line of Credit.

Equity Edge Loan

1. When you have little or no equity in your home, but have excellent credit

2. For large expenses like those listed for a Home Equity Loan

Benefits of an Equity Edge Loan:

• Equity in your home not required
• Borrow from $2,500 to $30,000
• Choice of 3, 5 or 10 year term
• No appraisal
• No application fee
• No closing costs*
• Competitive rates

Before applying you must download, print and read When Your Home Is On the Line and by continuing you acknowledge that you have done so. Continue to Equity Edge Loan Application. (Click here to print a pdf version.)

Please call 800-451-8373 or e-mail ContactUs@mhvfcu.com for more information.

* Closing costs paid by the Credit Union may be recaptured if: (1) Line/loan is closed/terminated within the first three years. (2) Equity Edge Loan is closed/terminated within the first six months.