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Home Equity Loans and Lines

Turn your home into your haven

4.6 out of 5 stars

935 reviewers rate us 4.6 out of 5 stars on Google*

Keep It Simple

  • No closing costs

    $0 closing costs^

  • Fixed rate

    Fixed rate on loans, low introductory rate on lines

  • Flexible terms

    Flexible terms up to 20 years

3.99% APR**

HOME EQUITY LINE OF CREDIT

6-months introductory rate   

6.50% APR***

HOME EQUITY LOAN

on a 5-year term  

The world feels chaotic. Your home should feel like a refuge.

And you’ve got options to make that happen.

Home Equity Line of Credit

Access funds as you need them

Low introductory rate with a variable rate thereafter

Borrow up to 80% of your home's value

Best for ongoing projects or as an emergency fund

House

Home Equity Loan

Receive a lump sum

Closed-ended term with a fixed rate

Borrow up to 80% of your home's value

Best for a large purchase, project, or debt consolidation

House

YOUR HOME EQUITY EXPERT is READY 

This form is the only thing between you and creating your at-home haven. Work with an expert who’s part of a team with almost 100 years combined experience.

*As of 5/30/2024 

**APR = Annual Percentage Rate. Promotional APR available for HELOCS up to $175,000 and will terminate at the end of the promotional period. Non promotional rates are variable and subject to credit qualifications and will be indexed to the Prime Rate published in the Wall Street Journal the third Friday of February, May, August and November (8.5% as of 11/17/2023) and a) less .25% for lines less than $175,000, b) plus .75% for lines of $175,001 to $250,000 and c) plus 1.25% for lines of $250,001 to $300,000. Rates take effect the first day of the following quarter, subject to a net maximum change of 3% and a maximum APR of 18%. Promotional offer subject to change or terminate at the discretion of MHV. Offer not available for Equity Edge or Home Equity Fixed Rate Loans. Additional terms and conditions may apply. See Branch or call for details.
***APR=Annual Percentage Rate. Rates effective as of 10/3/23. Rates are subject to change without prior notice and apply to 1 or 2 family, owner-occupied residences. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Receive a .25% reduction on your Fixed Equity Loan rate when you set up automatic payments from your MHV savings or checking account. Your rate may vary. Closing costs paid by the Credit Union may be recaptured if loan is closed/terminated within the first three years on loan amounts up to $175,000. For example: 60 monthly payments of $19.57 per $1,000 borrowed at 6.50%. Payment example does not include amounts for taxes and insurance premiums. Actual payment obligation may be greater.
All closing costs on loans/lines up to $175,000 are paid by the Credit Union and may be recaptured if loan is closed/terminated within the first three years on loan. For lines over $175,000 Mortgage Tax and Title Insurance are paid by the member and all other closing costs are paid by the Credit Union and may be recaptured if loan is closed/terminated within the first three years. 

MHVFCU NMLS # : 411955