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Big Plans
Whether you're dreaming of an updated kitchen or need to expand your home's size to fit your growing family, tapping into your home's equity can provide the financial flexibility you need to turn your house into your home.
Smart Financing
Two options to best fit your plans.
6.50% APR*
HOME EQUITY LOAN
on a 5-year term
3.99% APR**
HOME EQUITY LINE OF CREDIT
6-months introductory rate
Keep It Simple
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$0 closing costs^
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Flexible terms up to 20 years
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Fixed rate on loans, low introductory rate on lines
Discover what’s possible with your home’s equity today
Submit the contact form and your home equity expert will get in touch. Together you'll discuss your options and identify the best solution for you.
1As of 3/27/2025
*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.
**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 (8.0% as of 9/19/2024) 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.
^ 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.
***Consult a tax advisor.
MHVFCU NMLS # : 411955