Our branch lobbies are now open with limited hours and new lobby procedures. Please visit our COVID-19 information page for additional information.
Due to scheduled maintenance, the Mobile Check Deposit feature on our Mobile App will be intermittently unavailable on Sunday, September 20th from 7:00am through 2:00pm.
Home Equity Loans
No Closing Costs*
Today’s Home Equity Rates
5 Year Term
4.375%
Interest Rate
4.375%
APR*
LOANS UP TO $175,000
BORROW UP TO 90% LTV*
15 Year Term
5%
Interest Rate
5%
APR*
LOANS UP TO $175,000
BORROW UP TO 90% LTV*
Ready to Speak with a Home Equity Expert?
What are the Benefits of a Home Equity Loan?
No Closing Costs
Enjoy absolutely no closing costs on Home Equity Loans under $175,000.
Quick Closings
Typically, you will be able to close on your Home Equity Loan within 30 days of your application
Flexible Terms
Home Equity Loans are available with 5, 10, 15 or 20 year terms and amounts from $25,00 to $300,000.
Fixed Rate
With a fixed loan rate, you don’t have to worry about fluctuations in the prime interest rate impacting your monthly payment.
How Do I Get a Home Equity Loan in 4 Easy Steps?
4
Close
The last step is to finalize all of the documents for your loan. You can either complete the process in a branch, or you can sign most documents electronically ahead of time at your convenience. This will help ensure a much faster closing.
Read the Ultimate Guide to Home Improvements
Smart Tips for Home Improvements
Download our free guide, “Your Guide to Home Improvements”, to help you get started planning your next project.
Find your Home’s Value
Your home’s value is an estimation of how much it would sell for, if you sold it right now. Knowing your home’s value will help you determine how much equity you may have built up. Use the Home Value Tool to estimate the current value of your home, but keep in mind a formal appraisal may be required.
Find your Home’s Value now.
Calculate Your Home Equity Loan Payment
Use our Home Equity Loan Calculator to estimate your home equity payment based on the amount you want, desired term and interest rate. Understanding how much your monthly payment will be can help you determine a loan amount you can afford.
How to Apply for a Home Equity Loan
With over 100 years of combined experience, our Mortgage experts will help guide you through the entire Home equity process.
GET STARTED IN 60 SECONDS
See What the Mid-Hudson Valley has to say About us
When we were looking for a Home Equity product to finance our son's college education, we did do comparison shopping in the area. Working with the MHV staff was such a pleasant experience. The electronic pre-closing and final closing made the whole process a breeze. MHV truly understands the needs of families, the flexibility and features of their Home Equity products are much better than similar products available from other financial institutions in this area.
Man Mohan Singh
My experiences with MHV has been great! The I recently applied for a Home Equity loan. The service was wonderful! Everyone that handle my loan was courteous, everything was explained no matter how many question I asked.
Anna Wilson
*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 $18.70 per $1,000 borrowed at 4.625%. Payment example does not include amounts for taxes and insurance premiums. Actual payment obligation may be greater.