Man working on home improvements


A Home Equity Loan is a loan that is secured by the equity you have in your home. Your home’s equity is the amount of home you actually own. In other words it's the current value of your home minus the amount you still owe on your home. Because a Home Equity Loan uses the equity in your home as collateral, it often allows you to borrow a larger amount than a Personal Loan. Home Equity Loans are different than Home Equity Lines of Credit.

Don’t have equity in your home? Don’t worry! Read about our no equity Equity Edge Loan


Fixed Equity Loan (5 Year)

6.5% Interest Rate

6.5% APR*

LOANS UP TO $175,000

Fixed Equity Loan (15 Year)

7% Interest Rate

7% APR*

LOANS UP TO $175,000


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    Fixed Rate

    With a fixed rate, you don’t have to worry about fluctuations in the prime interest rate impacting your monthly payment.
  • Flexible terms icon

    Flexible Terms

    Home Equity Loans are available with 5, 10, 15 or 20 year terms and amounts from $25,000 to $300,000.


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    Higher Loan Amounts

    Access larger amounts of money for big purchases or major projects.
  • No closing costs icon

    No Closing Costs^

    Enjoy absolutely no closing costs on Home Equity Loans under $175,000.

Renovation Financing: Buy The Fixer-Upper

Sometimes the house you want – or the only one your budget allows – needs a little love. With Renovation Financing, you may be able to roll a renovation loan into your mortgage. This unique solution means you get to buy the home and pay for the work it needs…while still only paying one mortgage payment a month.

Talk to a Mortgage Expert today to find out if your purchase could qualify for renovation financing.

Home Renovation Financing: A Young Couple Purchases the Fixer-Upper

4 steps to get started

  1. 1

    Choose a Home Equity Loan or Line of Credit

    We can guide you through the benefits of a home equity loan versus a line of credit to help you decide on the best option.
  2. 2


    Use the calculator below to estimate your monthly payment. It is a great tool to compare with your current monthly payments.
  3. 3

    Get Prepared & Apply

    There are a few ways you can get prepared. You can rely on expert guidance to navigate everything you have to consider.
  4. 4


    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.

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.

Meet our Home Equity experts

With over 100 years of combined experience, our  experts will help guide you through the entire home equity process.

Bill Walsh

Bill Walsh

Mortgage Originator

Phone: 914.474.5194
Email: [email protected]

Branches Covered:
Red Hook, Rhinebeck, Poughkeepsie & Putnam County
NMLS #: 454307

Visit Bill's Website 

Guy Greco

Guy Greco

Mortgage Originator

Email: [email protected]

Branches Covered:
Kingston, Saugerties, Woodstock & Hurley Ave.
NMLS #: 2213002

Visit Guy's Website

Danielle Crossen

Danielle Crossen

Mortgage Originator

Email: [email protected]

Branches Covered:
Highland & Port Ewen
NMLS #: 1678247

Visit Danielle's Website

Tom Mchugh

Tom McHugh

Mortgage Originator

Phone: 845.363.8993
Email: [email protected]

Branches Covered:
LaGrange, Fishkill,
Putnam & Westchester Counties
NMLS #: 697524

Visit Tom's Website
Denise Quinn

Denise Quinn

Mortgage Originator

Email: [email protected]

Branches Covered:
Middletown, Rockland & Sullivan Counties
NMLS #: 454310

Visit Denise's Website

Jose Ortiz

Jose Ortiz

Mortgage Originator

Email: [email protected]

Branches Covered:
Peekskill & Westchester County
NMLS #: 724128

Hablo español

Visit Jose's Website

Rick Farrow

Rick Farrow

Mortgage Originator

Email: [email protected]

Branches Covered:
Newburgh & Rockland County
NMLS #: 800674

Visit Rick's Website

Ready to Get Started?

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. 


Flexibility + Features

  • 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 M.-S.
  •  I recently applied and received a home equity loan at the Hurley Ave branch. Sean, loan contact and Wendy, branch manager made my experience so easy and effortless. Kept me updated with very friendly service. Definitely my choice for all my banking needs.
    Patricia O.

Commonly Asked Questions About HOme Equity Loans

  • Please visit our Rates page for our current rates

  • An Equity Edge loan allows you to use your home to secure a loan before you’ve built up equity. Equity Edge loans often have a lower rate than a Personal Loan. Please visit our Equity Edge page for details. 

    For more information or to schedule an appointment with a Mortgage Originator please call us at 845.336.4444.

^Closing costs paid by the Credit Union may be recaptured if loan is closed/terminated within the first three years on line 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.