Put the value of your home to good use

Special 1.99% APR* intro rate for 6 months Home Equity Credit Lines. Apply Now!


Access the cash you need now in your home’s equity for

  • Home Improvement
  • Furniture and Appliances
  • Debt Consolidation
  • Education Expenses
  • Weddings and Events
  • And more!

We offer the following options for equity borrowers:

Home Equity Loans and Lines of Credit

Both of these loans allow you to borrow a percentage of your home’s current appraised value, less your first mortgage balance. They both feature competitive rates, no application fee and no closing costs on loans or lines up to $125,000**.  Interest may be tax deductible, however changes to the 2018 tax code effect deductibility!***

Home Equity Loans feature

  • Loans up to $125,000
  • Borrow up to 80% of the appraised value of your property 
  • Fixed rate/fixed payment

Home Equity Lines feature

  • Lines up to $300,000
  • Borrow up to 80% of the appraised value of your property
  • No payments until you use the line. 15 year repayment term after draw period
  • Introductory rate for loans up to $175,000
  • Option to access funds for 5 or 10 years
  • Option for interest-only payment for up to 10 years

Equity Edge Loans

Edge Loans do not require that you have any equity in your loan, but good credit.

Equity Edge Loans feature

  • Loans up to $30,000
  • Equity in your home not required 
  • No appraisal or application fee


What is Equity?

Equity is the difference between your home’s market value and your current mortgage balance. If, for instance, the marketing value of your home is $150,000 and your mortgage balance is $100,000, your equity is $50,000. You can put this equity to work with a low-cost credit union loan.


*APR = Annual Percentage Rate. Offer valid for approved applications received on or after April 15, 2018. Promotional offer subject to change or terminate at the discretion of MHV. All loans are subject to a maximum loan to value of 80%. MHV will pay select closing costs on loan amounts up to $125,000. Closing costs may be recaptured if the loan is closed/terminated within the first three years. Offer not available for Equity Edge. Home Equity Line of Credit, maximum line amount of $175,000, promotional APR will terminate at the end of the promotional period and your variable rate will be determined by indexing the Prime Rate published in the Wall Street Journal the third Friday of February, May, August and November minus .25% and will be noted on your monthly statement. Prime Rate minus .25% is 4.50% as of 3/22/2018. Maximum rate is 18%. Advertised rate based on credit qualifications. For Home Equity Loan, rate reflects .25% discount for automatic payments from your MHV savings or checking account. Additional terms and conditions may apply. See Branch or call for details. **Rates, terms and conditions are subject to change without notice. Loan subject to credit approval. 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 twelve months. ***See your tax advisor for details.