Home Equity Loan
Put your home’s equity to work with an MHV Home Equity Loan featuring predictable payments for home improvements, major expenses, debt consolidation, and more.
second mortgage, HELOC
A lump sum, a fixed plan.
Get the full amount up front with a fixed rate and predictable monthly payments — perfect for a one-time project or a large, planned expense.
Why choose an Equity Loan
Lump Sum Up Front
Receive the full amount at closing — ideal for a known, one-time cost.
Fixed Rate
Your rate never changes, so your payment stays the same every month.
Predictable Payments
Budget with confidence over a set repayment term.
Consolidate Debt
Combine higher-interest balances into one fixed monthly payment. Consolidating may lower your payment but could increase the total interest you pay over time.
Use Your Equity
Put the value you’ve built to work for renovations and major expenses.
Member-First Rates
Competitive pricing backed by a not-for-profit credit union.
How it works
Apply:
Get Approved:
Receive Funds:
Repay:
Meet Our Home Equity Experts
Our home equity specialists will help you put your home’s equity to work for whatever comes next.
Bill Walsh
Branches Covered:
Michael Riger
John Reidy
Denise Quinn
Branches Covered:
Tom McHugh
Dan Lusignan
Guy Greco
Branches Covered:
Rick Farrow
Branches Covered:
Shawn Simmons
Compare your home equity options
A home equity loan provides a fixed lump sum for one-time needs — but a HELOC or equity edge loan may fit better depending on your needs.
Commonly asked questions
A home equity loan gives you a single lump sum with a fixed rate and payment. A HELOC is a revolving line you draw on as needed, usually with a variable rate.
Common uses include home renovations, debt consolidation, education, or other major planned expenses.
It’s based on your home’s value and your remaining mortgage balance — the equity you’ve built. Our team can help you estimate it.
Yes. With a fixed rate and term, your monthly payment stays the same for the life of the loan.
Disclosure: Rates and terms vary. Click below for current rates, terms, and conditions.