Flexible, affordable financing.
For home improvements, large purchases, debt consolidation, or other expenses, a home equity loan provides a lump-sum, competitive-rate option secured by your home equity.
Lump sum
Get your funds in a lump sum for the cash you need.
Low rates
Home equity loan rates are lower than with unsecured loans.
Multiple-use property types
Allowable properties include: primary, secondary, recreational, raw land, and investment properties
Flexible terms
Choose from 5, 10, or 15-year terms.
Higher LTV
Up to 90% loan-to-value (LTV) for primary residences and second homes.
Expert local support
From origination through the life of your loan, enjoy a high-success, low-stress experience.
Calculate your monthly payment
Monthly Payment
One and done
Unlike a line of credit, a home equity loan provides funds in a lump sum deposited directly into your account.
Borrow more for less
Funds are secured by your property's value, which lets us offer lower rates than with other personal loans.
Save more
Your loan interest may be tax deductible to help you save even more. You can't deduct interest from credit cards or unsecured loans.
Trust is a top reason members choose Members Mortgage.
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1
Complete an application
Apply online, over the phone, in person, or through video banking.
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2
Get approved
We'll crunch the numbers and let you know if you're approved.
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3
Use the funds
We'll deposit the proceeds in your account after the loan funds.
Have questions? We're here to help!
Low-rate funding for… whatever!
Finance anything from home improvements to unexpected expenses with an affordable home equity loan.
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*MCCU lends to Minnesota and Wisconsin residents only and property used for mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval is required.
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.
Features
Lump sum
Unlike with a line of credit, get the funds you need up front in a lump sum.
Low rates
Because the loan is secured by the equity in your home, you can get much lower rates than other types of personal loans.
Fixed payments
Your payments won’t change over the course of the loan, making it easy to plan and budget.
Tax deductible*
Your loan interest may be tax deductible to help you save even more. You can’t deduct interest from credit cards or unsecured loans!
Low closing costs
Keep more money in your pocket with low closing costs on your MCCU home equity loan.
Flexible terms
You have the power to choose a monthly payment that works for you with flexible terms of 5, 10, or 15 years available.
Up to 90% LTV
Get more funding with up to 90% loan to value (LTV) for primary and second homes.
Low minimums
Don’t need much funding? That’s okay! At MCCU, we offer minimum home equity loans of just $5,000.
High-value loans
You can get higher-than-usual loan amounts, with funding up to $400,000 for primary residences.
Investor properties
Tap the equity of your portfolio with loan amounts up to $50,000 for investor properties.
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