Home Loans
Our members get great home loan rates* and none of the gotchas. It's just the way we treat our members and get the job done. See what we can do for you and your dream house.
*With approved credit. Some restrictions may apply.
Loan Programs
Fixed Rate Mortgage (FRM): With a fixed rate mortgage you have the comfort of knowing your payment and interest rate will never change. The interest rate remains fixed throughout the life of the loan.
Adjustable Rate Mortgage (ARM): This mortgage has a rate that is tied to an index and is subject to change periodically depending on which ARM program best fits your needs.
Jumbo Loans: A loan above $417,000. The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation set these limits. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.
Home Equity Line of Credit (HELOC): This loan lets the equity in your home work for you. You can borrow up to 80% of the equity in your home, which is determined by a current appraisal or county assessment. The line of credit is open for 10 years with the option to renew. You can access your funds by simply writing a check directly from the line of credit, MCU Call24, MCU@Home, and through the teller line.
More Convenience
Since MCU retains the servicing of your loan, it's easy to make your loan payment and check your balance. Using MCU@Home, you can make your payments and check your balance 24/7 or, if you prefer, your payment can be automatically deducted from any share account — whether it's at MCU or at another financial institution in the United States.