Let MAFCU help you tap the equity in your home to make home improvements, consolidate debt, pay for tuition, to purchase an automobile, or for any other purpose. Contact us today to discuss which option is right for you!

Home Equity Lines of Credit

• Variable Rates as low as Prime - 0.50%.*
• Credit lines based on up to 80% of the equity in your house minus the first mortgage
• No Lender Fees! **
• Minimum line of credit of $10,000; No maximum.
• Free checks for convenient access to your line of credit.
• Closing can be scheduled in as little as 24 hours.
• Payments based on principal and interest.
• Monthly payment based on 15 or 20 year terms.
• Convenient 24-hour access to loan information through our ATMs, Online Banking, and MATT, our Member Access Telephone Teller.
• Apply online or contact our Member Service Center by phone 24 hours a day!

EZ Equity Loan

• Low fixed Rates with 80% LTV*
• Borrow amounts from $5,000 to $50,000.
• Payments based on principal plus interest.
• Closing can be scheduled in as little as 24 hours.
• 5 year term.
• No Lender Fees **
• Convenient 24-hour access to loan information through our ATMs, Online Banking, and MATT, our Member Access Telephone Teller.
• Apply online or contact our Member Service Center by phone 24 hours a day!

Home Equity Loan

• Competitive fixed Rates.*
• Credit lines based on up to 80% of the equity in your house minus the first mortgage
• A fixed term with a fixed limit.
• No Lenders Fee!**
• Minimum loan of $10,000; No maximum
• Closing can be scheduled in as little as 24 hours.
• Terms from 15 to 20 years.
• Convenient 24-hour access to loan information through our ATMs, Online Banking, and MATT, our Member Access Telephone Teller.
• Apply online or contact our Member Service Center by phone 24 hours a day!

We suggest you contact your tax consultant for details on tax deductibility.
Home Equity loans are available on properties in the following states:  DC, MD, VA, WV, SC, NC, FL and PA.

To calculate your maximum home equity line of credit amount, use the worksheet below.

Calculate Your Equity

Estimate the value of your home $

Multiply by 80%

Total $ 0

Subtract present 1st mortgage balance $

Maximum loan amount $ 0

Apply online or contact our Member Service Center by phone 24 hours a day!

*Rates are subject to change monthly. Rate is based on Citigroup's Prime Lending Rate as of the 25th of the preceding month, effective on the 1st day of the following month. Rates are based on an evaluation of each applicants credit.

** Loan must remain outstanding for at least 36 months (12 months for EZ Equity loans). If paid off prior to 36 months (12 months for EZ Equity loans), settlement cost paid by the credit union will be added back into the loan payoff amount. Properties outside of the area may have higher settlement costs which you may be required to pay.

Homevaluebot

Interested in your home's value? Find it FREE with MAFCU.

Just click here to get your home value instantly. It's free, secure and private. Don't wait any longer to see what your home is worth in today's market. This is provided as a community service by MAFCU.

HomeValuebot is an independent organization that provides home value estimates via the Internet. Value ranges estimate what a residential property would probably sell for under normal market conditions, based on the data provided and available. Neither HomeValuebot nor your credit union make any representations or warranties to the accuracy and completeness of the Home Value estimates, or the public record data used to provide the Home Value estimates. Your credit union makes no commitment whatsoever to use the information provided for any lending purpose