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Home Equity/Home Improvement
Whether you're a Montgomery County homeowner looking to tap into the equity you've built up over the years or a homeowner who has no equity in your home at all, Mid-Atlantic Federal Credit Union (MAFCU) offers the low-rate loan or line of credit that works for you ... and your wallet.
With a MAFCU home equity loan or line of credit you can tap the equity in your home for just about any purpose: to make home improvements, consolidate debt, pay for tuition, or even take a vacation. A MAFCU home improvement loan is just that-a loan for making home improvements-but one that requires no equity at all.
Find the MAFCU home equity or improvement loan that's right for you.
Want more information, click here.
|Name||APR||Minimum Loan Amount||Maximum Loan Amount|
|15-yr Line of Credit (HELOC)50k||1.990% 1||$50,000.00||$500,000.00|
|15-yr Line of Credit (HELOC)25k||2.990% 1||$25,000.00||$500,000.00|
|15-yr Additional Residence HELOC||7.000%||$10,000.00||$500,000.00|
|15-yr Home Equity Loan||5.500%||$10,000.00||$500,000.00|
|EZ Equity 5-yr Home Equity Loan||5.500%||$5,000.00||$50,000.00|
|5-yr Home Improvement Loan||9.950%||n/a||n/a|
|7-yr Home Improvement Loan||10.950%||n/a||n/a|
|10-yr Home Improvement Loan||11.950%||n/a||n/a|
1Intro rate of 1.99% Annual Percentage Rate is a fixed rate for 12 mos. w/a minimum initial draw of $50,000 (2.99% APR if initial draw is between $25,000-$49,999). Rates are subject to change at any time. Your actual rate may vary (be higher), based on evaluation of applicant credit and terms. Offer is valid on qualified new HELOC applications received between 2/18/15 - 5/31/15 with a max 80% Combined Loan To Value ratio. Offer is NOT valid on refinancing of existing MAFCU HELOCs. Post intro APR is as low as Prime +.24%, the minimum is 3.49% and maximum is 18%. The index is the Prime Rate and is published in the Wall Street Journal. Loan must remain outstanding for at least 36 months or closing cost paid by MAFCU will be added on to the loan. Offer expires 5/31/15.