Home Equity Loans

One of our experienced Home Equity Professionals will be more than happy to help you begin the process of saving money.

If you're a homeowner looking to tap into the equity you've built up over the years, 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.  You could get up to 95% of your home's appraised value.

Find the home equity loan or line of credit that's right for you.

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  • 15-Year HELOC (Interest Only)

    A MAFCU home equity line of credit is a ready source of cash you can access simply by writing a check. This flexible financing solution offers:

    • Low Variable Rates.*
    • Credit lines based on 95% of the appraised value of your home minus the first mortgage.
    • Interest-Only option.
    • Minimum line of credit of $10,000; maximum line of $500,000.
    • Free checks for convenient access to your line of credit.
    • No initial draw requirement.
    • Payments based on principal and interest or interest only.
    • Monthly payment based on 15-year terms.
    • Potential tax advantages.*
    • Convenient 24-hour access to loan information through our ATMs, Free Online Banking and Free Telephone Banking services.
    • No closing costs - we pay them.**

    * Contact your tax consultant for details on tax deductibility. Home Equity Loans are available on properties in the following states: DC, MD, VA, WV and PA.

    ** Must remain open for 3 years.

  • 15-Year HELOC (Principal & Int.)

    A MAFCU home equity line of credit is a ready source of cash you can access simply by writing a check. This flexible financing solution offers:

    • Low Variable Rates.*
    • Credit lines based on 95% of the appraised value of your home minus the first mortgage.
    • Interest-Only option available.
    • Minimum line of credit of $10,000; maximum line of $500,000.
    • Free checks for convenient access to your line of credit.
    • No initial draw requirement.
    • Payments based on principal and interest or interest only.
    • Monthly payment based on 15-year terms.
    • Potential tax advantages.*
    • Convenient 24-hour access to loan information through our ATMs, Free Online Banking and Free Telephone Banking services.
    • No closing costs - we pay them.**

    * Contact your tax consultant for details on tax deductibility. Home Equity Loans are available on properties in the following states: DC, MD, VA, WV and PA.

    ** Must remain open for 3 years.

  • 15 or 20-yr Home Equity Loans

    Planning a major home renovation? Or maybe there's another significant expense in the near future. A Home Equity Loan from MAFCU could help you finance it. Qualify and you'll benefit from:

    • Competitive fixed rates.*
    • A generous loan based on 95% of the appraised value of your home minus the first mortgage amount  ($10,000 minimum).
    • A fixed term of 15 or 20 years.
    • Potential tax advantages.*
    • Convenient 24-hour access to loan information through our ATMs, Free Online Banking and Free Telephone Banking services.
    • Member pays all closing costs.

    * Contact your tax consultant for details on tax deductibility. Home Equity Loans are available on properties in the following states: DC, MD, VA, WV, and PA