Spend less on interest. Spend more to make your house a home.
Congratulations on finding your new home! Or perhaps you're looking to refinance your current mortgage. Take the next step with a MECU mortgage at a low rate.
|
Account Type
|
Interest Rate*
(as low as)
|
Annual Percentage Rate*
(as low as)
|
Monthly Payment Factor**
(per $1,000)
|
|---|---|---|---|
|
Fixed Rates
0 Points Option
|
|||
| 30-year fixed rate | 5.875% | 5.983% | $5.92 |
| 20-year fixed rate | 5.625% | 5.767% | $6.95 |
| 15-year fixed rate | 5.250% | 5.427% | $8.04 |
| 10-year fixed rate | 5.125% | 5.377% | $10.67 |
|
Fixed Rates
1 Point Option
|
|||
| 30-year fixed rate | 5.625% | 5.824% | $5.76 |
| 20-year fixed rate | 5.375% | 5.640% | $6.81 |
| 15-year fixed rate | 5.000% | 5.331% | $7.91 |
| 10-year fixed rate | 4.875% | 5.347% | $10.55 |
|
Adjustable Rates
0 Points Option
|
|||
| 10/1 ARM (adjustable rate) | 5.500% | 5.693% | $5.68 |
| 7/1 ARM (adjustable rate) | 5.125% | 5.542% | $5.44 |
| 5/1 ARM (adjustable rate) | 5.000% | 5.568% | $5.37 |
| 3/1 ARM (adjustable rate) | 4.875% | 5.639% | $5.29 |
*APR = Annual Percentage Rate. Rates are subject to change at any time. Above rates are for conventional loans with a maximum 80% Loan-to-Value ratio. Your actual rate may be higher based on your credit score, loan amount, repayment term, collateral, credit history and ability to repay. All applications are subject to credit approval and verification of collateral. Adequate property and flood insurance (if applicable) are required. MECU membership is required.
**Multiply the payment factor by each thousand dollars borrowed to calculate your monthly payment. Taxes, homeowners insurance, and mortgage insurance premiums are not included and will increase your actual monthly payment obligation. APR is based on a loan amount of $160,000.
Home Mortgage Disclosure Act (HMDA) Notice
Adjustable Rate Options
Use our Check Rates tool for complete payment details. View our Adjustable Rate Mortgage Loan Program Disclosure for specific information related to our adjustable rate loan terms, rate adjustments, rate caps, minimum and maximum rates/payments, etc.
Minimum Loan Amount is $5,000
|
Term
|
Fixed APR*
(as low as)
|
Monthly Payment**
(per $1,000 borrowed)
|
|---|---|---|
|
81% - 90% Loan To Value
|
||
| 5-year fixed rate | 5.49% | $19.10 |
| 10-year fixed rate | 5.99% | $11.10 |
| 15-year fixed rate | 6.74% | $8.84 |
|
Up to 80% Loan To Value
|
||
| 5-year fixed rate | 6.49% | $19.56 |
| 10-year fixed rate | 6.99% | $11.61 |
| 15-year fixed rate | 7.74% | $9.41 |
*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Your actual APR may be higher based on your loan amount, repayment term, collateral, credit history and ability to repay. MECU will pay the initial closing costs. If the loan is paid off and closed within 12 months of original note date, closing costs must be reimbursed to MECU by the borrower. Closing costs vary and generally range around $850 to $1,000 on a $20,000 loan. Subject to credit approval and verification of collateral. Adequate property and flood insurance is required, if appropriate. MECU membership required.
**Monthly payment is per $1,000 borrowed.
Minimum Loan Amount is $5,000
|
Loan to Value
|
12-Month Introductory Rate FIXED APR*
|
Standard, Post Introductory Rate VARIABLE APR*
|
Monthly Payment**
(per $1,000 borrowed)
|
|---|---|---|---|
| Standard Home Equity Line of Credit1 | |||
| Up to 80% LTV | 3.99% | Prime minus 0.25% | $8.85 |
| Currently: 6.50%* | |||
| 81% to 90% LTV | 4.99% | Prime plus 1.00% | $9.41 |
| Currently: 7.75%* | |||
*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Minimum monthly payment equals $100. Introductory rate will be fixed for 12 months. The standard, post-introductory APR will be a fully indexed, variable rate based on Prime plus or minus a margin based on your loan-to-value ratio at account opening. Prime Rate is obtained from the Wall Street Journal and is currently 6.75%, in effect since 12/11/2025. The APR will not increase more than 6.00% above the initial rate that would have been in effect without the introductory rate discount or 24.00%, whichever is less. The minimum APR will not go below 3.25% at any time during the term of the plan. The standard, post introductory rate is variable and may adjust on a quarterly basis. Subject to credit approval and verification of collateral. Adequate property and flood insurance is required, if applicable. MECU membership required.
1 MECU will pay the initial closing costs on “Standard” Home Equity Lines of Credit. If the line is paid off and closed within 12 months of original note date, closing costs must be reimbursed to MECU by the borrower. Closing costs vary and generally range around $850 to $1,000 on a $20,000 line of credit.
**Monthly payment is per $1,000 borrowed at the post-introductory APR assuming no additional advances or rate increases.
