Members First Credit Union - Products & Services

Home Equity Loans

Looking for an economical way to make improvements to your home? Maybe you are thinking about buying a new vehicle, or you need an affordable way to pay for upcoming tuition bills. Let your credit union make your financial life easier with a Home Equity Loan!

With two types of loans available, our Home Equity Loan programs let you take advantage of the equity in your home:

Open-end variable rate Line of Credit, similar to a credit card with payments based on your balance each month offers:

No closing costs!*
Rate based on the prime rate and your credit score.
Based on five-year draw period
Maximum term is 20 years
Up to 100% financing on your home's appraised value.

Closed-end fixed rate, like a standard loan with set monthly payments offers:

No closing costs!*
Maximum loan amount is $50,000.00
Maximum term is 20 years
Up to 100% financing on your home's appraised value.

*No closing costs on loans up to 80% of your home's appraised value. Nominal closing costs apply on loans of 81% to 100% loan to value.

For current rate information, click here!

24-Hour LoanLine

Apply for a loan anytime day or night, just call our toll-free LoanLine at 1-888-215-8506 and follow the easy, step-by-step instructions.

Or, you can also apply for a loan online!

Online Bonus: Apply online and receive a 0.25% interest rate discount. That's right: subtract 0.25% from any of our current rates just for applying online.