Put the value of your house to work for you with a No Fee Home Equity Loan from MLFCU.
Fixed Home Equity Loan Rates As Low As 5.25% APR*
Apply today and pay no fees**
Get the most out of your home equity with MLFCU. A home equity loan is a great low-rate borrowing option for home remodels, debt consolidation, college tuition, or just about any large expense. Apply today and in addition to locking in your low rate, you’ll pay no closing costs or fees.** Whether you’re upgrading your master bath or sending your child off to college, a home equity loan might just be the perfect solution to your financial needs.
Home Equity Loan Benefits
• Low Fixed Rate
• Borrow Up To 80% of value
• Terms up to 15 years
• No closing costs or fees**
• Interest may be tax-deductible depending on use***
***Check with your tax advisor. Home Equity Loan tax-deductible interest eligibility depends on your use of the funds and specific tax situation
Home Equity Loan Rates
| APR* | Info and/or Terms Effective Date: 04/01/2025 Rates Subject to Change at Anytime |
|---|---|
| As low as 5.25%* | Term: Up to 60 Months Full Appraisal Required By Credit Union First Lien Rate |
| As low as 5.75%* | Term: 61 – 120 Months Full Appraisal Required By Credit Union First Lien Rate |
| As low as 6.25%* | Term: 121 – 180 Months Full Appraisal Required by the Credit Union First Lien Rate |
| Contact the Credit Union for Second Lien Rates |
*APR=Annual Percentage Rate. Rates shown are for qualified borrowers and are subject to change without notice. Additional rates and terms are available. Minimum new money is $15,000. Contact the credit union for complete details.
**No Closing Cost Promotion applies to first and second lien. Third party fees will be reimbursed for the cost of originating your loan excluding any property tax or transfer fees. Fee Reimbursement–The lender may have paid some third party fees associated with this loan. Please refer to the Closing Disclosure provided prior to loan closing for an itemization of third party fees paid by the Borrower (if applicable), and those paid by the Lender on the Borrower’s behalf. The Borrower agrees to reimburse the Lender the actual amount of bona fide third party fees paid on the Borrower’s behalf, as permitted by applicable law, if you, the member, cancel the loan application or decline to take any counteroffer given by the credit union. Note: The credit union can lend up to 80% of the appraised value of the home (depending credit score) minus any outstanding mortgages that are currently owed on the home.
To apply for a loan, you can call or visit one of our six locations to get a Home Equity Loan application.
NMLS# 422133.