Merrimack Valley CU
Auto & Personal Mortgage & Home Equity Undergraduate, Graduate, & Refi Commercial Loans & Lines Former RTN Members

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Home / Rates / Home Equity Rates

Home Equity Loans - Primary and Secondary residences only
Effective Date: Friday, March 29th, 2024
Home Equity Loans up to 90% LTV Fixed Rate
ProgramMaxRateMax LTVAPR as low asMarginIndexMonthly Payment per $1,000
Up to 5 Years $250,000 6.990% 80% 6.990% - - $19.80
  $250,000 7.990% 90% 7.990% - - $20.27
10 Years $250,000 7.500% 80% 7.500% - - $11.87
  $250,000 8.500% 90% 8.500% - - $12.40
15 Years $250,000 7.750% 80% 7.750% - - $9.41
  $250,000 8.750% 90% 8.750% - - $9.99
20 Years $250,000 8.250% 80% 8.250% - - $8.52

Payments do not include taxes and insurance, actual payment obligation will be higher. The APR is an estimate and could be higher, based on the date of closing and the number of days interest collected at consummation.  APR may change without notice. Minimum loan amount is $10,000.

Home Equity Lines of Credit (HELOC) - Adjustable Rate
Effective Date: Friday, March 29th, 2024
ProgramMaxIntro RateMax LTVAPR as low asMarginIndex
80% LTV $250,000 8.500% 80% 8.500% 0.00% 8.50%
90% LTV $250,000 9.500% 90% 9.500% 1.00% 8.50%

Minimum Home Equity amount is $10,000. Maximum interest rate for Home Equity Lines of Credit is 18.00%. The maximum annual percentage rate that can apply is 18%. The interest rate is based on the Wall Street Journal Prime Rate and may vary monthly. An early termination fee of $300 will apply if closed within the first 36 months. Must meet eligibility guidelines.  APR may change without notice.