See All | Contract
Merrimack Valley CUMerrimack Valley CU
Mobile Banking

Forgot Username? | Need Help?

Join Now
 
picture of family outside home
Home > Borrow > Home Equity > Home Equity Loan

Home Equity Loan

Share On:

The Home Equity Loan is ideal if you need a one-time advance for a specific amount of money like a kitchen renovation, car purchase or paying off student loans.  

  • Fixed loan amount
  • Fixed monthly payment
  • Fixed competitive rates
  • Loan to value up to 90%
  • Financing terms 3 to 15 years

Apply Now button

Home Equity Loans - Primary and Secondary residences only
Effective Date: Friday, October 30th, 2020
Home Equity Loans up to 90% LTV Fixed Rate
ProgramMaxRateMax LTVAPR as low asMarginIndexMonthly Payment per $1,000
Up to 5 Years $250,000 3.875% 80% 3.875% - - $18.36
  $250,000 4.875% 90% 4.875% - - $18.81
10 Years $250,000 4.375% 80% 4.375% - - $10.30
  $250,000 5.375% 90% 5.375% - - $10.79
15 Years $250,000 4.875% 80% 4.875% - - $7.84
  $250,000 5.875% 90% 5.875% - - $8.37

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. There WILL be an appraisal fee for applications $250,000 and over which can range from $485 - $780. For a 1st Lien: Payments do not include taxes and insurance, actual payment obligation will be higher.

 

 

Locations E-Services Rates Open Account
blogFacebookPinterestTwitterYouTubelinkedinInstagram