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Loan Rates

Complete Rate Schedule for MECU Loan Accounts

24/7 Loan Application Service 1-800-373-2914All rates below are current as of the dates listed. Posted rates are subject to change.


 

Conventional Mortgage Loan Rates

Rates as of:  
Account Type Base Rate APR*
(as low as)
Monthly Payment**
($150,000 loan amount)
0 Points Option
30-year fixed rate4.125%4.214%$726.97
20-year fixed rate3.875%3.997%$899.12
15-year fixed rate3.375%3.529%$1063.14
10-year fixed rate2.875%3.097%$1439.77
10/1 ARM (adjustable rate)3.500%3.314%$673.57
7/1 ARM (adjustable rate)3.250%3.096%$652.81
5/1 ARM (adjustable rate)3.000%2.960%$632.41
3/1 ARM (adjustable rate)2.625%2.856%$602.48
1 Point Option
30-year fixed rate3.875%4.044%$705.36
20-year fixed rate3.625%3.858%$879.61
15-year fixed rate3.125%3.421%$1044.91
10-year fixed rate2.625%3.052%$1422.59
We also offer FHA mortgage loans.
Call us 24/7 at 1-800-373-2914 to learn why an FHA may make it more affordable to buy your home.

*APR = Annual Percentage Rate based on a 80% Loan to Value ratio. While this page is updated regularly, rates are subject to change. Monthly Payment amount is based on a $150,000 loan amount for principal plus interest at the lowest available APR and does not include taxes and insurance which will increase your monthly payment. Your actual rate may be higher based on your credit score, loan amount, repayment term, collateral, credit history and ability to repay. Subject to verification of collateral. Adequate property and flood insurance is required. MECU membership required.

MECU also offers discounts for First Time Home Buyers and members who buy homes in Baltimore City.

Home Equity Loan Rates

Rates as of:  
Minimum Loan Amount is $5,000 Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $10,000 borrowed)
Up to 80% Loan To Value
No Closing Costs4.49%60 Months$186.38
No Closing Costs4.99%120 Months$106.02
No Closing Costs5.49%180 Months$81.66
81% — 90% Loan To Value
No Closing Costs5.24%60 Months$189.81
No Closing Costs5.74%120 Months$109.72
No Closing Costs6.24%180 Months$85.69

*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 based on a $10,000 loan. 

Home Equity Line of Credit Rates

Rates as of:  
Minimum Loan Amount is $5,000 APR*
(as low as)
Loan to Value Monthly Payment**
(per $1,000 borrowed)
Introductory Rate
Fixed Rate:
for 12 Months, followed by a variable rate as shown below.
2.00%Up to 90%$6.44
Standard Rate, Post-Introductory Rate
Variable Rate:
Prime minus 0.25%
3.50%Up to 80%$7.15
Variable Rate:
Prime plus 0.75%
4.50%81% — 90%$7.65

*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Minimum monthly payment equals $100. 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 3.75%, in effect since 12/15/16. The minimum standard APR that can apply is 3.25% and the maximum APR that can apply is your standard rate plus 6%. The maximum APR in Maryland is 18%. Your standard 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. 

 MECU will pay the initial closing costs. 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 with no additional advances or rate increases.

New & Used Auto Rates

Rates as of:  

  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
10% Down Payment Options
New / Used / Refinance1.74%12 - 36 Months$28.53
New / Used / Refinance1.99%37 - 48 Months$21.69
New / Used / Refinance2.24%49 - 60 Months$17.63
New / Used / Refinance2.74%61 - 84 Months$13.10
0% Down Payment Options
New / Used / Refinance1.99%12 - 36 Months$28.64
New / Used / Refinance2.24%37 - 48 Months$21.80
New / Used / Refinance2.49%49 - 60 Months$17.74
New / Used / Refinance2.99%61 - 84 Months$13.21

*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. The auto loan rates listed above is our lowest available rate for each repayment tier and includes a rate discount of 0.25% with direct payment. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher depending on down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other terms and conditions may apply. Subject to credit approval, membership eligibility, and verification of collateral. 

 **Monthly payment is per each $1,000 borrowed at the maximum stated repayment term. 

Risk Based Pricing Notice

Promotion: 2%25 rate discount when you purcahse a Harley Davidson Motorcycle.New Motorcycle Rates

Rates as of:  

  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
10% Down Payment Options
New 4.74%12 - 36 Months$29.85
New 4.99%37 - 48 Months$23.02
New 5.24%49 - 60 Months$18.98
New 5.74%61 - 84 Months$14.48
0% Down Payment Options
New 4.99%12 - 36 Months$29.97
New 5.24%37 - 48 Months$23.14
New 5.49%49 - 60 Months$19.10
New 5.99%61 - 8+J38:N384 Months$14.60

*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. The motorcycle loan rates listed above is our lowest available rate for each repayment tier and includes a rate discount of 0.25% with direct payment. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher depending on down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other terms and conditions may apply. Subject to credit approval, membership eligibility, and verification of collateral. 

 **Monthly payment is per each $1,000 borrowed at the maximum stated repayment term. 

 

Risk Based Pricing Notice

Used Motorcycle Rates

Rates as of:  
  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
10% Down Payment Options
Used5.24%12 - 36 Months$30.08
Used5.49%37 - 48 Months$23.35
Used5.74%49 - 60 Months$19.21
Used6.24%61 - 84 Months$14.72
0% Down Payment Options
Used5.49%12 - 36 Months$30.19
Used5.74%37 - 48 Months$23.37
Used5.99%49 - 60 Months$19.33
Used6.49%61 - 84 Months$14.84

*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. The RV and boat loan rates listed above is our lowest available rate for each repayment tier and includes a rate discount of 0.25% with direct payment. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher depending on down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other terms and conditions may apply. Subject to credit approval, membership eligibility, and verification of collateral.

 **Monthly payment is per each $1,000 borrowed at the maximum stated repayment term. 

 

Risk Based Pricing Notice

RV & Boat Rates

Rates as of:  
  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
15% Down Payment Required
New6.49%Up to 180 Months$8.71
Used7.49%Up to 180 Months$9.26

*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. The RV and boat loan rates listed above is our lowest available rate for each repayment tier and includes a rate discount of 0.25% with direct payment. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher depending on down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other terms and conditions may apply. Subject to credit approval, membership eligibility, and verification of collateral.

**Monthly payment is per each $1,000 borrowed at the maximum stated repayment term.


Risk Based Pricing Notice

Personal Loan & Preferred Credit Line Rates

Rates as of:  
  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
Personal Loan 8.99% Up to 36 Months $33.69
Preferred Line of Credit 8.99% Draws up to credit limit permitted for as long as the account remains in good standing. $33.69

Rates as of:  
  Fixed APR*
(as low as)
Repayment Terms Monthly Payment**
(per $1,000 borrowed)
Share / CD Share / CD rate +2% Up to 36 Months (loan term can not exceed the CD maturity date) $29.44
(based on a 3.80% APR)

*APR = Annual Percentage Rate. Your actual rate may be higher depending on credit history and ability to repay. Other terms and conditions may apply. Subject to credit approval, membership eligibility.
 **Monthly payment is per $1,000 borrowed based on a 36-month repayment term. 

Risk Based Pricing Notice

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