Make Yourself at Home


With MECU, your new home is only a few steps away!

We offer a variety of low-cost mortgages to help you buy your first home, next home, or refinance an existing mortgage. Don't miss out on your dream home. Visit the mortgage resource center and contact us today!

 

Mortgages

We offer a variety of low-cost mortgages to help you buy your first home, next home, or refinance an existing home loan.

Home Refinance

Refinancing can help you get extra cash, lower your interest rate, lower your payment, or shorten your term.

Home Equity Line of Credit

Lock in 5.99% fixed APR2 for 12 months then as low as Prime minus 0.25%3.

Mortgage Resource Center (opens in a new tab)

Research your various options to find the home loan that fits your budget and lifestyle.
Disclosures
*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Minimum monthly payment equals $100. Introductory rate will be fixed for 12 months. 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 8.00%, in effect since March 23, 2023. 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%. The standard, post introductory 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 on “Standard” Home Equity Lines of Credit. 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.