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Experience better Home Equity Lines of Credit with us

We see your vision for your future, and we want to help make it a reality. Our low rates
are designed to help you accomplish your goals – including covering major expenses
like education, paying off bills, or making home improvements.

Open a MECU Home Equity Line of Credit (HELOC), and get 1.99% APR1 for 12 months, then as low as Prime minus 0.25%.1
Access to funds for up to 15 years1
Draw and repay funds similar to the way you use a credit card
No closing costs, annual fees or pre-payment fees2

Take full advantage of your home's value. ​

Your efforts to pay down your mortgage and improve your home's value can really pay off. A Home Equity Line of Credit can give you convenient access to money at a low interest rate. Once your application is approved, you can access your credit line to cover any type of costs. 
  • 1.99% fixed APR1 for 12 months then as low as Prime minus 0.25%1
  • Credit line available for up to 15 years
  • Draw and repay funds similar to the way you use a credit card
  • Amounts available from $5,000 up to 80% of the equity of your home
1 APR – Annual Percentage Rate. Rates are subject to change. 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 depending on your loan-to-value ratio at account opening. Prime Rate is obtained from the Wall Street Journal and is currently 7.75%, in effect since February 2, 2023. The minimum standard APR that can apply is 3.25% and the maximum APR that can apply is your standard, post-introductory rate plus 6%. The maximum APR in Maryland is 18%. Minimum monthly payment equals $100. 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.
2 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.

What you should know about Home Equity Lines of Credit.