Home Equity Line of Credit

When life happens, use what you've built

3.99% APR1 

Fixed intro rate for 12 months

As low as 6.50% APR1

Standard variable rate thereafter

Get convenient access to money at a low rate

No annual fee or closing costs2

Flexible borrowing

To fund home improvements, educational expenses, or consolidate high interest-rate debt

Draw what you need and only pay interest on what you use

Have questions before you apply?

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Open a MECU Home Equity Line of Credit (HELOC).

Tap into your home's value.
A MECU HELOC can give you convenient access to money at a low interest rate.

Whether you’re completing home improvement projects or managing life’s unexpected moments, a MECU HELOC is ready for the moments you see coming and the ones you don’t.

  • Amounts available from $5,000 up to 90% of the equity of your home
  • Credit line available for 15 years
  • 3.99% fixed APR1 for 12-months, then a variable rate as low as 6.50% APR1  thereafter (up to 80% loan to value)
  • 4.99% fixed APR1 for 12-months, then a variable rate as low as 7.75% APR1, thereafter (81% - 90% loan to value)


A smarter way to fund what matters most.

1/*APR = Annual Percentage Rate. Rates subject to change. MECU reserves the right to rescind or modify this offer at any time. Home Equity Line of Credit (HELOC) introductory rate will be fixed for 12 months and applies to lines with a maximum loan to value (LTV) equal to or less than 80%. The standard, post-introductory rate will be a fully indexed, variable rate based on Prime plus or minus a margin based on the loan to value at account opening; rate may change on a quarterly basis. The estimated monthly payment on a HELOC at Prime minus 0.25% (currently 6.50% APR) after the introductory period will be $8.85 per $1,000 borrowed. The minimum monthly payment will be $100. Prime Rate is obtained from the Wall Street Journal and is currently 6.75%, in effect since December 11, 2025. The standard, post-introductory rate will not increase more than 6.00% above the initial rate that would have been in effect without the introductory rate discount or 24.00%, whichever is less. The minimum APR will not go below 3.25% at any time during the term of the plan. Subject to credit approval and verification of collateral. Adequate property and flood insurance may be required. MECU membership is required.

2MECU will pay the initial closing costs on “Standard” HELOCs. Closing costs must be reimbursed to MECU if you pay off and close your line of credit within 12 months of the original note date. Closing costs vary and generally range around $850 to $1,000 on a $20,000 line of credit.

Handbook on Adjustable-Rate Mortgages

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