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Home Equity Loans & Lines of Credit

Home Equity Loan Rates
Term 1-7 Year 8-10 Year 11-12 Year 13-15 Year
APR As Low As* 7.00% 7.25% 7.50% 7.75%
Home Equity Line of Credit Rates
APR As Low As* 4.00%

It's likely that your home is worth more now than when you purchased it. With either a fixed-rate Home Equity Loan or revolving Home Equity Line of Credit, the difference between the value then and the increased value now can mean cash for you.

Fixed-Rate Home Equity / Debt Consolidation Loan

A fixed-rate Home Equity Loan allows you to take the difference between your home's original value and the value today as one lump sum. Plus your payments on the loan are fixed, so you can budget effectively. With a fixed-rate Home Equity Loan:

  • MUCFCU will loan up to 90% of the market value of your home*
  • Up to a 15 year repayment
  • Absolutely no prepayment penalties
  • Competitive rates
  • No closing costs if the loan is over $5,000
  • Payroll deduction available
Apply for Your Loan Now


Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a revolving line of credit with an adjustable interest rate and variable payments. It's a flexible, low-interest way to obtain cash as you need it.

  • Borrow up to 90% of the market value of your home*
  • Minimum payment adjusted to 1% of the loan balance every month**
  • 10 year draw period / 10 year repayment
  • Absolutely no prepayment penalties
  • Rates based on Prime Rate (as published in the Wall Street Journal)
  • Comfort of writing checks that draw directly from your Line of Credit
  • No closing costs if the loan is over $5,000
Apply for Your Loan Now


If you're a MUCFCU member, your loan can be processed 100% online -- you never have to set foot in the credit union!

Not yet a member? Click here to start the process of opening an account.


*Advertised rates current as of 4/13/2024. The Annual Percentage Rates (APRs) listed above are minimum rates reflecting the highest credit rating, along with a .35% rate discount for Payroll Deduction and Automatic Loan Payments. The rate you pay will be based on individual credit history, account relationships, and the term of the loan. Maximum rate on any loan is 18.00%. Certain credit restrictions apply. 

**Balloon payments may result from making minimum monthly payments on a Home Equity Line of Credit.

Closing costs may apply to Home Equity Lines of Credit $5,000 and below. Home Equity Loans and Lines of Credit are subject to a Loan Processing fee of $95.00 for secured loans. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Rates, terms, conditions and product components are subject to daily change without notice.

Ashley Erskine

Loan Officer

(513) 523-7707
Email Ashley 


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Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.


Certain restrictions may apply to the products and services described above. Contact the credit union for details. MUCFCU is not an entity of Miami University.