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$200 Cash Back Home Equity Line of Credit

Take Advantage of a Low Introductory Rate and Get $2001 Cash Back!

Whether you are looking to make home improvements, consolidate debt or pay for educational expenses, the equity you have in your home could be the solution.

In addition to extra cash in your pocket, our Home Equity Line of Credit offers:

  • No application fees
  • Intro rates as low as 1.99% APR2 fixed for 6 Months and as low as 3.99% APR2 variable thereafter.
  • Borrow 100% of your home's appraised value
  • Low, interest-only payments for the 10 year draw period
  • Interest may be tax-deductible (consult with your tax advisor)

 start application process


1 $200 rebate will be deposited to member’s primary savings account after loan funds. Minimum draw of $30,000.  MCCU has the right to end or modify this promotion at any time.

2  The MCCU Home Equity Line of Credit (HELOC) is an adjustable rate loan. Rates shown are for loans with up to 80% combined loan-to-value (CLTV). Other rates and terms apply for 81%-100% CLTV financing. The introductory discounted rate of 1.99% APR (annual percentage rate) is fixed for the first 6 months (180 days) after which the rate converts to the then current Prime Rate (the Index) plus your Margin and is then variable and subject to change. The current 3.99% APR is accurate as of 10/1/2021 and is subject to change, and is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80%. It is a variable rate of Prime +.74%, based on the Prime Rate as published in the Money Rates table of the Wall Street Journal. The quoted rate is based on 720 or higher FICO Credit Score. The maximum APR is 9.99%. The HELOC term is 25 years (10-year draw period). Minimum credit limit is $30,000; Maximum $500,000. Property Insurance and a lien are required on the subject property. Fees range from $1,000 to $2,500, based on amount borrowed. Fees are waived with minimum $30,000 draw and if HELOC remains open for a minimum of 36 months, otherwise it will be required to pay fees at time of loan payoff. Consult your tax advisor regarding deductibility of interest. HELOCs available for primary residences in California only. Equal Housing Lender. MCCU membership required. 

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