Home Equity Loans
Use the equity in your home to pay for larger expenses and purchases, or simply refinance your existing mortgage and save some money. Our home equity loans can make it happen at affordable rates.
- Tap into flexible cash at an extremely affordable rate
- The more equity you have built, the greater your borrowing amount
- Fixed-rate options
Low out-of-pocket cost
Low application fee, no points, or origination fees. Option to roll the appraisal fee into your loan.
No prepayment penalties
If you decide to pay ahead on your loan, you won’t be penalized and won’t pay extra interest.
Potential tax savings
See your tax advisor for details.
Use for any purchase or project!
- Home renovations: new roof, windows or siding
- Beautiful pool or deck
- New kitchen or bath
- College tuition
- New car or boat
- Debt consolidation
- And much more
A mortgage loan from Manville Area Federal Credit Union is a type of loan used to purchase or refinance a home. These loans are secured by the property itself, which means that if the borrower fails to make payments, the lender can foreclose on the property to recoup their losses.
Manville Area Federal Credit Union offers a variety of mortgage loan options to help members find the right loan for their needs. These loans can be used to purchase a primary residence, a vacation home, or an investment property, as well as to refinance an existing mortgage.
| Fixed Home Equity Loan | Rate | APR* | Term | Calculators |
|---|---|---|---|---|
| Up to 80% Loan to Value | 5.75% | 5.75% | 60 months | Calculator |
| Up to 80% Loan to Value | Visit mortgage center for current rates | 120 months | Calculator | |
| Up to 80% Loan to Value | Visit mortgage center for current rates | 180 months | Calculator |
* APR – Annual Percentage Rate
Variety of Loan Options
Getting a mortgage loan from Manville Area Federal Credit Union can be a great way to purchase a home or refinance an existing mortgage. With a variety of loan options, competitive interest rates, and personalized support, the credit union can help members find the right loan for their needs and achieve their homeownership goals. However, it’s important to carefully consider your financial situation and the terms of the loan before applying, and to make your payments on time to avoid defaulting on the loan and potentially losing your home.
To Apply
To apply for a mortgage loan, borrowers will typically need to provide documentation of their income, employment status, credit history, and other financial information. The credit union will then evaluate their application and determine whether they qualify for a loan and what their interest rate and repayment terms will be.