If you are buying or building a new home, refinancing, remodeling your current home, or simply looking to take advantage of your home's equity, MCCU can help. Convenient, affordable loan programs with great rates, flexible terms and personal service to help you every step of the way.
First Mortgages
Buying a home is one of the biggest investments you will ever make. MCCU offers 15, 20, 25, and 30 year mortgage plans with competitive rates. We take the hassle out of applying, so you can start shopping for a home and stop worrying about financing.
MCCU offers low closing costs, competitive interest rates and low down payment options. Financing your home, a residential investment property or vacant land has never been easier.
Just starting to think about buying a new home or refinancing? MCCU's Mortgage Calculator will help you determine how much you can afford.
Biweekly Mortgage Loans
Do you want to build equity faster, have a shorter term loan and save money? If "yes", the new biweekly mortgage loan from MCCU may be right for you!
Biweekly mortgages are available for purchasing or refinancing a primary residence, a second home or a residential investment property. The program is available for 15-, 20-, or 30-year terms.
For more information about our programs, or to see which one is right for you, contact MCCU's mortgage department today!
* All mortgage applications must meet the underwriting guidelines of MCCU.
First Time Home Buyer Program
MCCU is now offering a mortgage program specifically for first time home buyers! If you have not had ownership in a home within the past 2 years, you qualify for this no closing cost program.
With a slight increase in interest rate, this program allows members to save more than $1300 on typical a mortgage loan. This offer is available for single family, 15-, 20-, or 30-year fixed rate mortgages loans only and is not available with any other coupon or bonus offer.
Combine this with our low down payment! Call, click or come by today for more information!
* Costs covered with this program: appraisal, credit report, lender's title insurance, recording of deed and mortgage, flood certification, underwriting , and title company closing fee. All other costs are the responsibility of the borrower.
Second Mortgages
Looking for an affordable way to consolidate debt or finance a major purchase? Consider borrowing against your home's equity with a fixed-rate second mortgage. Access up to 85 % of your home's value and receive a competitive interest rate while reaching your goals!
Home Equity Lines of Credit
A home equity line of credit is one of the most cost-effective, convenient ways to finance a major expense. use the buying power of our home's equity to begin a home improvement project, consolidate bills, take a dream vacation, landscape your yard, pay for college tuition or achieve any goal.
A Home Equity Line of Credit with MCCU has many Benefits:
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Variable interest rate tied to the Prime Rate
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No closing costs (appraisal fee may apply)
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Potential tax benefits (consult your tax advisor for details)
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Easy access to funds via checks or transfers
Optional Mortgage Loan Services
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Escrow accounts or tax clubs for property taxes and homeowners insurance
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Mortgage life and disability insurances available (application & approval required)
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Land Contract Servicing
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Automatic transfer of monthly payments
Contact our Mortgage Department and we'll give you fast, efficient service the credit union way!
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