MidUSA Credit Union Home Equity Line of Credit and Home Equity Loan
Whether you need a loan for debt consolidation, home repairs, a new car, college tuition or a wedding, MidUSA Credit Union can help with a low fixed-rate Home Equity Loan or low variable-rate Home Equity Line of Credit that will save you money!
Using the equity in your home is a smart way to borrow. You have the advantages of a lower rate than a personal loan, and the interest may be 100% tax deductible.*
To obtain a Home Equity Loan or Home Equity Line of Credit, the first thing you need to determine is how much equity you have in your home. Using the chart below, estimate your available equity.
Current Market Value of your home: $_______________
Minus any remaining balance on your first mortgage: $_______________
Your approximate available home equity**: $_______________
MidUSA Credit Union Home Equity Line of Credit (HELOC)
Available to qualified members, rates are as low as 4.00%*. Certain restrictions may apply.
Whatever your needs, you’ll benefit from a competitive variable rate and great service. You’ll also enjoy easy access to your available funds through free convenience checks and easy transfers through MidUSA CU Online Banking. Borrow funds as needed over a 10-year draw period and repay it over a total of 15 years.
See full disclosures for details.
MidUSA Credit Union Home Equity Loan
Borrow a fixed amount and repay it over a period of time, up to 15 years. You can also make payments quickly and easily through the MidUSA CU Payroll Deduction service.