Refinanced Mortgages and Home Equity Loans

Advantages to Refinancing your Mortgage

  • Combine First and Second Mortgages to a lower fixed rate
  • Cash Out For:
    • Debt Consolidation
    • Home Improvement
    • Vacation
    • College Tuition
    • Investment Property

MidUSA offers a variety of First Mortgage options if you are looking to buy a new home or refinance an existing home loan.  MidUSA also gives you the option to “buy down” your rate to make your monthly payment even more affordable. To save you time and effort, a MidUSA Home Loan Prequalifier program lets you know your price range before you start shopping.

Contact our Mortgage Department by email or call 800-633-8905 now to apply.

 

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, maximum loan-to-value of 95%.**

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)

Borrow up to 95% of your home’s value, less what is owed with the variable-rate MidUSA CU Home Equity Line of Credit.  Available to qualified members, rates are as low as 4%*.  Certain restrictions may apply.

Whatever your needs, you’ll benefit from a competitive variable rate, and you’ll 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

A fixed-rate MidUSA CU Home Equity Loan** allows qualified members to finance up to 95% of your home’s value, less what is owed.  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.  See our low fixed Home Equity Rates.

See full disclosures for details.

Apply Here or Print an Application

You may apply online or print an application to complete and submit to MidUSA Credit Union.

Home Advantage Purchase Mortgages 
Figure a Payment

* HELOCs: The Annual Percentage Rate (APR) is a variable rate based upon the current Prime Rate as listed in the Wall Street Journal.   The maximum APR that can be applied is 18%.  Annual Inactivity Fee of $50 applies. Fees and closing costs may apply.  Consult your tax advisor regarding the deductibility of interest. Certain restrictions may apply. Speak with a MidUSA CU Associate for details.

** Home Equity Loans: The Annual Percentage Rate (APR) is subject to change without notice. Fees and closing costs may apply and will vary based on loan-to-value.  Consult your tax advisor regarding the deductibility of interest. Certain restrictions may apply. Speak with a MidUSA CU Associate for details.

 

Homeowner’s Insurance

Get a homeowner’s insurance quote online in minutes. As a credit union member, you qualify for group rates, which could save you money on your homeowner’s insurance and your rate is guaranteed for a full year. For more information, go to MEMBERS Auto & Home Insurance.

The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.

Figure a Payment

*Subject to approval based on valid property appraisal, your income, and your credit standing. MidUSA CU lien position cannot be less than second. Contact a MidUSA CU Associate for details.