Upfront Funds
When your loan closes you’ll receive all of your funds upfront in one lump sum to access and spend immediately.
No lender origination fees
Members 1st does not charge origination fees for Home Equity Loans, which helps minimize your out-of-pocket expenses.
Low to No Closing Costs
Members 1st charges low to no closing costs, which makes our Home Equity Loans affordable with little to no upfront costs.1
Flexible Rates and Terms
Fixed or variable rate options with terms up to 20 years allows you to decide the right monthly payment for your budget.
Easy Application
Complete your application and submit any necessary documentation entirely online without having to visit a branch.
Additional Loan Features
Tax Deductions
Consult your tax advisor for potential tax-deductible interest. Members 1st Credit Union does not provide tax advice.2
Automatic Payments
Set it and forget it. Never miss a payment again with automatic payments from any checking account.
Award Winning
Regularly voted Best Bank/Credit Union in the North State. See our Awards page for full details.
Management Made Easy
Access loan details, payment setup, statements, and tax information from your desktop, tablet, or mobile device.
Custom Rate Quote
Get a custom rate quote online or by phone, tailored just to you, to meet your personal financial scenario.
Bank with a Credit Union
Experience the difference of banking with a local, community-owned, not-for-profit credit union, where our profits are returned to you.
HOME EQUITY CALCULATORS
Rates & FAQs
Rates
APR* as low as
Rates
1. Home equities may be subject to title and appraisal fees if refinancing an existing Members 1st home equity or the loan amount is below $20,000. Applicants have the option of purchasing their own full appraisal.
2. Consult your tax advisor. Members 1st Credit Union does not provide tax advice.
Annual Percentage Rate (APR). Maximum loan term is 20 years (240 months). The variable rate can change annually based on the 6-month Treasury-Bill (final week auction). The APR cannot increase more than 2% annually and no more than 6% above the initial rate.
This page contains disclosures that have been provided for your information. Please print or retain a copy for your own records. Members 1st Credit Union will acquire a security interest in your dwelling. The loss of the dwelling may occur in the event of default. Under certain conditions, Members 1st Credit Union may terminate the plan and require payment of the outstanding balance in full in a single payment and impose fees upon termination; prohibit additional extensions of credit or reduce the credit limit; and, as specified in the initial agreement, implement certain changes in the plan. You may receive, upon request, information about the conditions under which such actions may occur.
We do business in accordance with the Fair Housing Act
(The Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988)The Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities.
Who is protected?
It is Illegal to Discriminate Against Any Person Because of Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin
- In the sale or rental of housing or residential lots
- In advertising the sale or rental of housing
- In the financing of housing
- In the provision of real estate brokerage services
- In the appraisal of housing
- Blockbusting is also illegal
How to Report Housing Discrimination
Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination:
1-800-669-9777 (Toll Free)
1-800-927-9275 (TTY)
www.hud.gov/fairhousing
U.S. Department of Housing and Urban Development
Assistant Secretary for Fair Housing and Equal Opportunity
Washington, D.C. 20410