Your home has grown in value over the years. Put that equity to work for the things that matter most — whether that's renovating your home, paying for your child's education, or consolidating debt to simplify your financial life.
Open a Home Equity Line of Credit or a Home Equity Fixed Loan and save up to $3001 on closing costs when you apply now through June 30, 2026. It’s a smart way to put your home’s equity to work while keeping more money in your pocket.
1Equal Housing Opportunity. All loans subject to approval. Offer valid for new Home Equity Line of Credit or Home Equity Fixed Loan applications received March 26 - June 30, 2026. Up to $300 off closing costs will be applied at closing. Rates, terms, and conditions are subject to change without notice. Minimum and maximum loan amounts apply. Borrower is responsible for title insurance, appraisal fees, and any non-standard closing costs. Property and credit qualifications apply. See credit union for details.
Members First Credit Union’s Home Equity Line of Credit (HELOC) is designed to let you borrow against the equity in your home and access funds as needed. Whether you’re renovating your home, consolidating debt, or planning for major milestones, a HELOC provides flexibility, and you can access funds when you need them. Unlike traditional loans, you only pay interest on the amount you borrow, not the full line of credit.
**95% equity is based on a first lien on a primary residence. Total available credit may be lower based on type of collateral, lien status, or purpose of the loan.
| APR as low as* |
|---|
| 6.50% |
*APR = Annual Percentage Rate. All loans subject to approval. Rates, terms, and conditions are subject to change without notice. APR is based off the Wall Street Journal Prime Rate plus a margin of -0.250% - 4.000%. Margin may vary based on creditworthiness or other factors. The prime rate is a variable rate and may change multiple times during the term of the loan. The rate for the Home Equity Line of Credit will increase or decrease based on these changes but will never exceed 18% or drop below 4%. Loan fees and closing costs will vary between $450 and $1,300 based on a loan amount of $50,000. Property and credit qualifications apply. See credit union for details. |
Our Home Equity Fixed Loans make it easy to manage life’s biggest expenses with confidence. Whether you’re planning a home renovation, consolidating debt, paying for education, or handling unexpected costs, we’ve got you covered.
| Terms | Interest Rate | APR as low as* | Monthly Payment** |
|---|---|---|---|
| 10 Year Fixed | 6.750% | 6.894% | $574.17 |
| 15 Year Fixed | 6.875% | 6.979% | $446.00 |
*APR = Annual Percentage Rate. Rates featured are listed “as low as” and could be different based on creditworthiness, qualifications and collateral conditions. All rates are subject to change. **Monthly payment based on a $50,000 loan amount. | |||
Whether you are upgrading, downsizing, or looking for something new, we’ve got the affordable home financing to turn your plans into reality.
A HELOC (Home Equity Line of Credit) is a line of credit that allows you to tap into your home’s equity and borrow against it.
This calculator will help you estimate the limit you could be approved for. Start by entering the value of your home. Next, enter the outstanding balance (what you have left to pay including interest) on your mortgage. Finally, adjust the LTV ratio to see your potential HELOC. We offer LTV ratios up to 95%, with the exact percentage determined by your lender.
Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.
Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.
The above disclaimer pertains to Members First Credit Union and all Members First’s partners.
Stop in your nearest branch, call us at 855.835.6328 or schedule an appointment. Learn more about becoming a member or get started.
Life has a way of surprising us. Whether you’re chasing a new goal or managing the unexpected, our Personal Loan offers the support to make it happen.
Whether you're upgrading, downsizing, or just looking for something new, we've got the affordable home financing you need to make it happen.
Want to tap into your home’s equity? Learn how a HELOC works, its benefits, and what to consider before applying.
