Home Equity
Whether you're looking forward to making those home improvements, or need to send your child to college, the Meadville Area Federal Credit Union has options to fit your needs. With either a fixed amount Home Equity Loan, or a Flexible Home Equity Line of Credit, MAFCU's Home Equity programs are designed to put your home to work for you.
Home Equity Loan
- Fixed loan amount
- Level repayment schedule
- No prepayment penalties, additional payments can be made at any time
- Consult your Tax advisor for possible tax benefits
Home Equity Line of Credit
- The flexibility to draw on your equity when you need it
- 15 year loan, 5 year revolving draw period with 10 year repayment term
- No prepayment penalties, additional payments can be made at any time
- Funds can be accessed by check
- Consult your Tax advisor for possible tax benefits
- No annual fee
To apply for a Meadville Area Federal Credit Union Home Equity Loan or Line of Credit please stop in to one of our branches today or call a representative at 814.336.2794 or submit your loan request through our online loan application.
