Home Equity



 

Whether you're looking forward to making those home improvements, or need to send your child to college, One FCU 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.

  • 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 One FCU Home Equity Loan or Line of Credit please stop in to one of our branches today or call a representative at 814.336.2794.