Home Loan

Our Home Mortgage Lending Partner

Home ownership is an excellent financial achievement, and providing an equally excellent mortgage lending experience is Members Credit Union’s goal. That’s why we have partnered with Fairway Independent Mortgage Corporation. With Fairway, not only do you get the best rate and a quick turn-around – you will receive the top-notch personal service you deserve and expect from your trusted credit union. Apply Online

Equity Access Credit Line

(Only available in North Carolina)
Open an equity line of credit with our Equity Access Credit Lines, a ten-year, revolving line of credit from $10,000 to $100,000 to take care of current AND future borrowing needs. Credit lines are determined by the amount of equity in your home. They remain open for up to ten years and you have 15 years to pay the loan off completely.

Equity Access is a variable rate loan with a five-percentage point cap. Payment adjustments occur only every 12 months and at the time an advance is taken on the line of credit.

You may roll the closing costs of your Equity Access Loan into the loan proceeds. Some of the closing costs for an Equity Access line include a title opinion (only if Line of Credit exceeds $50,000). An appraisal may be required, as well as a flood certification.

The interest you pay on an Equity Access Credit Line may be tax deductible. Consult your tax advisor to find out if you would be eligible for a tax deduction.

Land Loans

Purchase or refinance* undeveloped land for personal or residential use with MCU’s affordable Land Loan products. Members can borrow up to $200,000 for property located in North Carolina of five acres or less (provided that it has public roadway access).  Maximum loan to value is 80% of appraised value. Take advantage of MCU’s great rates, low fees, and amazingly easy approval process and call 1-800-951-LOAN(5626).

*Regarding a refinance of an existing undeveloped land loan, Members CU will only lend funds needed to pay off existing loan, we don’t offer cash out refinance loans for undeveloped land.