Home Equity Line of Credit
At MWD FCU, we know nothing grinds a project to a halt faster than a lack of funds. That’s why we offer low-rate home equity lines of credit to help boost your budget! With more cash, you can check more things off your ever-growing to-do list.
Borrow against the equity in your home for an accessible line of credit that can address today’s financial needs while securing a flexible cash source for your future.
- Borrow up to $100,000 based on your available equity and credit qualifications
- Draw funds as you need them, up to your approved credit limit
- Quarterly rate adjustments based on the prime rate
MWD FCU home equity line of credit features variable rates based on the Prime Rate plus a margin which as of 10/12/18 ranges from 5.25% APR* to 16.00% APR for line amounts up to $100,000.
Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. Other restrictions may apply.
Call (213) 217-6612 for more information.
APR=Annual Percentage Rate. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. All Credit Union loan rates and terms are based on an evaluation of applicant credit. Your actual rate may vary. All loans are subject to approval.