Loans & Credit Cards
A variable rate loan based on the prime rate. It works similar to a credit card, you have a credit limit and you can draw on it. When you make your monthly payments the funds become available again. There are no application fees and no closing costs (Florida properties only) for lines over $25,000. No pre-payment penalties ( unless loan is paid off within 2 years).The maximum financing is $100,000 and up to 80% of the appraised value of the home minus the first mortgage balance. A fixed rate, fixed term second mortgage home loan. Terms up to 10 years. The minimum loan amount is $ 10,000. No application fees and no closing costs. No pre-payment penalties ( unless loan is paid off within 2 years) for loans over $25,000. Your interest rate is fixed for the term of the loan. The maximum financing is up to 80% of the appraised value of the home minus the first mortgage balance. Payments can be automatically deducted from your payroll or from your MPS Credit Union account. The interest rate is fixed for the first three year of the loan. Then it becomes variable after the third year, and it is adjusted quarterly. There are no application fees and no closing costs (Florida properties only) for lines over $25,000. No pre-payment penalties ( unless loan is paid off within 3 years).The maximum financing is $100,000 and up to 75% of the appraised value of the home minus the first mortgage balance. Homeowners and flood insurance (if applicable) is required for all home equity loans. Ask about our townhouses, condo’s and rental property (4 units max) home equity programs. Check List Of Requirements For Home Loan Application: Rates and fees subject to change without notice. Home Loans
Home Equity Line Of Credit (HELOC):
Fixed Rate Second Mortgage Loan:
Fixed-Variable Rate Home Equity Loan:
