Mortgage Loans

Discover your reliable source for home financing with our competitive rates and diverse range of terms. Whether you’re purchasing a new home or refinancing, we have you covered with several options to meet your needs.

First Mortgage Loan

Loan Details:

  • Low rates and low closing costs

  • Fast turnaround time (sometimes as little as two weeks)

  • Flexible terms from 5 to 30 years

  • Purchase or Refinance

  • Free Pre-Approval

  • MCCU services all in-house Mortgage Loan financing

2nd Mortgage Loan

Loan Details:

  • Competitive interest rates for the term of the loan

  • Fixed term up to 15 years, balloon loans up to 30 years

  • Borrow up to 85% of your home’s value

  • No application fee

  • Low fees

Benefits:

  • Use your home’s equity to maximize your borrowing power

  • Can be used for any purpose

  • Predictable payments

Home Equity Line of Credit (HELOC)

Loan Details:

  • Fixed rate

  • Low fees

  • Borrow up to 85% of your home’s equity

Benefits:

  • Borrow repeatedly without re-applying

  • Only make payments on the amount you borrow

  • Security of being able to pay for unexpected expenses and emergencies

Rates

Rates effective as of

First Mortgage Loan Rates

short term first mortgage
Mortgage Type APR* As Low As Terms
10 Year Conventional First Mortgage Refinance** Fixed 4.875% 120 Months, 80% Max LTV
15 Year Conventional First Mortgage Refinance** Fixed 5.125% 180 Months, 80% Max LTV
20/10 Balloon ** 5.500% 20 Year Amortization / 10 Year Balloon 80% Max LTV
30/15 Balloon ** 5.750% 30 Year Amortization / 15 Year Balloon 80% Max LTV

Owner Occupied, Primary Residence, Refinance. Minimum Loan Amount $15,000.00.
Maximum Loan Amount 500,000.00
*APR: Annual Percentage Rate; all rates are minimum rate; rates may differ depending on credit rating; all rates subject to change without notice.
**Closing Costs Vary - Call for details (435) 864-4411.

Second Mortgage Loan Rates

Second Mortgage
APR* As Low As Terms
6.740% 60 Months, 85% Max CLTV Fixed
7.240% 120 Months, 85% Max CLTV Fixed
7.490% 180 Months, 85% Max CLTV Fixed
7.990% 10 Year Balloon (20 Year Amortization)
9.000% 15 Year Balloon (30 Year Amortization)

Owner Occupied, Primary Residence, Refinance. Minimum Loan Amount $15,000.00. Maximum Loan Amount 200,000.00
*APR: Annual Percentage Rate; all rates are minimum rate; rates may differ depending on credit rating; all rates subject to change without notice.
**Closing Costs Vary - Call for details (435) 864-4411.

HELOC Rates

Home Equity Line of Credit
Type APR* As Low As Terms
120 month (2 Year Draw, 8 Year Payback)** Fixed 7.490% Line of Credit, 85% Max CLTV

Owner Occupied, Primary Residence, Refinance. Minimum Loan Amount $15,000.00. Maximum Loan Amount 200,000.00
*APR: Annual Percentage Rate; all rates are minimum rate; rates may differ depending on credit rating; all rates subject to change without notice.
**Closing Costs Vary - Call for details (435) 864-4411.
Payment Example: If your line of credit balance is 1,000 your payment during the draw would be $12.50 per $1,000 borrowed for 2 years, and then a fixed payment of $13.88 per $1,000 borrowed for 8 years.
All Loans On Approved Credit (O.A.C.).
LTV: Loan-to-Value.
CLTV: Combined Loan-to-Value.