Mortgage & Home Equity

Buying a home is one of the biggest decisions you’ll make.  Members Heritage is here to guide you step-by-step through the process.  Whether you are purchasing or refinancing a home, we are committed to providing you with the best service, as well as making the home financing process as easy and hassle-free as possible.

We offer a variety of mortgage loan options:

  • First Mortgages available in most states.
  • Flexible terms available: 10, 15, 20, or 30 years.
  • FHA loans and VA loans available.
  • Adjustable rate mortgages (ARM’s) and fixed rates mortgages offered.
  • Home insurance coverage plans available.
  • No prepayment penalty.

Gather These Documents to Apply for a Mortgage

Apply for a First Mortgage

With every mortgage payment you make, you’re building equity in your home. Why not use it for the things you want with a Members Heritage Home Equity Loan. These loans are secured by the equity in your property.

Fixed Home Equity Loans As Low As 1.99% APR!*
With a fixed, low rate now is the time for those home projects, new appliances and/or debt consolidation!  Make those projects “Green” and you could receive a discount!*

5 year term
No Prepayment Penalty
100% Financing Available
Go Green Discount

Limited Time Offer

*APR=Annual Percentage Rate. This credit union and its policies comply with the Equal Credit Opportunity Act. All credit offers and rates subject to approval. Minimum loan amount = $10,000. MHCU refinances require an additional $5,000 in new financing. Green discount will not go below floor rate. Proof of homeowners insurance is due at closing. MHCU is an equal housing lender. Promotion is valid in Kentucky and Indiana, only.  Limited Time Offer.

Need a low rate, but a longer term? 
Fixed Home Equity Loans As Low As 2.75% APR!**

Up to 15 year term
Limited Time Offer

**APR=Annual Percentage Rate. This credit union and its policies comply with the Equal Credit Opportunity Act. All credit offers and rates subject to approval. Minimum loan amount = $10,000. MHCU refinances require an additional $5,000 in new financing. Limited time only. Terms available up to 15 years.  Proof of homeowners insurance is due at closing. MHCU is an equal housing lender. Promotion is valid in Kentucky and Indiana, only.  Limited Time Offer.

Please review the following documents below as you apply:
HELOC Booklet
Home Equity Fact Sheet
Members Insurance Flyer

Apply Online – Individual Applicant
Apply Online – Joint Applicants

Joint Applicants – HELP Infographic

print an application

*APR=Annual Percentage Rate.  This credit union and its policies comply with the Equal Credit Opportunity Act.  All credit offers and rates subject to approval.  Minimum loan amount = $10,000.  MHCU refinances require an additional $5,000 in new financing.  Limited Time Offer.  Excludes title insurance expenses, if applicable.  Proof of homeowners insurance is due at closing.  MHCU is an equal housing lender.  Promotion is valid in Kentucky and Indiana, only.

 

 

 

 

 

 

Variable rate loan with a 7-year draw period (15-year repayment period).

  • Specific credit limit set; checks provided for easy access.
  • Minimum first time advance is $500; subsequent advances are $100 or more.
  • Loan-to-value ratio up to 100%.
  • No prepayment penalty.
  • Interest paid may be tax deductible (consult your tax advisor)
  • Available in KY and IN, only.

Please review the following documents below as you apply:
HELOC Booklet
Home Equity Fact Sheet
Members Insurance Flyer

Apply Online – Individual Applicant
Apply Online – Joint Applicants

Joint Applicants – HELP Infographic

print an application

You can email the completed application to HEprocess@mhcu.org
Contact the Lending Department at 800.359.3466 x 7374

*APR=Annual Percentage Rate.  This credit union and its policies comply with the Equal Credit Opportunity Act.  All credit offers and rates subject to approval.