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Rates

Missouri Valley offers competitively low rates on home equity loans, so that you can fund virtually any want or need.

Consolidate debt, prepare for the future, or plan your next getaway. You'll receive personalized service from our loan experts who truly care about your unique situation and needs. Make the most of your hard-earned equity, and apply today.

Our competitive Home Equity Solutions are a great low-rate alternative for several short or long term lending needs such as:

  • Home Remodel Projects
  • Debt consolidation
  • Major life events
  • Education expenses
  • And much more!

Both of our Home Equity loan solutions offer local decision-making and processing in St. Charles County. Attentive, friendly service from start to finish!!

 

Visit our online Mortgage Center for more information about purchasing or refinancing a home. 

A great option for when you have a project in mind and know the cost. This solution let's you take a set amount of money at a fixed rate and term.

Borrow from $5,000 to $100,000 at a competetive, fixed rate. 

  • Borrow up to 90% of your home’s equity 
  • Deduct your interest from your taxes (if eligible)1
  • Never pay an annual fee or prepayment penalty
  • No out of pocket closing costs

We offer a  number of accommodating repayment terms that work uniquely for your needs.

Have ongoing needs or projects? A HELOC2 may be a better option for you than a fixed loan. Apply just once and then reuse funds whenever you need them during your draw period.

Borrow from $5,000 to $100,000 at a competetive adjustable rate. 

  • Borrow up to 90% of your home’s equity 
  • Deduct your interest from your taxes (if eligible)1
  • Never pay an annual fee or prepayment penalty
  • No out of pocket closing costs

Plus...

  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via transfers to a MOVFCU account, debit card or checks

See tax advisor for tax deduction eligibility.  

2 APR–Annual Percentage Rate. Variable Rate Home Equity Line of Credit rates are subject to change annually. Rates, terms and conditions may vary based on creditworthiness, qualifications or collateral conditions. Rate will not be lower than 4.00% APR and will not exceed 18.00% APR.  All loans subject to approval. Properties securing home equity lines of credit must be secured by your primary single family residence located within St. Louis City and the Missouri Counties of St. Louis, St. Charles, Jefferson, Franklin, Warren and Lincoln. Up to 90% maximum combined loan-to-value (including prior mortgages or liens) The minimum line amount if $5,000.00 up to a maximum of $150,000.00. Initial advance of $5,000.00 is required. HELOC will have a five year draw period with an additional ten years to repay.  The adjusted rate shall be based on published prime rate as of the 15th day of December before the change date (Beginning on January 5th) plus the original margin. Property insurance will be required and flood insurance where necessary.

Missouri Valley Federal Credit Union is registered with the National Mortgage Licensing System (NMLS #519898). Visit the NMLS Consumer Access site to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state.

 

WHAT YOU SHOULD KNOW ABOUT HOME EQUITY LINES OF CREDIT