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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.

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment term options that work uniquely for you
  • The interest paid might be tax deductible1

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

 

 

 

 

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 (maximum loan amounts apply)
  • Deduct your interest from your taxes (if eligible)1
  • Never pay an annual fee or prepayment penalty

Plus...

  • Funds can be used for a number of financial needs, such as:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!

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!

Like our Fixed-Rate solution, we offer competitive rates for several ongoing or seasonal needs such as:

    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!

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 specified MOVFCU share account or checks upon request
  • The interest paid might be tax deductible1

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