Tackle big projects - or take on anything else on your to-do list

In financial terms, home equity is the market value of your home minus your mortgage balance. In practical terms? That equity is your ticket to a low-cost loan that can be used for almost anything, from remodeling projects, major purchases and debt consolidation to family vacations and college costs. You can access home equity funds two ways - as a lump sum and a line of credit. Our friendly lending team can help you choose.

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Home Equity Loans

• Get all your money as soon as the loan is approved
• Fixed rate on your loan
• Borrow up to 80% of the equity in your primary or secondary home
• Loans from $5,000 to $200,000
• No closing costs³
• Flexible repayment periods, from 5 to 15 years
• Annual interest charges may be tax-deductible (consult your financial advisor)

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Home Equity Line of Credit (HELOC)

• Get access to a pool of money that you can tap into as often as you wish for any reason¹
• Credit limit is 85% of the equity in your primary or secondary home
• Variable loan rate based on Prime Rate minus .50%.
• Loans from $10,000 to $200,000
• No closing costs³
• Access credit line for 20 years - then take 20 years to repay any remaining debt
• Tap into funds through Online Banking or our Mobile App, calling 301-586-3400, or at a branch.
• Pay interest only on funds you have used
• As you repay what you've borrowed, the money is available again for other purposes

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Home Equity

• Home Equity Line of Credit Calculator
• Home Equity Debt Consolidation Calculator

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¹Up to available credit limit, as determined by LTV and credit worthiness. Minimum Home Equity Line of Credit is $10,000.

²Home Equity Line APR (annual percentage rate) is variable and the maximum APR is 18%. Rate is Prime – 0.50%. Subsequent rate changes occur quarterly based on the Prime Rate, which was 8.00% as of 9/19/2024. The minimum standard APR that can apply is 3.25%.

³Closing costs will be waived if you (a) take an initial advance of $20,000, and (b) maintain our Security Interest in the Security Property for at least 36 months. Closing costs typically range from $0.00 to $1,500.

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Market USA Federal Credit Union is a full-service financial institution with locations in Maryland and South Carolina as well as nationwide locations through the Shared Branch Network.