Buying a new home or refinancing your current mortgage? Click below for the latest low rates.

Member Advantage Mortgage

Looking for a HELOC or Fixed Rate Equity Loan?
See rates below:

All rates, terms and conditions are subject to change without notice.

*Annual Percentage Rate (APR) is accurate as of 09/01/19 and is subject to change without notice. An introductory Annual Percentage Rate (APR) as low as 1.99% for the first twelve billing cycles with a periodic rate of 0.00545%. Thereafter, the APR will be set on the last business day of each month which will be either a floor rate of 3.00% APR with a periodic rate of 0.00822%, or, 0.25% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Floor rate is 3.00% APR. Draw period is 10 years with 10 additional years to repay. Equity determined by taking 80% of property value and deducting balance of any mortgages. If appraisal is required the charge will range from $400 to $550. The minimum loan amount is $10,000 and the maximum is $150,000. Property insurance required. Rate subject to change after consummation. Worcester Credit Union members must maintain a $5 deposit relationship. Offer applies to owner occupied primary residences only. Offer may be withdrawn without notice. All requests subject to credit approval. Actual rate and margin offered may be adjusted based on your credit history and other factors that could impact our actual rate. This may result in higher rate than our published rate.


Home Equity Fixed Rate
(Effective: Thu. November 14, 2019)
Type Interest Rate APR*** Monthly Payments
per $1000 borrowed
5 Year Home Equity Loan 3.99% 3.99% $18.41
10 Year Home Equity Loan 4.50% 4.50% $10.36
15 Year Home Equity Loan 4.75% 4.75% $7.78
20 Year Home Equity Loan 5.50% 5.50% $6.88


Retire Your Mortgage
(Effective: Thu. November 14, 2019)
Type
Interest Rate
APR*** Monthly Payments
per $1000 borrowed
10 Year Term 4.25% 4.25% $10.24

Fill out the Retire Your Mortgage application online and pay off your mortgage on a date you want and be DONE!

Retire Your Mortgage – Apply Now

All rates, terms and conditions are subject to change without notice. All rates and approval depend on credit worthiness and other qualifications.

***APR = Annual Percentage Rate – for Loan Accounts