Real Estate Lending

Look no further--MEFCU means affordable mortgages. Interest rates are still very low, but who knows what the future will bring? Buy or build a new home, downsize to something smaller, refinance to lower your monthly payments, or tap into your equity.

You can finance your primary residence, whether it's a single-family home, condominium or townhouse. Conventional, jumbo and adjustable rate mortgages (ARM) are available with terms based on your needs:

Account Features:

  • 15-year and 30-year fixed rates or adjustable rates--see mortgage rates for more information

  • Conventional and jumbo loans

  • Prequalification available at no extra charge

  • Automatic payments are available

Apply now for a mortgage, or for personal assistance, call 1-800-821-7280 to speak with a mortgage loan specialist.

Home Equity

Borrow against the equity built up in your home with a MEFCU Home Equity Line of Credit or a fixed rate Home Equity Loan. Make home improvements, consolidate debt, pay for education expenses, buy a car, pay income tax, or use it for any other large purchases you want.

Equity is the difference between your home's market value and the amount owed on your mortgage. If the market value of your home is $250,000 and your mortgage balance is $150,000, your equity would be $100,000.

Since your home secures the loan, interest rates are typically lower than what you pay on a credit card or signature loan

Members have two home equity borrowing options:

  • Home Equity Line of Credit--borrow only what you need from a revolving line of credit at a variable interest rate

  • Fixed-Rate Home Equity Loan--borrow a specific dollar amount at an interest rate fixed when the loan is closed

To apply, call 1-800-821-7280 (301-634-5100 in the Washington, DC area) to speak with a Home Equity Specialist.