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Home Equity Lines of Credit
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Last Updated: 04/18/2025

MembersFirst Credit Union Home Equity Line of Credit

in Home Equity Lines of Credit from MembersFirst Credit Union

Last Updated: 04/18/2025

MembersFirst Credit Union Home Equity Line of Credit logo
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Highlights

Credit Score Range

600 - 850

Amount Range

$10,000 - $500,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

10 - 15

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MembersFirst Credit Union Home Equity Line of Credit Review

MembersFirst Credit Union Home Equity Line of Credit is offered by MembersFirst Credit Union (NMLS #452961), a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union Home Equity Line of Credit are available in 1 state.

Key Takeaways

  • Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for MembersFirst Credit Union Home Equity Line of Credit.
  • Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

MembersFirst Credit Union Home Equity Line of Credit Pros & Cons

MembersFirst Credit Union Home Equity Line of Credit FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does MembersFirst Credit Union Home Equity Line of Credit charge for a HELOC?

MembersFirst Credit Union Home Equity Line of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with MembersFirst Credit Union Home Equity Line of Credit?

MembersFirst Credit Union may consider HELOCs secured by the following property types:
  • Primary residences
  • Secondary or vacation homes

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MembersFirst Credit Union Home Equity Line of Credit logo

Message from MembersFirst Credit Union Home Equity Line of Credit

A MembersFirst Home Equity Line of Credit gives you access to an open line of credit based on the available equity in your home. Take all the time you need to complete your home improvements – your payments are based only on the amount of your outstanding balance. When you need additional funds to complete the project, accessing your line of credit is as easy as picking up the phone. A MembersFirst Home Equity Line of Credit also features a low adjustable rate – as low as the prime rate minus 1%!


Contact

Headquarters

P.O. Box 33189
Decatur, GA 30033
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Hours of Operation

Sunday
Closed
Monday
9:00AM - 4:30PM
Tuesday
9:00AM - 4:30PM
Wednesday
10:00AM - 4:30PM
Thursday
9:00AM - 4:30PM
Friday
9:00AM - 4:30PM
Saturday
9:00AM - 1:00PM

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