Skip to content
SuperMoney logo
SuperMoney logo
Home Equity Loans
Advertiser Disclosure

Last Updated: 04/18/2025

Members First Credit Union Home Equity Installment Loans

in Home Equity Loans from Members First Credit Union

Last Updated: 04/18/2025

Members First Credit Union Home Equity Installment Loans logo
No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate
Cast Your Vote icon

Cast Your Vote

Compare All Home Equity Loans

Filter & compare all your options in one place.

Filter & compare all your options in one place.

View All Products
Highlights icon

Highlights

Credit Score Range

600 - 850

Amount Range

N/A

Maximum LTV

100%

Loan Term (Years)

Up to 15
Speech bubbles icon

Members First Credit Union Home Equity Installment Loans Review

Members First Credit Union Home Equity Installment Loans is offered by Members First Credit Union (NMLS #824420), a credit union founded in 1936 and based in Midland, MI. Members First Credit Union Home Equity Installment Loans are available in 1 state.

Key Takeaways

  • Only primary residences considered. Members First Credit Union Home Equity Installment Loans does not offer financing for vacation homes or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Members First Credit Union Home Equity Installment Loans has a maximum loan to value ratio of 100%.
  • Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Members First Credit Union Home Equity Installment Loans.

Members First Credit Union Home Equity Installment Loans Pros & Cons

Members First Credit Union Home Equity Installment Loans FAQ

What are the home equity loan requirements of Members First Credit Union Home Equity Installment Loans

This lender's maximum loan to value rate is 100%. That means the total debt secured by the property cannot exceed 100% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $80k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Members First Credit Union Home Equity Installment Loans charge for a home equity loan?

Members First Credit Union Home Equity Installment Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Members First Credit Union Home Equity Installment Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Members First Credit Union Home Equity Installment Loans will consider loans secured by the following property types:
  • Primary home.

Is Members First Credit Union a legit company?

Members First Credit Union was founded in 1936, it is a well-established company that has been in business for 90 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Members First Credit Union Home Equity Installment Loans logo

Message from Members First Credit Union Home Equity Installment Loans

We're here to help with all of your lending needs! We understand that life is messy and sometimes things come up. Whether it is to finance something that is needed, or something that you want, we have the loan options here to help you do it. We understand that having money for what matters to you is important, and as your financial partner we are here to help. 

Contact

Headquarters

P.O. Box 2165
Midland, MI 48641
Visit Site
Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

Other Services by Members First Credit Union