MCU Serviced Loans and Home Equity Loans

FAST DECISIONS - LOCALLY MADE

An in-house mortgage may be the perfect option for you.  We service the loan.  Fast closings times.  We make it our mission to find you the perfect loan. 

Look through your options below. 

Monthly installment mortgages have lower fees and offer competive rates as low as 4.74%

$395 Application fee plus other incidential fees such as title insurance, flood certificate, credit report, filing fees, and evaluation fee.

Maximum LTV is 90% OAC without mortgage insurance- can vary with loan options and credit

Land loans available - call for details.

Residential property must be located in Montana.  If you are looking at properties out of state, please click on our secondary market mortgage options. 

Terms and conditions can change without notice.

HELOC

 CURRENT PROMO RATE OF 6.99% for First 3 Years

  • Ideal for home improvement
  • Up to 80% of value
  • Seven year draw period
  • First or second lien position
  • Owner occupied only
  • Minimum payment $250 or interest, whichever is greater
  • After draw period, eligible to amortize repayment over a 10 year period
  • Variable rate based on an index  - Wall Street Journal (WSJ) prime plus a margin O.A.C.
    • Current Index is 7.25%
    • Index subject to change at any time
  • No annual fee
  • No prepayment penalty
  • No required draw when opened
  • Reprices once per year
  • Maximum repricing annually is 2%
  • Maximum lifetime rate is 10.50%
  • Minimum draw $100
  • Accessible online

CLOSED END MORTGAGE

  • Up to 15 year repayment 
  • Up to 90% of Value
  • Fixed rate for the life of the loan
  • No prepayment penalty
  • Owner occupied Primary/Vacation/Second homes-1st Lien *no investment properties*
  • Accessible online
  • Rates 4.74% - 10.49% OAC
  • First lien position might requrie escrows
  • Second lien up to $300,000
    • Owner occupied ONLY
  • Purpose can be for purchase or home equity

BALLOON
 

  • Up to 90% of Value
  • Owner occupied only!
  • Amortized up to 30 years
  • Balance due in up to 15 years
  • Fixed rate
  • No prepayment penalty
  • First lien position only
  • Escrows required
  • Accessible online
  • Rate's 4.74% - 9.24% OAC

Manufactured Homes                                                                                                                                         

  • Amortized up to 15 years
  • First lien position fixed rate
  • Call for rates
  • Age of collateral is restricted

CLICK HERE TO GET STARTED