1st Mortgage
Up to $350,000.00
30 or 40 year Term
5.00% APY | 75% LTV
15/15 ARM | Adjustment to Prime +0.75%, Max Increase of 4.00%
Home Equity
Up to $35,000.00
10 Year Term
6.00% APY | 75% LTV
30/10 Balloon | No Prepayment Penalty after 1st Year
Fix & Flip Investor
Up to $300,000.00
18 month term | Interest Only
9.99% APY | 50% LTV
Kings, Queens, Nassau & Suffolk Only | Non-Owner Occupied | 1-4 Family Residential | Personally Guaranteed
MRFCU offers a range of Automobile Loans:
- New & Used Purchase
- Private or Dealer Sales
- Lease Buyout & Refinances
- Equity Cash-Outs
MRFCU Whether for Vacation, Home Improvement, or Bills, our flexible personal loan program is perfect to get you the funds you need.
Save yourself the hassle and interest payments, consolidate your high interest cards and debts into one lower-interest easy-to-manage debt consolidation loan.
Our In-House mortgage programs provide you with a diverse options of home lending, from 1st Mortgages of up to 40 year terms, home equity loans, and short term investor mortgages.
A Share-Secured Loan is a way to borrow against your own funds. Many choose this option to take advantage of a lower interest rate while still earning our high savings interest, or, to make sure they repay themselves.
We are happy to offer Boat Loans to our members, and help them enjoy that aspect of being an Islander!