Mortgage Loans

Extended Terms up to 40 Years!

Smooth Application & Closing Process

Multiple Programs To Fit Your Needs

 

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%

Sample Rates

30 Years

5.00 %

APR∗

$134.25

Price per $25,000.00

40 Years

5.00 %

APR∗

$121.61

Price per $25,000.00

Home Equity

   Up to $35,000.00

   10 Year Term

   6.00% APY |  75% LTV

   30/10 Balloon | No Prepayment Penalty after 1st Year

Sample Rate

$35,000.00

6.00 %

APR∗

$209.92

30/10 Balloon Home Equity 

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

Sample Rates

$50,000.00 

9.99 %

APR∗

$416.25

18 Months Interest Only

$100,000.00

9.99 %

APR∗

$832.50

18 Months Interest Only

$300,000.00

9.99 %

APR∗

$2497.50

18 Months Interest Only

Interested in Learning More?

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Auto Loans

MRFCU offers a range of Automobile Loans:

  1. New & Used Purchase
  2. Private or Dealer Sales
  3. Lease Buyout & Refinances
  4. Equity Cash-Outs

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Auto Loans

Personal Loans

MRFCU Whether for Vacation, Home Improvement, or Bills, our flexible personal loan program is perfect to get you the funds you need.

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Personal Loans

Debt Consolidation

Save yourself the hassle and interest, consolidate your high interest cards and debts into one lower-interest easy-to-manage debt consolidation loan.

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Debt Consolidation

Mortgages

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.

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Mortgages

Share-Secured Loans

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.

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Share-Secured Loans

Boat Loans

We are happy to offer Boat Loans to our members, and help them enjoy that aspect of being an Islander!

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Boat Loans