MERCO wants to be your financial partner in one of the biggest purchases of your life. Personalized service and our expertise make your home buying-experience less stressful. We’re also here when you’re ready to use your home’s equity as a source of low-cost funds.
First Mortgage Loans
A home loan is often a family’s biggest debt. Why not work with people you know and trust, the home loan professionals at MERCO CU? MERCO offers loans up to $1 million.
MERCO’s home loans offer these advantages:
- Fixed rate mortgages
- Competitive rates and fees
- Payroll deduction – Have your monthly mortgage payment made automatically through the convenience of payroll deduction.
Second Mortgage Loans
Turn the equity in your home into financial buying power. Borrow up to 80% of the appraised value of your home, minus your first mortgage balance. You’ll receive a low rate and tax deductibility (consult your tax advisor).
Click here for current rates.