What is it?

You can remodel your kitchen, put on a new deck, pay off your holiday bills, pay for college and more. All you need is a Money One Home Equity Loan!

What are the Benefits?

  • Low, competitive rates
  • Interest is typically tax deductible*
  • Apply online for fast approvals
  • Personal, customized service

Home Equity Line of Credit

  • Low variable rates**
  • Open-ended line to access as needed
  • Only pay interest on what you use
  • Lines up to 80% of your home equity
  • $10,000 minimum initial withdrawal

Fixed Rate Home Equity Loan

  • Terms from 5-10 years
  • Loans up to 80% of your home equity
  • $10,000 minimum loan

Check out our current rates

Low-cost Debt Protection available

MOFCU offers home equity loans and lines to residences in MD, DC, and VA only.

Get in Touch

We look forward to speaking with you about home equity loans!

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*Consult a tax advisor.

**APR = Annual Percentage Rate. Minimum 4.00% Annual Percentage Rate. Rates may be higher and or variable depending on credit history.  Member reimburses Money One any paid closing costs if loan remains open less than 36 months. 5/1 Home Equity Line of Credit rate is tied to prime; Rate is variable & can increase up to 2.00% once every year after first 5 years. Lifetime maximum adjustment of 4.00%. Maximum interest rate is 18.00%. Maximum 75% Loan to Value (LTV). Floor rate is 4.00%. A minimum draw of $10,000 is required at time of closing. Draw period is 8 years. Property insurance may be required. For loan amounts up to $250,000, closing costs that members must pay typically range between $150 and $1,200. Closing costs depend on the location of the property, property type and amount of the Equity Loan. Other restrictions may apply. Limited time  – Money One will give $250 towards your closing costs on a 15,000 loan & $500 in closing costs toward a $25,000 loan after settlement. This is a limited time offer and subject to change at any time. This offer is only for new HELOCs, includes refinances from another institution.

A sample Home Equity loan payment based on $100,000 at 6.25% (fixed) APR for 20 years is $731.
A sample Home Equity loan payment based on $10,000 at 4.00% (variable) APR for 5 years is $184.
A sample Home Improvement loan payment based on $10,000 at 9.75% APR for 5 years is $211.

Call us (301) 925-4600

Monday-Friday 8:30am-4:30pm

or Contact Us online anytime