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Home Equity Loans


Are you looking to remodel your home, install a swimming pool, or buy a car? Take advantage of the value of your home with a Home Equity Loan through Merck Employees Federal Credit Union. With highly competitive loan rates, we are ready to join you on your next exciting journey!

The credit union offers a home equity line of credit, also known as a HELOC. It is a line of credit, secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debit on other loans.

Loan-to-value cannot exceed the following:

  • 80% if you are borrowing up to $100,000

  • 70% if you are borrowing up to $200,000

Home Equity Lines of Credit are variable rate loans indexed at the Prime Lending Rate as set forth in the Wall Street Journal. For access to the current prime rate information click here.  Rates can change on January 1, April 1, July 1 and October 1 of each year.

The credit union also offers a fixed rate home equity loan, which allows you to borrow and repay a lump sum. Fixed rate home equity loans through the credit union are offered in 5 or 7 year terms with a maximum of $50,000 borrowed.

**Primary residences only. Additional costs may apply. A fee applies anywhere a walk-thru appraisal is required. Click here for Current interest rates and terms

Apply for Home Equity Loans

Take a Home Equity Advance

1st Mortgages

Buying your first home is an exciting, big step, and Merck wants to join you on this new journey!  With our easy online application, you can be on your way in as little as 20 minutes.

  • Finance primary homes and multiple family dwellings (to 4 units)

  • Conventional and Jumbo fixed and adjustable rate Mortgages with terms available

  • No/low points or origination fee

  • Mortgage Rates updated every business day

Apply for a 1st Mortgage