Specialty Home Equity Lending
Plan Big With a MidFirst Specialty Home Equity Line of Credit (HELOC) or Home Equity Loan!
Our Specialty Home Equity Line of Credit and Home Equity Loan products have flexible underwriting and affordable options to fit your needs.
Receive a $100 gift card when you complete your application*
Receive a $200 gift card after closing*
To learn more about our home equity products and services, contact a loan officer at 866.817.0237 or by filling out the form below.
Specialty Home Equity Line of Credit* (HELOC)
This specialty HELOC has flexible underwriting requirements to suit your needs.
- Borrow up to $100,000
- No closing costs
- Many convenient ways to access your funds
- Fixed rates available through a rate lock option
Specialty Home Equity Loan*
Our specialty small-dollar Home Equity Loan is a fixed-rate loan with flexible underwriting requirements.
- Borrow up to $6,500
- No closing costs
- Repayment time of 5 years
Specialty Home Equity Rates
| Product | Annual Percentage Rate (APR) as low as† |
|---|---|
| Specialty Home Equity Line of Credit - Variable Rate | 6.70% |
| Specialty Home Equity Loan - Fixed Rate | 3.50% |
Specialty Home Equity Line of Credit (HELOC): The Annual Percentage Rate (APR) is variable and will vary based on the prime rate (the index) as published in the Wall Street Journal plus a margin. Maximum APR of 21.00%. Credit line loan-to-value ratio cannot exceed 100%. The minimum allowable credit line is $1,000 and the maximum is $100,000. Advertised rates are subject to change without notice and at any time, may vary by location and are based on creditworthiness, loan amount, and loan-to-value ratio. Property insurance required, including flood insurance, if applicable, on property securing the loan. Fees: There is an optional Rate Lock fee associated with this product. If you choose to lock a portion of the outstanding balance of the line of credit into permanent financing, a $50 lock fee will apply for each portion you choose to lock; $5,000 minimum lock amount; maximum of three outstanding locks per line of credit. †Automatic Debit Discount: APR above includes a 0.50% discount, which is available for customers setting up an automatic debit from any MidFirst account. The 0.50% automatic debit discount will be removed immediately upon discontinuation of the automatic debit payment.
Specialty Home Equity Loan: The Annual Percentage Rate (APR) listed above is based on a period of repayment of 5 years. The minimum allowable loan amount is $1,000 and the maximum is $6,500. Specialty Home Equity Loan Example: As of the date listed above, the advertised APR is based on a loan amount of $2,500, a term of five years, APR of 3.50%†, with a minimum credit score of 550, maximum debt to income of 75%, and a monthly payment amount of $46.04. Advertised rates are subject to change without notice and at any time, may vary by location and are based on creditworthiness, loan amount and loan-to-value ratio. Property insurance required, including flood insurance, if applicable, on the property that secures the loan. Payment amounts do not include taxes and insurance premiums. Your overall payment obligations may be greater. †Automatic Debit Discount: APR above includes a 0.50% discount, which is available for customers setting up an automatic debit from any MidFirst account. The 0.50% automatic debit discount will be removed immediately upon discontinuation of the automatic debit payment.