You have dreams, we have money!
To achieve your goals in life, sometimes you need to borrow money. You can trust MCB to help you select the right loan solution to fit your monthly allotted budget. We will help educate you on a variety of interest rate options and payment terms.
All of our lending solutions can be managed online, over the phone or in person at one of our local branches.
With our NEW Home Equity Line of Credit Rate Lock feature, you now have the option to lock in your rate on a portion(s) of your MCB HELOC balance. In a rising rate environment, a variable interest rate may cause concern when it comes to your monthly payment. Our new rate lock feature allows you to lock in a portion of your outstanding home equity line of credit balance at a low fixed rate. With the rate lock, you control how much your monthly payment is and for how long. Contact your local lender today for details!
| Purchase Mortgage Loans | |
|---|---|
Purchase Mortgage Loans Loan Maximums | Up to 97% Loan-To-Value* |
Purchase Mortgage Loans Escrow Accounts | May be required for payment of property taxes and homeowners insurance for all new loans, and flood insurance if collateral is located in a flood zone. |
Purchase Mortgage Loans Automatic Monthly Payments | A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate! |
Purchase Mortgage Loans Get Pre-Qualified | Get a pre-qualification at no charge. |
| Construction Loans | |
|---|---|
Construction Loans Loan Maximums | 85% Loan-to-Value |
Construction Loans Application Process | With one application, one closing, and one competitive fixed or adjustable interest rate, we make the process from construction through permanent financing easy. |
Construction Loans Escrow Accounts | May be required for payment of property taxes and homeowners insurance for all new loans, and flood insurance if collateral is located in a flood zone. |
Construction Loans Prepayment Penalties | None |
Construction Loans Automatic Monthly Payments | A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate! |
Construction Loans Loan Approval and Servicing | Local decision making allows for quick turnaround time on loan approvals. We also strive to provide the most personalized and flexible solution for our customers. |
| Home Equity Line of Credit | |
|---|---|
Home Equity Line of Credit Loan Maximums | Up to 89% of your home’s combined Loan-to-Value, Primary residence only |
Home Equity Line of Credit Terms | Maturing |
Home Equity Line of Credit Rate | Adjustable based on Prime Rate** |
Home Equity Line of Credit Minimum Line Amount | $10,000.00 |
Home Equity Line of Credit Maximum Line Amount | $250,000.00 |
| Ready Reserve Loans | |
|---|---|
Ready Reserve Loans Collateral | None |
Ready Reserve Loans Terms | Non-Maturing |
Ready Reserve Loans Rate | Adjustable rate based on Prime Rate** with a floor rate of 8.00% APR and a ceiling rate of 16.00% APR |
Ready Reserve Loans Minimum Line Amount | $500.00 |
Ready Reserve Loans Maximum Line Amount | $10,000.00 |
| Home Equity Loans | |
|---|---|
Home Equity Loans Loan Maximums | Up to 85% of your home’s combined Loan-to-Value |
Home Equity Loans Rates | Fixed rate based on term selected. Contact a lender for our current rates. |
Home Equity Loans Escrow Accounts | May be required for payment of property taxes and homeowners insurance for all new loans, and flood insurance if collateral is located in a flood zone. |
Home Equity Loans Automatic Monthly Payments | A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate! |
| Personal Unsecured Loans | |
|---|---|
Personal Unsecured Loans Collateral | None |
Personal Unsecured Loans Terms | Up to 5 years |
Personal Unsecured Loans Rate | Call for current personal unsecured rates |
Personal Unsecured Loans Minimum Loan Amount | $2,500.00 |
Personal Unsecured Loans Maximum Loan Amount | $15,000.00 |
1 A 0.25% discount for an automatic payment from a MCB deposit account. Discounts apply only to fixed rate mortgage products.
All loans are subject to credit approval by the bank.
*The MCB App is free to download. Your mobile carrier may charge access fees depending upon your individual plan. Web access is needed to use the Mobile Banking App. Check with your carriers for specific fees and charges. Message and data rates may apply.
Refer to our Schedule of Account Fees for monthly services fees.
Simply give us a call or stop in. We’re happy to help guide you through your choices based on your needs. New or Used car in your future? Call and ask about Auto Loan Rates.
