Marion Center Bank

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Our Spring Loan Promotions are here!

If it's important to you, it's important to us! Whether you're looking to buy, build, remodel or interesting in refinancing - we have great rates and various terms available.

Home Equity Line of Credit Special

Introductory rate for 9 months 0.50%* 3.25%

*0.50% APR (Annual Percentage Rate) introductory rate period will be in effect for 9 months. After the 9 month introductory period, the variable APR will revert to Wall St. Journal Prime with a maximum APR of 16.00%. A $10,000.00 advance must be taken at closing in order to receive the introductory rate. Borrower is limited to a one time only discounted introductory interest rate and closing cost waiver. The bank will waive closing costs for first lien position on a primary residence with $10,000 in new money, with the exception of an appraisal (if required). Refinancing of MCB debt requires $10,000.00 in new money. Lines closed within 36 months of origination date will be subject to a $250.00 early termination fee. A $25.00 annual fee will apply to all lines and charged on the anniversary date of the line. Credit qualifications, maximum 89% loan-to-value, property and flood insurance (if applicable) are required.

Home Equity Loan Specials

TermsRateAPRPayment per $1,000
5 Year Fixed 2.99% 3.051% $17.96
10 Year Fixed 2.99% 3.023% $9.65
15 Year Fixed 2.99% 3.013% $6.90
20 Year Fixed 3.49% 3.509% $5.54

*APR’s (Annual Percentage Rate) listed above are for a Home Equity Loan meeting credit qualifications and 89% loan-to-value. Property and flood insurance (if applicable) are required. Primary residences only. Minimum loan amount of $20,000.00 is required to receive the promotional rate offer. If refinancing existing MCB debt, $20,000.00 in new money is required to receive the promotional rate. Monthly payment does not include taxes or insurance; inclusion of these items will increase the payment. The bank will waive all closing costs with the exception of an appraisal (if required). Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR.


Residential Mortgage Loan Specials

TermRateAPRPayment Per $1,000
5 Year Fixed: Purchase/Refinance 2.39% 2.492% $17.70
5 Year Fixed: Construction 2.39% 2.592% $17.70
10 Year Fixed: Purchase/Refinance 2.49% 2.543% $9.38
10 Year Fixed: Construction 2.49% 2.595% $9.38
15 Year Fixed: Purchase/Refinance 2.49% 2.527% $6.66
15 Year Fixed: Construction 2.49% 2.562% $6.66
20 Year Fixed: Purchase/Refinance 2.74% 2.796% $5.42
20 Year Fixed: Construction 2.74% 2.796% $5.42

*Mortgage APR (Construction) is calculated based on a $100,000.00 loan with a $500.00 loan origination fee and $10.00 life of loan flood determination fee. Mortgage APR (Purchase/ Refinance) is calculated based on a $100,000.00 loan with a $250.00 loan origination fee and $10.00 life of loan flood determination fee. APR’s (Annual Percentage Rate) listed above are for fixed rate Mortgage Loans that meet the following credit qualifications: Rate is available with a minimum credit score of 740 to qualify (other rates available based on credit score), loan-to-value up to 97% (subject to loan parameter qualifications), property and flood insurance (if applicable) are required, and property is a primary residence. Escrow accounts may be required for payment of property taxes, homeowners insurance, PMI (Private Mortgage Insurance, if applicable), and flood insurance (if applicable). Rate includes a .25% discount for automatic payment from a MCB deposit account; cancellation of the automatic payment will result in a higher rate and higher APR.. Loan-to-value over 80% requires PMI. Maximum loan-to-value for Construction Loans is 85%. In order to receive the offered rate, a minimum of $10,000.00 borrowed is required. If refinancing existing MCB debt, $10,000.00 in new money is required. Cost of appraisal and closing fees are the responsibility of the applicant. Title insurance may be required. All loans are subject to approval, and other terms, conditions, and fees may apply.

All above listed Spring Loan Promotional rates are effective as of publication date and subject to change or be withdrawn without notice. Contact a lender near you for details.


Get our promotional loan rates AND a checking account that monitors your credit! Open a Perks Plus Membership Checking Account and get Ultimate ID™, a comprehensive credit monitoring program offered by Benefits Plus®.

Your complete Benefits Plus® Signature membership includes:

  • 3 Bureau Credit Monitoring
  • Internet Monitoring
  • Credential Vault
  • Instant Inquiry Alerts
  • Score Tracker
  • Managed Identity Fraud Research
  • Remediation and Recovery Services
  • Lost Document Replacement Services

Also included in your membership:

  • A variety of banking benefits and services
  • Accidental Death & Dismemberment ($10,000 coverage)
  • For more information, please visit our Benefits Plus® page or contact an office near you for complete details

Other checking accounts are available. Ask to see a checking account agreement, disclosure of account terms, and rules and regulations for complete details for each account.

Other Home Financing Options available:

Our USDA, FHA, and VA loan programs apply to any purchase or refinance. All programs offer the option to choose between a competitive market based fixed or variable rate. 

USDA Loans:
  • Allows 100% financing of the purchase price for qualified borrowers
  • Seller assist is available towards closing costs (Acceptable gifts allowed)
  • Household income limitations apply
FHA Loans:
  • As little as 3.5% down payment
  • Acceptable gifts allowed
  • Seller Contribution allowed
  • More flexible credit guidelines compared to conventional financing
VA Loans:
  • Allows 100% financing to qualified borrowers
  • No monthly mortgage insurance required
  • Seller can cover closing costs and escrows

Contact an MCB lender today for complete details on any of the above financing options.





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