Loan Types available:
- Conventional mortgage options available for purchase, refinance, construction, or 2nd home financing. USDA, FHA and VA loans available.
- All programs offer the option to choose between a competitive market based fixed or variable rate.
- What documents you will need to to supply to MCB to apply for a Mortgage and Home Equity Loan is listed on our Mortgage and Home Equity Checklist
Purchase Mortgage Loans
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Loan Maximums
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Up to 97% Loan-To-Value*
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Escrow Accounts
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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.
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Automatic Monthly Payments
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A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate!
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Get Pre-Qualified
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Get a pre-qualification at no charge.
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*Loan-To-Value's over 85% require Private Mortgage Insurance.
Construction Loans
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Loan Maximums
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85% Loan-to-Value
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Application Process
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With one application, one closing, and one competitive fixed or adjustable interest rate, we make the process from construction through permanent financing easy.
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Escrow Accounts
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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.
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Prepayment Penalties
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None
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Automatic Monthly Payments
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A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate!
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Loan Approval and Servicing
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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.
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Home Equity Line of Credit
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Loan Maximums
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Up to 89% of your home’s combined Loan-to-Value, Primary residence only
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Terms
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Non-Maturing
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Rate
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Adjustable based on Prime Rate**
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Minimum Line Amount
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$10,000.00
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Maximum Line Amount
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$250,000.00
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**Prime rate is based on the current published Wall Street Journal Prime rate.
Ready Reserve Loans
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Collateral
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None
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Terms
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Non-Maturing
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Rate
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Adjustable rate based on Prime Rate** with a floor rate of 8.00% APR and a ceiling rate of 16.00% APR
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Minimum Line Amount
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$500.00
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Maximum Line Amount
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$10,000.00
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**Prime rate is based on the current published Wall Street Journal Prime rate.
Home Equity Loans
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Loan Maximums
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Up to 85% of your home’s combined Loan-to-Value
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Rates
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Fixed rate based on term selected. Contact a lender for our current rates.
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Escrow Accounts
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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.
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Automatic Monthly Payments
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A scheduled auto debit of your monthly payment from a MCB checking account will allow you to receive extra .25% discount1 on your rate!
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Personal Unsecured Loans
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Collateral
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None
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Terms
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Up to 5 years
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Rate
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Call for current personal unsecured rates
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Minimum Loan Amount
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$2,500.00
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Maximum Loan Amount
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$15,000.00
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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.
Still unsure which loan solution is right for you?
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.
Contact Us Visit a Location
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