* APR’s accurate as of 4/1/18 & subject to change. Prime Rate is variable, currently 4.75% as listed in Wall Street Journal however the APR will never be less than 3.99% APR or more than 18% APR. Early termination fee of $1250 for Lines of $75,000 or more & $500 for Lines under $75,000, if closed within 3 years. Auto pay from eChoice Checking required with $25 min deposit to open. Available for owner occupied, 1-4 family properties with max LTV of 75%. Min Line amount of $25,000, max $500,000. Monthly payments during the draw period will be based on interest due plus .05% of your outstanding balance. During the repayment period you will pay an amount of principal and interest sufficient to repay the loan over 10 years. 10 years draw period followed by a 10 year amortized repayment period. New Lines of Credit only. Subject to credit approval. Other restrictions may apply.

Mechanics Cooperative Bank has easy-to-understand mortgage programs and Mortgage Specialists standing by to answer any questions. What else could you ask for in a mortgage?  The comfort of applying from home and the security of a knowledgeable Mortgage Specialist just a call or click away!  We pride ourselves on matching customers with the right mortgage and offer convenient terms, competitive rates, and fast approvals!

Home Improvements, debt consolidation, a new car or a dream vacation – all are possible through our Fixed Term Equity Loan product! With competitive fixed rates and convenient payment terms, your budget won’t change even if rates go up. Mechanics Cooperative Bank will finance up to 75% of the Appraised Value of the property, less any existing mortgage balance.

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15 Year Fixed Rate
 Rate  APR  Points
 4.125%  4.207%  0.000%
20 Year Fixed Rate
 Rate  APR  Points
 4.375%  4.499%  0.000%
30 Year Fixed Rate
 Rate  APR  Points
 4.625%  4.716%  0.000%

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