A Members 1st Home Equity Freedom Line of Credit provides a reserve of equity funds available anytime you need it.

The Home Equity Freedom Line of Credit is available in Pennsylvania and Maryland only. For non-members, you'll be required to join Members 1st to meet eligibility requirements.


With every mortgage payment, you build equity in your home. Equity is that difference between how much your home is worth and the remaining balance on your mortgage. You can use your home's equity to pay for things like home improvements, a special vacation, a wedding, college, medical bills or some other type of unexpected expense.

Limited Time Offer


Get the cash you need with a variable rate line of credit with the option to lock-in a fixed rate on portions of what your borrow.2

(1) APR=Annual Percentage Rate. Home Equity Freedom Line of Credit (Line of Credit) introductory rate of 1.99% APR is subject to change without notice. Introductory APR is available for all new lines of credit for a 6-month period of time from the date of the line of credit account opening. Minimum $5,000 line amount to open. Refinancing of existing Members 1st equity loans and lines of credit are excluded from introductory APR. The introductory APR will automatically terminate at the end of the 6-month introductory period. No notice to borrower required. Upon expiration of the introductory rate, the advertised regular rate applies to credit worthy borrowers with property values equal to 80% loan to value (LTV) and below. The advertised regular line of credit rate is based on Prime Rates published in the Wall Street Journal on the last business day of the previous month plus or minus a margin with a floor of 3.00%. Maximum rate of 18%. Your APR may vary. All balances will accrue interest at the variable APR in effect for your account based on LTV and credit worthiness. The Home Equity Freedom Line of Credit permits borrowing up to 100% of the available equity in a primary residence and rates may vary based on creditworthiness and loan-to-value (excludes rental properties).

(2) Fixed Term Option: You may lock in all or a portion of your line as a fixed term loan up to three fixed terms at one time. Terms available from 1 year to 15 year maximum. Minimum $5,000 to lock-in. Fixed term APR may vary based on term chosen. Your first fixed term lock option is free and subsequent lock options are subject to a $100 processing fee. Balances you choose to lock in at the fixed rate of interest must be repaid in substantially equal monthly payments of principal and interest. The total monthly payment under the Line of Credit will include repayment of the total of all advances under the Line of Credit to date, in addition to and including the advance(s) for fixed term lock option(s).

Fees: Members 1st FCU will pay all closing costs in conjunction with the Line of Credit agreement. If your Line of Credit is paid in full and closed within 36 months, you may be required to reimburse all third party fees paid on your behalf upon closing your account.

Property insurance is required. Other restrictions or conditions may apply. This offer may be withdrawn at any time. Pennsylvania and Maryland residence only. For non-members, you'll be required to join Members 1st to meet eligibility requirements. Ask an associate for details.

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Financial Security and Flexibility

No need to worry about rising interest rates—you can choose to lock in your interest rate and switch from a variable rate to a fixed-rate on all or part of what you borrow. There are no closing costs or application fees (except for trust review costs for properties deeded in a trust).

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Member Value Protection

When you apply for a Members 1st Home Equity Freedom Line of Credit, you can choose to add Member Value Protection (MVP). This coverage will cancel your monthly payments in cases of death, disability, or involuntary unemployment—without penalty, added interest or dings to your credit report.

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Not Sure? Let's Talk.

Borrowing against the equity in your home is a big decision. But don't stress—we'll be with you every step of the way. Apply online and we'll reach out to go over your options.


With help from Members 1st, Matt and Kia used a Home Equity Freedom Line of Credit to build the backyard oasis their grandkids were dreaming about. They figured, why have a big backyard if you don't utilize the space? But these grandparents can't take all the credit. This idea came from their granddaughter who had dreams of swimming in her very own, private pool. With help from Members 1st, they made their granddaughter's dream a reality and now enjoy spending time as a family in and around their inground pool. All made possible with a great rate on a Home Equity Freedom Line of Credit.


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Wondering how the equity in your home can help you? Complete your application online and an associate will be in touch to discuss your borrowing options and schedule an appraisal to determine your exact qualifying terms.

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