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Members Plus Credit Union has a full range of mortgage and home loan products available to meet your borrowing needs. Whether you’re a first time homebuyer looking to buy your dream home, refinancing an existing mortgage, or using the equity in your present home, we have a complete line-up of products available to suit your needs. You’ll get personalized, friendly service along with competitive rates, no points, and great terms!

We also offer jumbo mortgages, construction loans and land loans. A jumbo mortgage is a loan that exceeds Fannie Mae conforming loan limits for a primary residence. Please contact the Mortgage Department for more information on these programs by calling 781-905-1500 or via email.

Current Fannie Mae conforming loan limits are as follows, mortgages exceeding the following amounts are considered jumbo loans:

1 Unit    $453,100
2 Units  $580,150
3 Units  $701,250
4 Units  $871,450

All mortgages exceeding 80% loan to value require Private Mortgage Insurance (PMI).


MHFA Lending Programs
In addition, we offer, through a third party, Massachusetts Housing Finance Agency’s (MHFA) lending programs. The MHFA offers a variety of financial resources to promote safe and affordable housing for low to moderate-income residents of the Commonwealth of Massachusetts.

Property must be located within a 100-mile radius of MPCU main office.


Name Rate Points APR** Cost Per Thousand***
30 Year Fixed 4.125% 0 4.154% $4.85
15 Year Fixed 3.625% 0 3.676% $7.21
10 Year Fixed 3.50% 0 3.573% $9.89
3/1 Year Adjustable 3.250% 0 4.788% $4.35
3/3 Year Adjustable 3.625% 0 5.247% $4.56
5/1 Adjustable 3.375% 0 4.576% $4.42
**APR = Annual Percentage Rate.
***APRs are based upon member’s credit score. Rates listed above reflect excellent credit scores. Payments listed above do not reflect life and disability insurance. Rates effective May  2, 2019 and are subject to change without notice.
** Please note all rates subject to change. All mortgages and home equity loans require property insurance. The interest rate and fees show here are available to members with an excellent credit history. The actual interest and fees available to you will be based on your credit history, property type, and may be different than the rates displayed here. First Mortgages have no points.


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