Due to the severe weather, all Members Plus branch locations will be close on Saturday, January 29, 2022 and will reopen on Monday, January 31,2022. Read More


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    $548,250
2 Units   $702,000
3 Units   $848,500
4 Units   $1,054,500

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 3.000% 0 3.036% $4.22
15 Year Fixed 2.500% 0 2.565% $6.67
10 Year Fixed 2.375% 0 2.470% $9.37
3/1 Year Adjustable 3.375% 0 3.048% $4.24
5/1 Adjustable 3.500% 0 3.151% $4.30
**APR = Annual Percentage Rate.
***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 and APRs effective September 29, 2021 and are subject to change without notice.
*** Rates and APRs effective September 22, 2021 and are subject to change without notice. Rates, APR, payments, and fees are based on 20% down payment and excellent credit history. Your actual interest rate, APR, payment, and fees may be different than what is displayed here and will be based on several factors, including but not limited to: your credit history, property type, and transaction type. All mortgages and home equity loans require property insurance. All mortgages and home equity loans require property insurance.

Third Party Site Disclaimer

You are now leaving Members Plus Credit Union’s web site and are going to a web site that is not operated by the credit union. Members Plus Credit Union is not responsible for the content or availability of linked sites.
Please be advised that Members Plus Credit Union does not represent either the third party or you, the member, if you enter into a transaction. Further, the privacy and security policies of the linked site may differ from those practiced by the credit union.

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