Home Equity Loans use the available equity in your home to provide cash for any purpose such as home improvements, debt consolidations, tuition or a second home. Mercer County State Bank offers Home Equity Lines of Credit and Home Equity Installment Loans for primary and secondary residences. All loan decisioning and processing are handled locally, and our knowledgeable lenders will work with you from the start of your application all the way through closing.

Meet Our Lenders     Check Rates & Apply Now

Home Equity Line of Credit (HELOC)

• Revolving credit with a 10-year draw period – as principal is repaid it becomes available for your use again
• Variable interest rate
• Monthly interest only payments and the option to repay the principal balance of the loan in any way you want
• Easy access to funds with Online Banking or by check
• Interest may be tax deductible; please consult your tax advisor

Home Equity Installment Loan (HEIL)

• Interest rate is fixed for term of loan
• Fixed principal and interest payments paid over terms up to 20 years
• Rate discount with automatic payment from a MCSB Checking or Savings account
• Offers a rate of interest generally less than any other type of secured borrowing
• Interest may be tax deductible; please consult your tax advisor

Apply online by selecting the Check Rates & Apply Now button above or reach out to one of our Mortgage Loan Officers.