Residential Home Mortgage Loans

Compare our lending options

¹ Single-Close Construction Mortgage: Site-Built Homes
• The maximum Loan-To-Value (LTV) is 90% on a primary residence or 85% on a secondary/vacation residence and does not include an escrow account for taxes and homeowner’s insurance.
• Excludes investment properties.
• Maximum loan limit: $726,200. Term available: 372 months (12 months interest only, followed by a 30 year term).
• Principal & interest payments will start after the initial 12 months regardless of whether the house is completed or not.
• Private Mortgage Insurance (PMI) for any loan to value of greater than 80% will be required and escrowed.

² Single-Close Construction Mortgage: Site-Built Homes
• The maximum Loan-To-Value (LTV) is 80% on both primary and secondary residences and does not include an escrow account.
• Excludes investment properties.
• Maximum loan limit: $726,200.
• Term available: 364 months (4 months interest only, followed by a 30 year term).
• Principal & interest payments will start after the initial 4 months regardless of whether the house is completed or not.
• Only available for manufactured homes on a permanent foundation on land owned or purchased as part of the mortgage transaction (excludes rented land).

* MCT Biweekly Mortgages are only available with auto payment from a checking or savings account.

Mortgage Pre-Qualification

Getting pre-qualified will help you know approximately how much you can borrow, using financial information that you provide. 

• No cost
• No commitment

Submit a Mortgage Pre-Qualification Application today!

Home Equity Loans

A home equity loan allows you to borrow money by using the equity in your home as collateral. A home equity loan from MCT comes with a fixed rate, so always know your monthly payments. Home equity loans give you a simple option for home improvement projects or unexpected expenses.

Take advantage of our great rates and flexible payment terms, including the option to enroll in automatic deductions.

Apply for a Home Equity Loan View Our Current Home Equity Rates

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit from Mauch Chunk Trust Company lets you access the equity in your home through a revolving line of credit at a variable rate. Simply write a check whenever you need the extra cash over the draw period. There’s no prepayment penalty, no annual fee and no closing costs!*

When it comes to remodeling your home, consolidating debt, or making other major purchases, a Home Equity Line of Credit from MCT is a smart financing option. It offers low fixed rates, plus the flexibility of accessing your line of credit whenever you need it, up to your available credit line.

MCT Advantage: Carve out any amount and convert it to a fixed rate, up to your available line of credit! You’ll always know exactly what your payment is and as you pay off your fixed-rate lock balance, your line of credit funds become available to use again.

Your revolving line of credit has a variable annual percentage rate (APR) indexed to the Wall Street Journal Prime Rate. You can lock in segments of your HELOC loan within your approved credit limit at a fixed rate and term up to five times during the draw period.

View our current HELOC rate

*MCT pays all closing costs. If you terminate your account within 36 months of opening it, you will be required to pay an Early Closure Fee consisting of (1) a $200 base fee, plus (2) any closing fees MCT paid on your behalf. APR (Annual Percentage Rate): Will be based on the Wall Street Journal Prime, as published daily. Your APR may vary and rates are subject to change. Maximum APR is 18%. Requirements: Minimum loan amount is $10,000. Only for loans secured by the borrower’s primary or secondary residence (excluding investment properties) in Pennsylvania. Homeowners insurance is required. Subject to credit approval and underwriting standards of Mauch Chunk Trust Company.