Put your good credit to work! Buy a home, add a room, upgrade a kitchen, pay for an education, consolidate bills, or get the extra cash you need for any purpose. With a wide range of loan options to choose from, you can find a program that meets your needs and fits your budget!


10- and 15-Year Mortgages

Save on interest. Own your home faster.

  • Lower rates – interest rates are typically lower than those for a 30-year mortgage
  • Pay less interest – By reducing the length of your loan you can save a significant amount of money on interest payments over the life of the loan
  • Own your home sooner – A shorter term means you will build equity faster and own your home outright much sooner than with a traditional 30-year loan, freeing up your money for life’s other purposes
  • Fixed rates – Monthly principal and interest payment remains the same throughout the term of the loan

All loans subject to program eligibility, collateral, underwriting approval and credit approval. Mechanics Bank is an Equal Housing Lender. Member FDIC. NMLS# 442116.


You’ve provided for your home, now let it provide for you.

  • Competitive rates
  • Affordable payments
  • Potential tax savings (consult your tax advisor regarding the deductibility of interest and other charges)

More details

Home Equity Loan

  • The money you need – Receive a one-time lump sum that can be used for almost any need
  • Competitive fixed rates – With rate discount for automatic payment from a qualifying Mechanics Bank account
  • Fixed monthly repayment term – Makes for easy budgeting and planning
  • Possible tax savings – Interest and other charges may be tax deductible (contact your tax advisor for more information)
  • Qualify for a Home Equity Loan between $10,000 - $500,000 with your lendable equity at 80% of your home’s appraised value minus your mortgage balance

Home Equity Line of Credit

  • Easy Access – Tap into your home’s equity whenever you need it: write a check, go online or visit a branch
  • Competitive adjustable rates – With rate discount for automatic payment from a qualifying Mechanics Bank account
  • Low payments – Monthly payments based on the rate and your outstanding balance, and interest only payment options during draw period
  • Possible tax savings – Interest and other charges may be tax deductible (contact your tax advisor for more information)
  • Qualify for a Home Equity Line of Credit in the amount of $10,000 - $500,000 with your lendable equity at 80% of your home’s appraised value minus your mortgage balance

To get started

Call 800.797.6324 or stop by your local branch.


Sometimes you just need extra cash!

  • No collateral – Just your signature required
  • Fixed monthly payments
  • Discounted rate – When linked to automatic payments from a qualifying Mechanics Bank account
  • Use for anything – No limits on how to use the funds

To get started

Call 800.797.6324 or stop by your local branch.