Home Equity Loan & HELOC - Line of Credit - Low Rates - Credit Union ONE

Home Center

Purchase A Home
Refinance A Home
Home Equity
Less Money Down
Home Equity Home Equity Line of Credit Equity Advantage
For borrowers who:
  • Plan to keep an existing mortgage lien
For borrowers who:
  • Want a line of credit option
For borrowers who:
  • Own their home free and clear or plan to pay off their mortgage
Loan to Value up to 90% Loan to Value up to 80% Loan to Value up to 90%
Min Loan Amount $5,000 Min Loan Amount $10,000 Min Loan Amount $10,000
Max Loan Amount $150,000 Max Loan Amount $150,000 Max Loan Amount $150,000
As low as 2.95% APR1
$0 Closing Costs*
As low as 4.00% APR2
Introductory Rate
2.75% APR**
$0 Closing Costs*
As low as 2.95% APR3
$0 Closing Costs*
1 APR as low as 2.95%. Approval and actual rate and term offered are based on overall creditworthiness factors and loan-to-value of collateral. Offer applies only to principal residences in the state of Michigan. Excludes manufactured homes not on a permanent foundation. Minimum loan amount is $5,000; maximum is $150,000. Rates and Terms subject to change. Excludes Home Equity Line of Credit and Equity Advantage. Other conditions may apply. Offer may be discontinued at any time without notice.

2 APR=Annual Percentage Rate. Introductory rate is subject to change or be discontinued at any time. APR will be variable based on an index plus or minus a margin for the life of the loan. The index is the highest prime rate as published in the Money Rates section of The Wall Street Journal. The margin ranges from -0.25% to 2.75% and is based on overall creditworthiness factors. The prime rate as of July 1, 2017, is 4.25%. The maximum loan amount is $150,000 and the minimum loan amount is $10,000. The APR will never exceed 18% and will never be lower than 3.25%. Loans and actual standard rate offered are subject to approval based on overall creditworthiness factors and collateral. Maximum LTV is 80% and collateral must be titled in the State of Michigan. Other conditions may apply.

3 APR=Annual Percentage Rate. Actual rate offered is based on creditworthiness factors, term, amount, collateral, and loan to value. Maximum loan to value is 90%. Other conditions may apply. Rates subject to change.

*Credit Union ONE waives fees for Collateral Valuation (including appraisal if required), Credit Report, Flood Certification, Junior Title Policy and Mortgage Recording. Applicant pays appraisal fee which is fully reimbursed at closing if loan approved and loan closes within 45 days of application.

**The initial discounted Annual Percentage Rate will be in effect for the first 12 calendar months from the opening date as reflected on the Home Equity Addendum.