Home Equity

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You've put plenty of effort into maintaining and improving your home. When the time comes that you need several thousand dollars for renovations or to pay for any number of expenses, consider a Credit Union ONE Home Equity Loan or Line of Credit. We help Michigan members get the financing they need by using the equity they've built up in their homes over the years.

Choose from a lump-sum loan or a revolving line of credit
Use to address any large expenses or consolidate debt
Access up to 90% of your home's value
No closing costs*

Browse our Home Equity options:

Home Equity Loans

While you're paying off your first mortgage, you can take out a second one as a Home Equity Loan to address any major expenses that pop up.

Borrow equity in one lump sum for any reason
Access equity from up to 90% of your home's value
Borrow between $5,000 and $150,000
Rate and payment fixed for the length of your loan
No closing costs*
Receive your funds as a lump sum deposited into your Credit Union ONE Checking or Savings account for easy access

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Home Equity Line of Credit

You can pay for big projects, at a competitive rate, by tapping into your home's equity with Credit Union ONE's Home Equity Line of Credit.

Use to finance home improvements, education expenses and more
Easily access money when you need it
Revolving line of credit from $10,000 to $150,000
Pay interest only on the funds you use
No closing costs*

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Equity Advantage

Our Equity Advantage option is the right fit for members who want to tap into the equity of their Michigan home.

Fixed rate mortgage terms up to 20-years
Borrow between $10,000 and $200,000
Access up to 90% of your home's value without mortgage insurance (PMI)
Rate and term, or cash-out refinance
No closing costs*

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*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.

Get the process started today.

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