Skip to Main Content Skip to Sitemap Skip to Online Banking
placeholder for jump to top link
Financing for big expenses come from the equity in your home.

Home Equity

Home Equity Line of Credit
Get an introductory rate of 2.75% APR* for the first 12 months** then a variable rate as low as 4.00%APR*            
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 up to 90% of your home's equity
  • 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

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*

Equity Advantage

If you've paid off your mortgage or soon will, our Equity Advantage option is the right fit for members who want to tap into the equity of their Michigan home.
 
  • Borrow equity in one lump sum, even if you own your home or plan to pay off your mortgage
  • Access up to 90% of your home's equity
  • Borrow between $10,000 and $150,000
  • Choose from a fixed rate 5-, 10-, 15- or 20-year term mortgage*
  • Receive your funds as a lump sum deposited into your Credit Union ONE Checking or Savings account for easy access
  • No closing costs*

*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.
Apply NowCheck Rates