Skip to Sitemap Skip to Online Banking
placeholder for jump to top link
Join
Chat
Quick Links
I want to
Financing for big expenses come from the equity in your home.

Home Equity

Apply Now Check Rates

You've put plenty of effort into maintaining and improving your home. When the time comes that you need several thousand dollars for home renovations or to pay for any number of expenses, consider a Credit Union ONE Home Equity Loan or Home Equity Line of Credit. We help Michigan members get the financing they need by using the equity they've built up in their Michigan 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*
Home Equity Line of Credit
Get an introductory rate of 3.75% APR* for the first 12 months** then a variable rate as low as 5.25% APR*            
Learn More
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 $200,000
  • 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


Apply Now

Learn More

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 $250,000
  • Pay interest only on the funds you use
  • No closing costs*


Apply Now

Learn More

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 $250,000
  • Access up to 90% of your home's value without mortgage insurance (PMI)
  • Rate and term, or cash-out refinance
  • No closing costs*


Apply Now

Learn More

*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
Not sure how to get started?
How to Open an Account
What you need to get started
Chat Online
Connect with a customer service representative through our site.
Talk to a Loan Specialist
833-897-6777
Find a Branch
Come into one of our convenient locations.
Featured offers