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Access the equity in your home.

Home Equity Line of Credit

Rates as low as
4.75% APR1

A convenient financing option that fits your life.

Personal Loans
We have a variety of personal loan options to fit your needs, whether it's home improvements, debt consolidation or anything else.

Your home, your equity

What big projects do you have in mind? You can pay for them, at a competitive rate, by tapping into your home's equity with Credit Union ONE's Home Equity Line of Credit. Or use our HELOC to consolidate your high-interest debt from other lenders and start paying off quicker each month with our competitive HELOC rate. You can get a line of credit for up to 80% of your home's value to finances any large expenses. Consider all of the time and energy you've invested in your home. Now you can make that equity work hard to help you reach your financial goals. Apply online or visit us at one of our convenient locations throughout Michigan including metro Detroit, Grand Rapids, Traverse City and beyond.

Apply for a HELOC today.
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Related Resources

What is the difference between a Home Equity Loan and an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

What is an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

What are the benefits of an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

*Home Equity Line of Credit: APR=Annual Percentage Rate. 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% to 3.00% and is based on overall creditworthiness factors. The prime rate as of November 4, 2019, is 4.75%. Minimum loan amount is $10,000; maximum is $250,000. 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 loan to value is 80% and collateral must be titled in the State of Michigan. Introductory rate offer and margin may be changed or discontinued at any time. Offer may be discontinued at any time without notice. Other conditions may apply. 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.

Offer may be discontinued or changed at any time.