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Tap into your home’s equity.

Home Equity Loans

Rates as low as
4.99% APR1

The right fit when you need flexibility

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 5.00% APR*            

Easily access your home's equity.

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. Your Michigan home can hold the key for the financing you need to pay for home improvements, consolidate debt and address larger expenses such as higher education. Credit Union ONE's Home Equity Loan rates are structured to give you the most value for your money so you can reach more of your financial goals.

Get a Home Equity Loan today.
Apply Now

1 APR as low as 4.99%. Approval and actual rate offered is based on creditworthiness factors, term, amount, collateral, and loan to value. 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.
* 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.

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