Borrow what you need at just the right moment

Financing designed to fit your life

Tap into a loan fund anytime for any reason at all.

A financial cushion

Qualify for a credit line of $10,000 to $350,000, depending on the equity you have in your home.


Home Equity Lines of Credit come with lower rates* than most credit cards and personal loans.

Easy access

Your funds are available through checks, Online or Mobile Banking, or at our convenient branches.

Budget-friendly payments

You pay interest only on the funds that are in use.

Making major repairs. Buying big appliances. Paying college costs. Doing something special for your family. All of those can stretch your budget - but they don't have to. When you're approved for a Home Equity Line of Credit, you can access funds anytime you want for life's important matters and enjoyable moments.

  • Maximum line of credit is 90% of your home's equity
  • No appraisal required for home that meet value requirements
  • Low or no closing costs
  • Funds often used to consolidate higher interest debt or credit card balances
  • Draw funds for 10 years, during which time you don't need to reapply for your line
  • Receive personalized service from an experienced Credit Union ONE Mortgage Consultant

Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.

Run The Numbers

Run the numbers on a Home Equity line of credit.

More Solutions

Get 5% back when you shop local using your Mastercard.

Use your Mastercard at participating local shops and restaurants to receive 5% cash back on your purchases. 


The way you've handled your finances in the past can help predict how you may do so in the future, so lenders will consider your credit rating when you apply for a mortgage or other loan. A higher credit score may help you qualify for a better mortgage interest rate, and some lenders may lower their down payment requirement for a new home loan if you have a high credit score.

Credit Union One works with their partner Member First Mortgage for loan servicing. *Credit Union One does have the right to sell servicing of our loans.

Payments can be made a variety of ways including through your Credit Union ONE online banking portal, setting up automatic payments, direct mail to 400 E Nine Mile Rd Ferndale MI 48220, bill pay, or by phone at 800.451.4292.

For those who qualify, VA loans allow for 0% down payment, lower interest rates, limited closing costs and no private mortgage insurance(PMI). You can also use the guaranty multiple times. To learn more about VA loans click here.

A Max Refi loan is a closed-end/term loan with a fixed rate. This is for borrowers who own their home free and clear or plan to pay off their current mortgage with the loan proceeds. This allows you to borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section.

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Max Refi 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 a Max Refi only allows you to have one. Read more in our Home Equity section.

FHA and conventional loans are two types of mortgage loans that differ in their requirements and costs. FHA loans are insured by the federal government and offer lower down payments, lower credit scores, and more flexible income and credit guidelines. FHA loans require mortgage insurance for the life of the loan regardless of loan to value. Conventional loans are not insured by the government and typically have higher down payments, higher credit scores, and lower mortgage insurance rates. Conventional loans can also end mortgage insurance once the loan-to-value ratio reaches 78%. Learn more from our Home Mortgages page.

Tap into the possibilities of a HELOC.


Home Equity Line of Credit: 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 3.99% and is based on overall creditworthiness factors. Minimum loan amount is $10,000; maximum is $350,000. 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 90% and collateral must be titled in the State of Michigan or the following counties in Ohio: Wood, Lucas, Sandusky, Summit, Lake, Cuyahoga. Other conditions may apply. Credit Union ONE waives fees for credit report, flood certification, junior title policy, and mortgage recording. Collateral valuation fee waived unless a full appraisal is required.

Offer may be discontinued or changed at any time.

The calculator tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.