Home Equity Line of Credit (HELOC)
Our home equity line of credit loans allow you to borrow money against the equity of your home. Unlike a traditional Home Equity Loan, these loans are designed to be flexible, open-ended, and convenient for you as a way to finance your periodic expenses. Common uses for a HELOC include debt consolidation, college tuition, unexpected expenses, or home remodeling projects.
- Perfect for ongoing expenses and projects
- Rates are typically lower than a credit card
- Payments based on funds you use, not the approved limit
- Use your funds for a variety of purposes
Ways to Use the Equity In Your Home
Simply Secured is an available feature for a home equity loan. To learn more, click here. For more information on our rates, mortgage lending options, or application; visit our mortgage site:
HELOC Loan Rates
* Rates Accurate As of December 11, 2023
|RATES AS LOW AS||TERM|
|PRIME + 0.50% APR*||Open|
APR = Annual Percentage Rate. Rate based on term and credit worthiness. Must qualify for membership. Contact the loan department for details. Member should consult a tax adviser for further information on tax deductibility.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Closing costs include a $275 application fee. Additional appraisal fee and/or title fee may apply. Fees may vary based on appraiser and geographic area. Max CLTV (combined loan to value) is 80% and may require appraisal. Limited to primary residence located in Michigan.
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