Home Equity Loans & HELOCs

It's time to make your Michigan home work for you.

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Choose Your Rate Type

Go for either fixed or variable financing to fit your budget.
Easy Process

Get preapproved without cost or obligation.
Select Your Funding

Choose to receive your money as a lump sum or access as a line of credit.

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HOME EQUITY LOAN

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Tap Your Home's Equity to Pay for Large Expenses

We Make It Easy.

Your big plans require a smart financing option, and the best solution could be under your roof. Adventure Credit Union's Michigan Home Equity Loans and Lines of Credit allow homeowners in Grand Rapids, MI, Lansing, MI and other parts of Michigan to borrow against the value of their homes. Use these products to pay for major remodeling projects, education expenses, weddings and almost anything else you can dream up.

Both the Home Equity Loan and Home Equity Line of Credit are secured by a second mortgage on your house. With the loan, you receive your money in a lump sum with fixed monthly payments and repayment terms. The HELOC works like a credit card, letting you use only the amount of money you need at any given time.

We can help you figure out which option is right for you. Explore our great Michigan credit union home equity loan rates and HELOC rates.

What You Need For Your Application

Here's where to start. Keep in mind, additional information may be required.

Most recent pay stubs
2 years W-2s; if self-employed, 2 years' tax returns
Copy of most recent paid property tax statement
Copy of Warranty Deed
Copy of 1st mortgage statement

Rates

Home Equity Loans and HELOCs

Rates Effective: June 3, 2024

Title	Term	Fixed	Variable
Home Equity - Line of Credit	up to 180 months	n/a	as low as 8.50%*
Home Equity Loan - Fixed (1st)	up to 60 months	as low as 6.99%	n/a
Home Equity Loan - Fixed (1st)	up to 120 months	as low as 7.24%	n/a
Home Equity Loan - Fixed (1st)	up to 180 months	as low as 7.74%	n/a
Home Equity Loan - Fixed (2nd)	up to 60 months	as low as 7.24%	n/a
Home Equity Loan - Fixed (2nd)	up to 120 months	as low as 7.49%	n/a
Home Equity Loan - Fixed (2nd)	up to 180 months	as low as 7.99%	n/a

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*APR = Annual Percentage Rate. HELOC features a variable rate that may change after account opening. Variable rate is based on the prime rate plus a margin determined by the borrower's creditworthiness, lien position, and combined loan to value. As of Sept. 25, 2023, rates range from 8.50% to 16.50%. Third party closing costs are applicable. Floor rate is 4.00% and maximum rate is 18.00%. No annual fee or advance fees. All loans are subject to approval.

**APR = Annual Percentage Rate. Rate shown is for a 60-month home equity loan and requires a min. credit score of 680 and max. combined loan to value of 80%. Est. monthly payment is $20.03 per thousand dollars borrowed on a 60-month loan at 7.49% APR. Approval and rate are based on creditworthiness. Terms and conditions apply.