Home Equity Loans & HELOCs

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

  • Choose either a term loan or line of credit
  • Borrow up to 100% of your home's value
  • Enjoy personal service from local experts

Tap Your Home's Equity to Pay for Large Expenses

We Make It Easy.

Adventure Credit Union's Home Equity Loans and Lines of Credit allow homeowners to borrow against the value of their homes to pay for whatever they need: home improvement projects, debt consolidation, education expenses, weddings, and more!

A Home Equity Loan will give you all of your borrowed funds upfront in a lump sum. Home Equity Loans work well for people that have a specific project or expense.

Your monthly payment will largely be determined by the loan repayment term that you choose: 5 years, 10 years, or 15 years.* Shorter terms are rewarded with lower interest rates. Longer terms will have lower monthly payments.

A HELOC functions similar to a credit card.  You have an approved credit limit from which you can draw however much money you need at a given time. The advantage here is that you will only pay interest on the borrowed funds, not the full credit line.

Adventure's HELOCs have a 10-year draw period** during which you are only required to pay the interest that has accrued each month. However, just like a credit card, it is advisable to pay more than the required minimum. At the end of your 10-year draw period, your outstanding balance will be due in full.

If you need help deciding between a Home Equity Loan and a Home Equity Line of Credit, please contact us! Our Trusted Financial Guides are here to help.

After you submit an online loan application, you will need to provide the following documentation. 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

Working in your best interest.

View All Rates
APR* as low as
6.74% %
Home Equity Loan (1st Lien)
APR* as low as
8.00% %
HELOC
View All Rates

I applied for a loan online. The person handling this for me was amazingly prompt and easy to communicate with.

- Lynn W.

Adventure Credit Union is a full-service credit union in Michigan with branches in the Greater Grand Rapids and Lansing areas. All those who live, work, worship or attend school in the State of Michigan are eligible to join.

*APR = Annual Percentage Rate. Rate valid as of 06/03/2024 and is subject to change without notice. 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. Third party closing costs are applicable. All loans are subject to approval.

**APR = Annual Percentage Rate. Rate valid as of 06/03/2024 and is subject to change without notice. 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 May 1, 2024, 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.