Home Equity Lines of Credit

Use your home's equity to your advantage.

Renovate your home, make repairs, or pay down debt.

Low-cost funds
Easy access to money
No hidden fees

Financial flexibility for life's goals

A Home Equity Line of Credit can provide flexibility to finance large projects or pay down debt at lower interest rates than other loan types.

  • Borrow for up to 10 years and then have up to 10 more years to repay
  • Credit limit determined by your home equity (market value of home minus your mortgage balance)
  • Low variable interest rate and low closing costs
  • Only pay interest on the amount of credit you have used
  • Easy access to money through checks, online banking and at Michigan First branches
  • Good choice if you want to pay off higher interest loans or credit cards
  • Our friendly and experienced Home Equity Loan Underwriters can walk you through the application process.

Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.