Utilize the power of your home's equity.
Take on big projects with a low-cost loan.
Open the door to more possibilities.
If your house is worth more than you owe on your mortgage, using the equity in your home is a great way to secure a low-cost loan. Add a new room or deck, cover college costs, treat yourself to new electronics, or experience a dream trip with your family. Our application process is easy, stress-free and provides endless opportunities for you and your family.
- Get all of your loan money up-front
- Fixed or variable interest rates available to suit your needs
- Loan limit determined by your home's equity (market value of home minus your mortgage balance)
- Make easy payments using online banking or our mobile app
- Interest payments may be tax-deductible (consult your tax advisor)
- Michigan First 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.