Home Equity Loans

Utilize the power of your home's equity.

Take on big projects with a low-cost loan.

Fixed or variable rates
Attractive monthly payments
Flexible loan amounts

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.