LAND OF THE FREE
★ ★ ★ LAND OF THE FREE ★ ★ ★
Home of the Dream
Home of the Dream
Borrow when you need it. Pay only on what you use.
JULY 1 - SEPTEMBER 30, 2026
Unlock the equity in your home for the things that matter most. Whether you’re planning a dream vacation, remodeling your kitchen, creating the perfect backyard oasis, or covering unexpected expenses, our Home Equity Line of Credit (HELOC) gives you the flexibility to borrow what you need, what you need, when you need it.
TURN YOUR DREAMS INTO REALITY
Use your Home Equity Line of Credit for:
Dream Vacation
Fund unforgettable experiences and make memories that last a lifetime.
Luxury Kitchen
Upgrade your home with the finishes and features you've always wanted.
Backyard Oasis
Create the outdoor retreat you've been dreaming of and enjoy it for years to come.
INTRODUCTORY OFFER
2.50%
APR* FOR 6 MONTHS.
WHY CHOOSE A HELOC?
- Borrow only what you need
- Pay interest only on what you use
- Access funds when you need them
- Reuse available credit as you repay
- No application fee*
- Great for home improvements, travel, and major purchases
FREQUENTLY ASKED QUESTIONS
A Home Equity Line of Credit (HELOC) lets you borrow against the equity you've built in your home. Unlike a traditional loan that provides one lump sum, a HELOC gives you access to a revolving line of credit that you can use when you need it. You only pay interest on the amount you borrow, making it a flexible financing option for planned expenses and unexpected costs.
A HELOC works much like a credit card secured by your home's equity. Once you're approved, you'll receive a line of credit with a 7-year draw period, and an 8-year repayment period for a total of 15 years. Borrow when you need it. Pay only on what you use. This flexibility makes a HELOC a convenient solution for ongoing projects or expenses.
A HELOC can be used for almost any major expense, including:
- -Home renovations and repairs
- -Debt consolidation
- -College tuition
- -Medical expenses
- -Weddings and special events
- -Vacations
- -Emergency expenses
Because you borrow only what you need, a HELOC gives you the flexibility to manage life's biggest moments while keeping your financial goals on track.
Your available credit limit depends on several factors, including your home's value, the amount of equity you've built, your existing mortgage balance, income, and credit qualifications. Our lending team will review your application and help determine the borrowing amount that best fits your financial situation.
A HELOC is a revolving line of credit that lets you borrow, repay, and borrow again as needed. A home equity loan provides a one-time lump sum with fixed monthly payments. If you need flexibility for ongoing expenses or projects, a HELOC may be the better choice. If you know exactly how much you need upfront, a home equity loan may be a better fit.
Michigan United Credit Union makes borrowing simple with competitive HELOC rates, no application fees, no annual fees, and local service you can trust. As a member-focused credit union, we're here to help you make the most of your home's equity with flexible financing and personalized support from application through funding.
- Have more questions? We're here to help.
- Call Us
Please complete the contact form, and someone will follow up with you.
Checklist:
- Active MUCU membership (Non-members will need to open a membership account before the loan can be completed.)
- Completed & signed loan application
- Verification of income (2 current pay stubs, W-2 or last 2 years tax returns)
- Two years tax returns required for self-employed applicants
- State Equalized Value (SEV) or recent appraisal and summer and winter tax bills.
- Proof of Homeowners Insurance and the cost of the policy (annually)
- Current Mortgage Balance (Mortgage Statement)
- Current year cost of summer and winter taxes
Home Equity Line of Credit Disclosure:
INTRODUCTORY INTEREST RATE. *2.50% Annual Percentage Rate (APR) applies to qualifying Home Equity Line of Credit (HELOC) accounts for the first 6 months after account opening. After the introductory rate period ends, your APR will change to a variable rate based on the Prime Rate published in The Wall Street Journal plus a margin. As of June 9, 2026, variable APRs range from 6.50% to 8.50%. Your actual rate will depend on your creditworthiness at approval and will not be lower than 3.00% or higher than 18.00% during the life of the loan. The APR may change quarterly. To qualify for the introductory APR, applications must be submitted between July 1, 2026 and September 30, 2026, and the account must be opened by October 31, 2026. Offer not available to existing MUCU HELOC or home equity loan borrowers and may not be combined with other offers. All loans are subject to credit approval. Rates, terms, and margins may vary based on creditworthiness. Property insurance is required; flood insurance may be required. Maximum loan amount is $150,000. Maximum combined loan-to-value (CLTV) is 90%. Minimum initial draw is $20,000. In most cases, there are no closing costs. However, appraisal and/or title insurance may be required in certain circumstances, with costs typically ranging from $350.00 to $1,509.00. **For a 20,000 draw for a term of 96 months with a 2.50% APR, the monthly payment is estimated to be $230.11.
NMLS#500296
