No Fee** 1.99% APR* Home Equity Line of Credit
Introductory Rate until January 1, 2026
A Home Equity Line of Credit (HELOC) provides flexible, affordable financing by tapping into the equity you’ve built in your home. Whether you’re planning a wedding, tackling home repairs, covering school expenses, or dreaming of a vacation, a HELOC gives you access to funds when you need them. A HELOC gives you the ability to borrow, repay, and borrow again. It’s a smart, convenient way to manage life’s big moments while keeping your financial goals on track.
- Apply April 1 – June 30, 2025
- No Application Fees
- No Annual Fees
Please complete the contact form below, and someone will follow up with you.
Checklist:
- -Active MUCU membership (Non-members need to complete an Application for Membership and return it with two pieces of identification per signer.)
- -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:
*The 1.99% introductory Annual Percentage Rate (APR) applies until January 1, 2026, and is limited to credit union members with newly-opened HELOCs during the promotional period (April 1, 2025– June 30, 2025). Thereafter, a variable rate of 3.00% to 18.00% will apply, and is based on credit history, loan to value and other underwriting criteria. The variable APR is based on the index value (prime, currently 7.50%), plus a margin, subject to change, but at no time shall be less than 3.00% or exceed 18.00%. Applications must be submitted by June 30, 2025 to receive consideration for the introductory APR. The introductory rate cannot be combined with any other offer. Property insurance is required and, if applicable, flood insurance will be required. Additional restrictions, limitations, and exclusions may apply. Please contact Michigan United Credit Union for additional details. NMLS#500296
**No fees in most cases, but an appraisal fee and/or title insurance may be required at member’s expense.
*The 1.99% introductory Annual Percentage Rate (APR) applies until January 1, 2026, and is limited to credit union members with newly-opened HELOCs during the promotional period (April 1, 2025– June 30, 2025). Thereafter, a variable rate of 3.00% to 18.00% will apply, and is based on credit history, loan to value and other underwriting criteria. The variable APR is based on the index value (prime, currently 7.50%), plus a margin, subject to change, but at no time shall be less than 3.00% or exceed 18.00%. Applications must be submitted by June 30, 2025 to receive consideration for the introductory APR. The introductory rate cannot be combined with any other offer. Property insurance is required and, if applicable, flood insurance will be required. Additional restrictions, limitations, and exclusions may apply. Please contact Michigan United Credit Union for additional details. NMLS#500296
**No fees in most cases, but an appraisal fee and/or title insurance may be required at member’s expense.