Acquire a low-cost loan that leverages the value of your home.

Flexibility defines our Home Equity loan. Borrow against the increased value of your property for numerous purposes, including home renovations, educational expenses, a vacation or debt consolidation. Access funds as often as you wish for any reason.

  • Revolving line of credit with limit ranging from $10,000 to $750,000
  • Credit limits up to 95% of your home's equity
  • No annual fee or prepayment penalty
  • Low variable interest rates
  • No closing costs
  • Easy access to your loan with checks, Visa credit card or online banking tools
  • 10-year draw period followed by 15-year repayment period
  • Loan payment protection coverage available to protect your family, assets and credit

HOW TO APPLY:

You can pick up an application packet from your local branch or download it here. Finished applications can be emailed to homeequity@umcu.org or you can drop it off at any branch location. You also can apply over the phone by calling 734-487-1033 or 866-923-2385. EMUCU NMLS #712343.