Refinance or use your home’s equity

There’s more than one way to use your home’s value. Whether you want to lower your monthly payment or access funds for what’s next, we offer flexible options.

woman with a drill during a home renovation using HELOC funds
Home equity and refinance

Let's find the right loan for you.

Home Equity Loan

Best for: One-time expenses with predictable payments

  • Fixed rate for stability
  • Set repayment timeline
  • Ideal for major projects or consolidation
  • Borrow up to 90% of a home's value 2
Apply for a home equity loan

Home Equity Line of Credit

Best for: Expenses that may change over time

Access funds as needed and pay interest only on what you use. Similar to a credit card, but typically at a lower rate.

  • Borrow only what you need, when you need it
  • Reuse funds as you repay them during the draw period
  • Ideal for projects with evolving costs
Apply for a HELOC

Mortgage Refinance

Best for:  Optimizing your mortgage

You may be able to adjust your payment, change your loan term, or access your home equity.

  • Replace your current loan
  • Cash-out options available
Refinance now
Unlock your home's potential

Looking to take on a big project or make a significant move?

Your home may hold the key. Put your home's equity to work for you, either as a loan or line of credit. We can match you to the right solution. And with no up-front fees or closing costs in most cases, you'll keep more money in your pocket.1

Easy to apply

You can do it in a matter of minutes.

Flexible funds

Use your money for debt consolidation, home improvements, and more.

It's your choice

Apply for a revolving line of credit or a lump-sum loan.

Home Equity Application Checklist

Make sure you have these documents ready before you apply. Please note, additional documents may be required depending on your specific circumstances.

W2 Wage Earner:

  • Pay stubs for the most recent 30-day period
  • Social Security Award Letter (if applicable)

Self-Employed:

  • Past two years' personal and business (corporate/partnership) tax return forms and schedules
  • K-1s for prior two years if applicable

Rental Income:

  • Past two years' personal tax return forms and schedules
  • Copy of Homeowner’s Insurance Policy

Additional Information (if applicable):

  • Divorce decree and property settlement – signed
  • Bankruptcy papers
  • Trust documents
Calculate your savings

Home Refinance Calculator

Use this calculator to estimate your potential monthly payment and savings when refinancing your home loan. 

Calculate now

Current rates

Home Equity Line of Credit

Effective Date: 11/1/2025

Home Equity Line of Credit
Prime Equity Line
Rates as low as
7.00% APR
Rate type
Variable
Term
10-year draw period followed by a 10-year amortized repayment period
Loan-to-value
Up to 80%
Equity Line Plus
Rates as low as
7.50% APR
Rate type
Variable
Term
10-year draw period followed by a 10-year amortized repayment period
Loan-to-value
Up to 90%

Minimum loan amount is $10,000.

Variable rate loan. Rates vary based on credit worthiness and underwriting factors.  Rates adjust monthly based on the Prime Rate as published in the Wall Street Journal, and the APR will vary from a low of 3.00% to a maximum of 12.00%. Minimum Payment Options: 1% of the outstanding balance, interest due, or $50 (whichever is greater) or Interest-only if qualified. If you make only the minimum payment during the term of your loan, a balloon payment may be required when the repayment period ends.    

Prime Equity Line and Equity Line Plus feature a 10-year draw period followed by a 10-year repayment period. During the draw period, minimum payment options may include interest-only payments or a percentage of the outstanding balance. If you make only the minimum payment during the draw period, a balloon payment may be required at the end of the repayment period.

Home Equity Loans

Effective Date: 11/1/2025

Home Equity Loans
60 months
Rates as low as
7.00% APR
Rate type
Fixed
Loan-to-value
Up to 70%
60 months
Rates as low as
7.75% APR
Rate type
Fixed
Loan-to-value
Up to 90%
120 months
Rates as low as
7.50% APR
Rate type
Fixed
Loan-to-value
Up to 70%
120 months
Rates as low as
8.25% APR
Rate type
Fixed
Loan-to-value
up to 90%
180 months
Rates as low as
8.00% APR
Rate type
Fixed
Loan-to-value
Up to 70%
180 months
Rates as low as
8.75% APR
Rate type
Fixed
Loan-to-value
Up to 90%

Actual APR will vary based on borrower’s credit worthiness and underwriting factors. 

60 month term payment example: Based on a loan amount of $25,000 for 60 months at 7.00% APR a monthly payment would be approximately $494.90. Based on a loan amount of $25,000 for 60 months at 7.75% APR, the monthly payment would be approximately $503.92.

120 month term payment example: Based on a loan amount of $25,000 for 120 months at 7.50% APR a monthly payment would be approximately $296.70. Based on a loan amount of $25,000 for 120 months at 8.25% APR, the monthly payment would be approximately $306.63.

180 month term payment example: Based on a loan amount of $50,000 for 180 months at 8.00% APR a monthly payment would be approximately $477.77. Based on a loan amount of $50,000 for 180 months at 8.75% APR, the monthly payment would be approximately $499.72.

Apply Now

Tap into your home's equity. Unlock the potential.

Refinance to lower your rate or adjust your loan

1 If a full internal/external appraisal is required or requested you will be required to pay the appraisal fee which can be up to $750. For line-of-credit loans, if the line is terminated within 36 months you will pay a termination fee up to $500 (unless refinancing with Everwise).

2 Less any existing mortgage.

Subject to membership eligibility requirements. Loans subject to credit approval. Borrower must be a resident of Indiana or Michigan, and for home loans property must be in Indiana or Michigan. All credit union programs, rates, terms, and conditions may change without notice.