You paid for your dream home. Now let your home pay for your dreams.

  • Home Equity Loans offer competitive fixed rates
  • Rates and payments remain the same for the life of the loan
  • Repayment terms of up to 10 years
  • Borrow up to 90% of home's equity
  • Receive your money in a lump sum
  • No application fee and no closing cost option

Applying for a Home Equity Loan at Michigan Schools and Government Credit Union is a quick and easy process. We can hold the closing wherever is most convenient for you, including at your home or workplace. Another advantage is that interest paid on the loan may be tax deductible. Consult your tax advisor for more details.

Home Equity Loan
TypeTermAPR* as low as
Fixed - 80% Loan-to-Value 1-5 Years 3.25%
Fixed - 80% Loan-to-Value 6-10 Years 3.50%
Fixed - 80% Loan-to-Value 11-15 Years 3.75%
Fixed - 90% Loan-to-Value 1-5 Years 3.50%
Fixed - 90% Loan-to-Value 6-10 Years 3.75%
Fixed - 90% Loan-to-Value 11-15 Years 3.75%

Example: A loan amount of $15,000 at 120 months with up to 80% Loan-to-Value and a rate as low as 3.50% would be approximately $148.35.

*Annual Percentage Rate. Rates may vary, based on term, loan to value, and whether this loan will serve as a first or second lien. Contact MSGCU for details.