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

Plus, for a limited time get an extra $100* on Home Equity Loans of $5,000 or more.

  • 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 3.50%
Fixed - 80% Loan-to-Value 6-10 Years 3.75%
Fixed - 90% Loan-to-Value 1-5 Years 3.85%
Fixed - 90% Loan-to-Value 6-10 Years 4.25%

Example: A loan amount of $15,000 at 120 months with up to 80% Loan-to-Value and a rate as low as 3.75% would be approximately $150.13.

*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.

*$100 Cash Back Loan Incentive. $100 offer available September 1, 2021 through November 30, 2021. Eligible loans must be closed by January 26, 2022. Subject to credit approval. APR may be higher, based on term of loan, credit score, collateral, and loan to value. Eligible loans include new or used purchase, refinance from another lender, and refinance existing MSGCU loans with an increased balance of $5,000 or more. Applies to loans originated at an MSGCU branch, call center, or online. Requires Automatic Loan Payment transfer. Visit for complete details.