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Let's turn your home equity into opportunity—membership is open to all!
Boost Value
Tap into your equity to cover home projects, essential repairs, or larger expenses and purchases.
Reduce Debt
Turn your home’s value into a smart way to consolidate and lower high-interest debt.
Find Relief
Your home equity can help with surprise costs, like medical bills, and planned ones, like education.
Live Life
From dream vacations to big celebrations, your home’s value can make it all possible.
Choose the solution that's right for you!
Home Equity Line of Credit
Featured Rate
7.25% APR1
Home Renovation | Repairs | Manage Debt | Education | Medical | Travel | Large Purchases | Special Occasions
Borrow when you need it with an open line of credit.
- Revolving line of credit from $5,000 to $250,000
- Low variable rate (Prime Rate minus 0.250%)
- 10-year, interest-only draw period
- Up to a 20-year repayment plan
Selecting 'Apply Now' prompts you to create a new account within our secure home loan application tool. This is not your Online/Mobile Banking sign in.
Single Advance Home Equity Loan
Featured Rate
8.064% APR2
Home Renovation | Repairs | Manage Debt | Education | Medical | Travel | Large Purchases | Special Occasions
Lock in a rate and get the full amount up front.
- Borrow from $5,000 to $250,000
- Lock in a competitive, fixed rate
- Receive one lump sum up front
- Eligible for potential year-end rebate
Selecting 'Apply Now' prompts you to create a new account within our secure home loan application tool. This is not your Online/Mobile Banking sign in.
- APR = Annual Percentage Rate. Rates effective 08/25/2025. The HELOC Annual Percentage Rate (APR) may vary monthly, based on the Wall Street Journal Prime Rate minus 0.250% (the margin) in effect on the 25th of the previous month. The APR will not exceed 18.00% and will not fall below 3.250%. The HELOC has a 10-year draw period during which the minimum monthly payment is interest-only; making interest-only payments may result in a significantly higher monthly payment once the loan enters the repayment period. After the draw period ends, the loan enters a 20-year repayment period, during which the outstanding balance is amortized and payments will include both interest and principal. All loans are subject to credit approval, including evaluation of creditworthiness, qualifications, and acceptable collateral. Eligible properties must be developed, non-agricultural, and non-income-producing residential homes located in Michigan. The maximum Combined Loan-to-Value (CLTV) is 90%. Additional restrictions may apply. Membership Required.
- APR = Annual Percentage Rate based on a $60,000 loan. Rates effective 08/25/2025. Loans subject to approval based on creditworthiness of applicants and collateral conditions. Limited to developed, non-agricultural, non-income producing homes located within Michigan. Other limitations may apply. While year-end rebates and rewards occur with great regularity, this credit union benefit is not guaranteed. Loan interest rebates are based on interest paid to the loan during the calendar year. Unapplied balances are not considered interest paid. Membership required.
Access only what you need, when you need it!
Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) from Dow Credit Union gives you the flexibility to borrow against the value of your home—when you need it. Instead of a lump-sum loan, a HELOC is a revolving line of credit, typically with lower interest rates than credit cards and personal loans. You can expect no annual fees, no usage fees, and no hidden costs.
- Revolving lines of credit from $5,000 to $250,000
- Low, variable rate
- 10-year, interest-only draw period
- Up to a 20-year repayment plan
- Minimal Closing Costs
Receive funds upfront at a fixed rate!
Single Advance Home Equity Loan
A Single Advance Home Equity Loan from Dow Credit Union gives you the ability to borrow against the value of your home. Funds are delivered in one lump sum at a fixed rate, typically with lower interest rates than credit cards and personal loans. You can expect no annual fees, no usage fees, and no hidden costs. Plus, our Single Advance Home Equity loan is eligible for our potential year-end Loan Interest Rebate, which is a part of our nationally recognized Member Giveback.
- Borrow from $5,000 to $250,000
- Competitive, fixed rates
- Monthly payment based on amount financed
- Minimal Closing Costs
Frequently Asked Questions
Registry and Support
QUESTIONS? Stop by one of our branches or call us at 989.835.7794 or 800.835.7794.
MIDLAND: 600 E. LYON RD.
SAGINAW: 5420 GRATIOT RD.
