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Home Equity Loans

We’re ready to lend a hand and help you put the equity in your home to work for you. Whether you're consolidating debts or making improvements, our home equity loans can help make it happen.
 
ABCU offers two plans that may allow you to borrow up to 100% of your home’s value. By using the available equity in your home, you can take advantage of a low rate that traditional loans do not offer, and your interest may be tax deductible.*
 
Fixed Rate
This loan provides a one time advance with a rate that is locked in. Your budgeting and planning are made easier knowing that your payments won’t fluctuate. Repayment terms vary from three to 20 years.
 
Variable Rate
Providing a continuous line of credit, this loan helps lend a hand when you need it. Ready for a big remodel? The funds are there. Trying to consolidate your bill? Your home equity line of credit is there to help you take control of your bills.
 
With no application fee or closing costs, our home equity loans make it easy to put the value in your home to work for you. For more information, please contact us at 517.323.0020.
*Consult your tax advisor
Home Equity Loans
Effective Date: 11/01/08
NameRateTerm
Open Ended Variable As low as 5.00% n/a
Closed End As low as 6.25% 60 Months
Closed End As low as 6.50% 120 Months
Closed End As low as 7.00% 180 Months
Closed End As low as 7.25% 240 Months