HOME EQUITY LOANS
Unlock the value of your home with our flexible Home Equity Loans.
Whether you need funds for home improvements, education, travel, or unexpected expenses, we offer tailored solutions designed to fit your lifestyle.
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Simple, fast application process
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Instant appraisal options
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Flexible financing: choose between fixed-term loans or revolving lines of credit
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No application fees
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Convenient payment options: online, by phone, or automatic payments
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Lower interest rates than many unsecured loans
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Borrow from $10,000 up to $250,000
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Borrow up to 90% loan-to-value (LTV) — that means up to 90% of your home’s value
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Available for Michigan properties only
Compare Our Home Equity Options
What are the benefits of a home equity loan?
A home equity loan lets you use the value you’ve built in your home to access cash for important needs like renovations, education, consolidating debt, and more. With predictable payments and often lower rates than credit cards or personal loans, it’s a smart way to borrow.
Here are a few benefits:
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Lower interest rates compared to most credit cards or personal loans.
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Fixed monthly payments that make budgeting easier.
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Flexibility in how you use the money, from remodeling your home, covering college tuition, paying medical bills, or consolidating higher-interest debt.
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Boosts your home’s value if you use it for renovations or repairs.
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Learn more with Benefits of a Home Equity Loan in Michigan This Fall
FAQ
Want to learn more about the best home equity loans in Detroit? Read our home equity guide here.​
Frequently Asked Questions
What home equity options does PSCU offer?
PSCU offers two main home equity options: a fixed-rate home equity loan and a Home Equity Line of Credit, also called a HELOC. A home equity loan provides predictable fixed payments, while a HELOC gives borrowers flexible access to funds during the draw period.
What can I use a PSCU home equity loan for?
A PSCU home equity loan can be used for major expenses such as home improvements, education, travel, unexpected bills, medical costs, or debt consolidation. Many homeowners use home equity financing when they want to borrow against the value they have built in their home.
What is the difference between a home equity loan and a HELOC?
A home equity loan usually provides a set loan amount with a fixed interest rate and fixed monthly payments. A HELOC is a revolving line of credit with a variable interest rate, allowing borrowers to access funds as needed and repay what they use.
Are PSCU home equity loans available outside Michigan?
PSCU home equity loans and HELOCs are available for Michigan properties only. Borrowers must meet membership eligibility, credit approval, property, and program requirements.
How much can I borrow with a PSCU home equity loan or HELOC?
PSCU home equity financing may allow eligible borrowers to borrow from $10,000 up to $250,000 and up to 90% loan-to-value, depending on creditworthiness, property value, available equity, and program requirements.