Home Equity Loans

You've a lot into your home — it's time for your house to pay you back!

Use the equity in your home for a competitive-rate loan for any purpose. With a home equity loan from TRUE Community, you get the full amount upfront to use as needed. Pay for college, consolidate debt, remodel your kitchen, or skip the housework for a day on a new boat!

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Home Equity Loans

Are you currently a member of TRUE Community Credit Union?

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more
  • The existing equity in your home is used as collateral backing
  • Up to 80% loan-to-value ratio
  • Accommodating repayment terms that work uniquely for you
  • The interest paid may be tax deductible*
  • No closing costs**
  • No prepayment penalty
  • Receive funds in one lump sum
  • Loan debt protection available
  • Local decision-making and processing right here in Mid-Michigan
  • Customized, friendly service from our experienced lending team

Your home is a place for warmth and lasting memories, but it can also be a source for smart financing. With a home equity line of credit from TRUE Community, you can receive the flexibility to use and re-use funds as the need arises. Cover large purchases, make emergency repairs, or go ahead and take a vacation. Your home is your greatest asset — use it for more than shelter.

  • Secured by the existing equity in your home
  • Funds available without reapplying: apply once, then use as needed thereafter
  • Available for a wide range of short-term or one-time needs:
    • Home improvements
    • Tuition
    • New vehicles or vehicle repairs
    • And more
  • Revolving credit — available balance replenishes as you make payments
  • The interest paid might be tax deductible*
  • Only pay interest on the part that you use
  • Terms tailored to your specific needs
  • Local decision-making and processing right here in Mid-Michigan
  • Customized, friendly service from our experienced lending team

*Consult a tax advisor.

**Appraisal may be required.

Borrowers must be of legal age to apply for a loan.