Fixed Rate Home Equity Loan
A Downriver Credit Union Fixed Rate Home Equity Loan makes it easy to budget for home improvements or other important projects! Our members can set up a fixed payment and a fixed interest rate using the equity they have in their home.
Rates As Low As 2.49% (APR)*
We Make Borrowing Simple using the equity in your home!
- Borrow up to 80% of the value of your home value.
- Payment amortized over your choice of either 10 or 15 years.
- Low $500 Underwriting Fee (which covers underwriting and appraisal costs).
- Minimum $25,000 loan amount.
For more information or to apply, please contact our Mortgage Department at 313-386-2200 x1137.
*APR refers to Annual Percentage Rate. Approval subject to 80% Loan-to-Value (LTV) and minimum credit score requirements. $500 fee covers underwriting and appraisal costs. Complete rate information is available at the Credit Union.Go to main navigation