Home Equity
Your home's value can fund your next big goal.
Home equity loan or HELOC? A home equity loan gives you a lump sum at a fixed rate; a home equity line of credit (HELOC) lets you draw funds as you need them. Both let you borrow against the value you've built in your home — ideal for renovations, consolidation, or major expenses.
What you get
- Fixed-rate home equity loans and flexible HELOCs
- Competitive rates secured by your home
- Use for renovations, consolidation, tuition, and more
- Potential tax advantages (consult your tax advisor)
- Local underwriting and servicing
Frequently Asked Questions
It depends on your home's value and your remaining mortgage balance (your available equity), plus your credit and income.
Yes. NCACU is an Equal Housing Opportunity lender and follows the Equal Credit Opportunity Act.
Ready to become a member?
Opening an account online takes about ten minutes. Membership is open to anyone who lives, works, worships, or attends school in our Michigan communities.