Home Equity Line of Credit

Use the equity you have in your home to do home improvements, buy your next car or pay off other debts. A Home Equity Line of Credit at Frankenmuth Credit Union offers you a great rate, flexible repayment terms, no cash advance fees and the flexibility of accessing funds with a credit card.

Why not use the equity you have in your home the next time you need to borrow? With a Home Equity Line of Credit from Frankenmuth Credit Union you...

  • Get a low rate
  • May be able to enjoy tax benefits from the interest you pay*
  • Have the convenience of paying for your next purchase with a credit card
  • Flexible repayment terms
  • No limit on the time frame of when you can make advances
  • No cash advance fees
  • Because you are using a local provider, you know your dollars will stay in your local communities
  • Low application fees
*Consult with your professional tax preparer


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as low as
Diamond CashBack10%**Earn 2% cash back on all purchases****
Simply Platinum7.99%Earn points towards rewards.
Gold Home Equity7.90%Less than 80% Loan to Value
Gold Home Equity8.90%Greater than 80% Loan to Value
Prime Gold Home EquityPrime***Less than 80% Loan to Value
Prime Plus Gold Home EquityPrime + .75%***Greater than 80% Loan to Value
*APR=Annual Percentage Rate. Rates may change at any time. Must meet FCU's normal underwriting qualifications to be approved. Contact FCU for more information. *Offer may end at any time and must meet FCU normal underwriting guidelines to qualify. Those with a credit score of 550 or higher with accounts in good standing at FCU may qualify for the 4.9%APR offer for the life of the balance amount. For those with a credit score of 549 or less, maybe qualify for a rate of 10.9%APR for the life of the balance transfer amount.
Brand new Simply Platinum or Diamond Mastercard Credit Card will receive the promotion rate of 4.9%APR for credit scores 550 or higher or 10.9%APR for credit scores 549 or lower on brand-new purchases for 12 months.
**Diamond Mastercard earns 1.5% cash back on all purchases and 550 or higher credit score to qualify for 10%APR. 549 or lower credit score to qualify for 17%APR. No annual fee.
***Loan rates and approval subject to credit score and analysis. Equal opportunity lender. For HELOC no fees charged up front and fees are disclosed at time of application. As part of the closing procedures Frankenmuth Credit Union will acquire a security interest in the property. Draws are allowed for 20 years or as long as the account remains open and member is in good standing. Payment in calculated on 1% of the balance or $25, whichever is greater. HELOC rates are variable and based on the current index margin; rate floor is 4.00%APR and will not exceed 25%APR. ****FCU DIAMOND MASTERCARD holders only - earn Unlimited 2% CASH BACK! on every purchase, every day from August 1, 2021, to December 31, 2021. This offer is for current Frankenmuth Credit Union Diamond Card Members only and FCU members new to an FCU Diamond Credit Card. Offer excludes all other FCU cardholders, including but not limited to Home Equity Lines of Credit/Credit Cards.

Effective Date: September 22, 2021

For credit card rate, fees and other cost information, click button below.

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