Wanigas Credit Union


Wanigas Credit Union
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Home Equity Loans

Is it time to put the equity you’ve been building up in your home to work for you?
Wanigas Credit Union offers both fixed home equity loans and variable lines of credit as easy ways for you to borrow money when you need it.


FIXED RATE HOME EQUITY Loan

  • Fixed rate loans for 10- or 15-year terms
  • Available on single family homes, condominiums, manufactured and duplex homes
  • Allowed on primary and secondary homes
  • Non-refundable appraisal fee is collected when you apply (usually around $420)
  • Possible tax advantages*
  • Loan amounts up to $100,000

You can apply for a Wanigas Credit Union fixed rate home equity loan over the phone (989) 799-6011 or (800) 675-2285 ext. 782 or stop by one of our branches today.


HOME EQUITY LINE-OF-CREDIT Loan 

  • Variable rate – based on Wall Street Journal Prime Rate
  • We’ll lend up to 80% of the appraised value of your home 
  • Available on single family home, condominiums, manufactured and duplex homes
  • Allowed on primary residence only
  • Loan amounts up to $100,000
  • Possible tax advantages*
  • No minimum advance or balance
  • Affordable payments that are amortized between 180 to 360 months
  • $50 annual fee
  • Easy access with convenience checks, EZ Telephone Banking and online banking

Applying for a Home Equity Loan or Line of Credit

When you apply for a home equity loan or line of credit, you’ll need:

  • Proof of income for all borrowers like a recent paystub, Social Security statement or pension statement
  • W2s and tax returns for the last two years
  • Current property tax bill
  • Homeowner’s insurance information

You can apply for a Wanigas Credit Union home equity line of credit online, over the phone or stop by one of our branches today.

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