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Build new memories in your home.

Make updates or expand your space to continue life in the home you love.

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HOME EQUITY LOANS

There’s power in your home.

HOME EQUITY LOANS

There’s power in your home.

Lively dinner parties in your remodeled kitchen. Summer evenings in your new four-season room. Or the comfortable atmosphere of your home with new energy-efficient upgrades. As your life changes, your home may need more room, a new layout, or some updates. Reimagine your space and keep making memories with a fixed home equity loan or home equity line of credit (HELOC).
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How an equity loan can help.

Equity is the difference between the appraised value of your home and what you still owe on your mortgage. This value is considered during the approval process for your loan.

Fixed-home-equity-loan

 

Fixed home equity loan.

This loan allows you to get all your financing at once. You'll make the same monthly payment over time.

Apply for a Fixed Equity

HELOC

 

Home equity line of credit (HELOC).

Offers a revolving credit line secured against your current home, so your payments could change. A good option if you need to pay for supplies or pay contractors at different times during a project.

Apply for a HELOC

Upgrade and support your neighbors.

Upgrade and support your neighbors.

When you work with us on your home equity loan, we’ll donate $50 to a local Michigan nonprofit after you close your loan1. Transform your home and empower your community at the same time. That’s the power in all of us.
SEE OUR 2023 IMPACT
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Over $260,000

has been donated to Michigan housing nonprofits since the launch of the home loan giveback program in 2019, thanks to our members. That’s the power in all of us.

2023 Giveback Recipient:


Haven Homes of Detroit Logo

2022 Giveback Recipients:


Isabella County Resoration House • Advent House Ministries

2021 Giveback Recipients:


Habitat for Humanity of Michigan • Southwest Solutions Grand Haven Area Community Land Trust • Recovery Advocated in Livingston AYA Youth Collective • Haven House • Resilience: Advocated for Ending Violence Community Catalysts • Community Action House • Love in Action Shelter of Flint

2020 Giveback Recipients:


Lighthouse • SOS Community Services • Holland Rescue Mission Shelterhouse

2019 Giveback Recipients:


Humble Design • The City Rescue Mission of Lansing Isabella County Restoration House • LACASA Shelter Association of Washtenaw County • Love in Action

FINANCIAL WELLBEING LIBRARY

Empower your financial future.

You have the power to take control of your finances. Reach your goals. And dream bigger. Find resources and articles here to help you on your journey.

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1 Apply for a fixed home equity loan or home equity line of credit (HELOC) from July 12, 2023 through December 31, 2024, and $50 will be donated after closing your loan. Donations will be made to nonprofit organizations focused on housing and shelter through our partnership with the Lake Trust Foundation. Lake Trust Credit Union membership required. Offer may not be combined with any other promo or discount. The promo has no cash value and is non-transferrable. Terms subject to credit and loan approval. Other restrictions may apply. Lake Trust is an Equal Housing Lender, NMLS #695868
Forbes 2025 Best-In-State Credit Unions

Lake Trust is honored to be a Forbes Best-In-State Credit Union.

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