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Home Equity Line of Credit Special

Reward yourself with this amazing loan rate

Apply online, over the phone or in-person

With 26 convenient West Michigan branch locations and an easy to use online application, no matter how you want to apply, we will be convenient for you.

2.49% 6 Month INTRO*
5.15% APR*

Home Equity Line of Credit rate (HELOC)

Advantages of a Home Equity Line of Credit

  • Make affordable interest only payments
  • Access funds easily with provided checks or by visiting a local branch or making an online transfer
  • Pay no closing costs for a HELOC, but you may be required to pay for an appraisal or title policy, depending on line amount

Are you ready to accomplish more of what matters to you?

Get Macatawa Bank’s Home Equity Line special and reward yourself. What’s been on your mind?
  • College tuition
  • Home renovation or repair
  • New or used vehicle
  • Emergency fund
  • Debt consolidation
  • Vacation
  • Second home

Get started

You can take advantage of this Home Equity Line of Credit special rate by applying online today.

Apply now

Have questions?

Call us at (877) 820-2265, stop by one of our branches, or fill out the contact form below and we will reach out to answer any questions you have.

*Introductory Annual Percentage Rate (APR) of 2.49% on eligible new home equity lines of credit (HELOC).  Loans of $100,000 or greater with a maximum loan to value (LTV) of 80%, a minimum credit score of 760 and a $20,000 or more advance at closing would have an APR of 5.15% at the end of the introductory period. Current HELOCs may qualify if credit line is increased by at least $20,000 (minimum credit limit must be $20,000) and at minimum $20,000 new money advanced at close. Introductory rate is fixed for six months following the account opening date, and is not based on index and margin used for later rate adjustments.   After the introductory 6 month rate period, the rate is a variable rate based on prime plus a margin. The prime rate is based on the Wall Street Journal Prime Rate. Current prime rate is 5.25% as of September 27, 2018.  The margin for a home equity line of credit, in the amount of $100,000 or more with a minimum 760 credit score and a maximum LTV of 80% is Prime - 0.10% (5.15%).  The APR is variable and can change at any time without notice, but will never be greater than 25.00%. Annual fee of $75 is waived for first year. If you close your Credit Line before the third anniversary you may be charged 1% or 2% of the principle balance depending on lien position, up to $250.  For loans under $249,999, there are no origination fees. Fees, if applicable, may range from $350 - $1,000. The term of the line is 25 years, consisting of a 10 year draw period with interest only payments followed by a 15 year repayment period with amortizing payments of principal and interest which may increase your monthly payments, for loan amounts $249,999 or less. Maximum loan amount of $500,000. Your minimum payment during the Advance Period will not decrease the principle balance on your account. Other rates and terms are available, contact your local banking office for more details. Consult a tax advisor regarding the deductibility of interest. Loan subject to credit approval and owner occupancy guidelines. Equal Housing Lender. Offer valid through 12/31/2018.

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