Macatawa and Wintrust Announcement
Father cooking in his new kitchen with his children 

Home Equity Line of Credit

Set up once, use again and again.



A Home Equity Line of Credit (HELOC) gives you easy access to funds you need.

Check out the 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

Popular uses for a HELOC

  • Home repairs (new roof, new furnace, etc)
  • Home remodels (new kitchens)
  • Emergency fund
  • Consolidation of debt (credit cards, vehicle loans, student loans)
  • New or used vehicle
  • Vacations
  • Second homes
  • Financing college expenses



Apply today

Click the apply button to apply online, call us at (877) 820-2265 to apply over the phone, or fill out the form at the bottom of the page to request a consultation and talk through your options with one of our bankers.

Apply now for a HELOC

Request a consultation




*Introductory Annual Percentage Rate (APR) of 6.24% on eligible new home equity lines of credit (HELOC) with a credit score of 720 or higher, and a loan to value (LTV) of 80% or less. Borrowers may not have had a previous HELOC promotional rate with Macatawa Bank within the past 12 months or have a current Macatawa HELOC with an open balance within the past 12 months. Introductory rate is fixed for twelve months following account opening date, and is not based on index and margin used for later rate adjustments.   After the introductory twelve month rate period, the rate is a variable rate based on prime plus a margin. Prime rate is based on the Wall Street Journal Prime Rate. Current prime rate is 8.50% as of July 27, 2023.  Loans of $100,000 or greater with a maximum loan to value (LTV) of 80%, a minimum credit score of 760 would have an APR of 8.40% and a margin of prime - .10%  at the end of the introductory period.  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. Credit Lines closed before the third anniversary may be charged 1% or 2% of the principal balance depending on lien position, up to $250.  For loans under $249,999, there are no origination fees. Applicable fees 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 $249,999 for the 12-month intro rate. Your minimum payment during the Advance Period will not decrease the principal balance on your account. Other rates and terms are available. Consult a tax advisor regarding the deductibility of interest. Loan subject to normal credit approval and owner occupancy guidelines. Equal Housing Lender. Applications must be received between April 1 - July 31, 2024.

Disclosures and borrower information
Macatawa Bank's primary lending area is West Michigan. Online applications will be considered received on today’s business day if submitted during the course of the bank’s normal business hours;
9am EST – 5pm EST Monday – Friday, excluding Federal Holidays
9am EST – 12pm EST on Saturdays
Applications received outside of this timeframe, including Federal Holidays and Sundays will be considered received the next business day.

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