Home Equity + HELOC

Your home’s equity can do big things

Find a loan option that suits your needs and close at high speeds.
Work with devoted Home Equity Specialists.
Apply, qualify, and close quickly from anywhere.
We’ll pay up to $500 off your Home Equity closing costs!*

The right loan for your next project

We get you your loan fast with a two-week average closing time after you apply online. Choose from a home equity loan or FlexChoice HELOC.

Options to suit your project

Choose from a fixed-rate home equity loan or variable-rate line of credit; either way, we make sure you save.

Coverage that expects the unexpected

We get it. Life happens. Talk to us about payment protection.

Quick and easy application

We save you time with an online application process, pre-approval options, virtual notaries, and fast closing speeds.

Improve your credit

A home equity loan or FlexChoice HELOC is a great way to up that credit score.

FlexChoice home equity line of credit

Put the value of your home to use and get a line of credit to pull from as you go. With FlexChoice, you have the flexibility to segment off a portion of your balance into a fixed rate and term when you choose.

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Home equity loan

A home equity loan can be used for home repairs, remodeling, vacations, and auto purchases. You’ll have one fixed loan that provides a lump sum upfront and features a fixed term and fixed interest rate so your monthly payment stays the same.

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Our lending team

Our home equity team is with you from start to finish. You’ll get dedicated service, expert guidance, and smart solutions. We make the process quick and easy.

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Hear from happy members

“I’ve had nothing but great experiences at the Westland branch. All the ladies are awesome. Stacy in the home loans department is awesome. They got me approved for a home equity loan in 24 hours.” Terri H.
“Great service. I have been using them for over 30 years. Staff inside the branch are fantastic as well as Stacy, the home equity specialist who helped me with all my questions and needs.” Justin O.
“Community Choice Credit Union has the quickest and most efficient loan requests I’ve ever encountered. Julie called shortly after I filed the documents, and she was pleasant and professional.” Tim B.

Home Equity + HELOC

Home Equity Loan – Fixed rates up to 80% Loan to Value	Rate Type	APR* As Low As
Up to 5 years¹	Fixed	8.49%
Up to 10 years²	Fixed	8.49%
Up to 15 years³	Fixed	8.74%

Home Equity Loan – Fixed rates up to 90% Loan to Value	Rate Type	APR* As Low As
Up to 5 years⁴	Fixed	9.59%
Up to 10 years⁵	Fixed	10.09%
Up to 15 years⁶	Fixed	9.94%

FlexChoice HELOC – Variable rates up to 90% Loan to Value	Rate Type	APR* As Low As
Up to 70% Loan to Value	Variable	8.00%
Up to 80% Loan to Value	Variable	8.25%
Up to 90% Loan to Value	Variable	9.25%

Actual rate based on loan-to-value of collateral and credit worthiness.

Variable rate is subject to change monthly, based on the prime rate and margin. Maximum Annual Percentage Rate is 18.00%. Other terms and conditions may apply.

*APR=Annual Percentage Rate. Intro rates are subject to change without notice. Rate offered will be based on applicant’s credit history and worthiness, term and amount financed and loan-to-value of collateral. Qualifying rate will be determined upon review of application.

¹ 60 monthly payments of $20.52 per $1,000 borrowed.
² 120 monthly payments of $12.40 per $1,000 borrowed.
³ 180 monthly payments of $9.99 per $1,000 borrowed.
⁴ 60 monthly payments of $21.05 per $1,000 borrowed.
⁵ 120 monthly payments of $13.27 per $1,000 borrowed.
⁶ 180 monthly payments of $10.72 per $1,000 borrowed.

Rates subject to change without notice and are for informational purposes only. For details or latest rate information, contact a credit union representative.

Effective March 1, 2024

*Lender credit for closing costs is one time only per household and is subject to change at any time without notice. All loans are subject to approval. This offer is not redeemable for cash. See Credit Union for full details. NMLS ID# 451639.