At Community Choice, we don't want you to be buried in BILLS.
When you consolidate your BILLS with Community Choice with a Home Equity Line of Credit (HELOC), there are absolutely no closing costs!
You can also use a HELOC for a vacation, a home remodel you've been putting off, or just some quick things around the house!
Put your home's equity to work for you with a Home Equity Line of Credit from Community Choice, and get started in less than 60 seconds!
Only $10/mo for every $1,000 borrowed!*
Tap into the equity you've built up in your home with a Home Equity Line of Credit from Community Choice.
- Pay off debt
- Fix up your home
- Use it for education
- Go on a trip
- Easy access! Whenever you need more money, access it through online banking.
- It's your money. Use it however you want.
*Minimum credit line $10,000
Home Equity Line of Credit (HELOC) rates are subject to change quarterly on the first day of each January, April, July, and October. That rate is based upon the prime rate plus .50% for up to 85% loan to value (LTV), currently 4.00% APR and prime plus 1.50% for those loans over 85% loan to value (LTV), currently 4.75% APR. Those rates have a minimum floor rate of 4.00% APR and a maximum ceiling rate of 15% APR. You can obtain credit advances for 10 years. The length of the repayment period will depend on changes in the interest rate and the balance at the time of the last advances but it will not exceed 20 years. Minimum payments required of at least $50.00 or 1% of the outstanding balance, whichever is larger. Minimum line amount is $10,000.00 and minimum advance is $100.00. Closing costs are $149.00 unless full appraisal is needed. Proof of homeowner insurance required. Rate and loan approval are subject to credit qualification, property condition, and loan to value ratio. Please consult your tax advisor on tax deductibility. APR = Annual Percentage Rate.