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 Credit Union.
- Interest you pay may be tax deductible**
- Easy access! Whenever you need more money, access it through online banking.
It's your money. Use it however you want.
*Minimum amount borrowed $10,000
**Consult your tax advisor
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 4.75% APR and prime plus 1.50% for those loans over 85% loan to value (LTV), currently 5.75% APR. Those rates have a minimum floor rate of 4.00% APR and a maximum ceiling rate of 15% APR. Repayment term based upon the advertised amount and payment would be 126 months if LTV is less than 85%. CCCU HELOC Plan allows for a 10 year draw period followed by a 20 year repayment period. 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.