Community Choice/Borrow/Home Equity Loans

Home Equity Loans

Cash when you need it, flexibility when you don’t

Access the equity in your home to cover life’s big moments, unexpected expenses, or long‑term plans, all with a simple, supportive lending experience.

Apply now

Estimate payment

Why get a home equity loan with Community Choice Credit Union?

Enjoy the confidence of predictable monthly payments and a supportive process reviewed by real Home Equity Specialists, not just an automated decision.

Closing costs as low as $0

We’ll work hard to get your closing costs as low as possible – sometimes even eliminating them.

Guidance and access at every step

Work with a devoted Home Equity Specialist to support you throughout the process.

Digital closing process

Close your loan quickly and securely with a digital closing process you can access from anywhere.

What is home equity?

Home equity is the part of your home that you truly own. It’s calculated by taking your home’s current value and subtracting what you still owe on your mortgage. As you make payments or as your home’s value rises, your equity grows over time. Many homeowners use a Community Choice home equity loan or line of credit (HELOC) as a flexible way to fund real‑life needs like home improvements, consolidating higher‑interest debt, covering unexpected expenses, or paying for major purchases such as a vehicle, education, or medical bills. When used thoughtfully, home equity can be a practical, lower‑cost way to turn the value you’ve built in your home into money you can use today.

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 lock in a portion of your balance into a fixed rate and term when you choose.

Apply now

Home Equity Loan

It’s your money to use how you see fit. A home equity loan can be used home repairs and remodels, vacations, major purchases, or just about anything you have in mind. 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.

Apply now

Renovation Loan powered by RenoFi

Increase your home’s worth with an innovative renovation loan that is based on your after-renovation value. Enjoy flexible payment options without refinancing your primary mortgage or changing your existing rate.

Explore your options

A happy couple and their dog renovate their home.

Financial Calculators

Our Home Equity Specialists

Our team of amazing Home Equity Specialists is with you from start to finish. You’ll get dedicated service, expert guidance, and smart solutions – and we make the process quick and easy.

Make an appointment

April Urban

Home Equity Specialist
NMLS: 1746981

Rebecca Bryant

Home Equity Specialist
NMLS: 2330504

Daja Owens

Home Equity Specialist
NMLS: 2750043

Chelsey Szittai

Home Equity Specialist
NMLS: 2749814

The home equity loan process

Getting a loan to reach your goals isn’t complicated. Here’s what it usually looks like:

STEP 1:
Chat with a Home Equity Specialist
See what loan programs fit your goals.

STEP 2:
Get pre-approved and budget your loan payments
Understand how much of a loan you may be able to afford.

STEP 3:
Finalize your loan
We’ll guide you through the final steps and close your loan in 30 days or less.

STEP 4:
Use your home’s equity
Emergency, home improvement… Whatever your needs, rest easy and enjoy!

Hear from happy members

Community Choice Credit Union Credit provided me with an absolutely painless interaction. Nothing like a bank where you are just a number. Hannah worked with me to find an incredibly low rate. She made the loan easy to apply, gave me a quick answer, then provided me choices to find the best option to fit my needs. Very highly recommended. Thank you Hannah! JJ D. 5 stars on Google
Community Choice Credit Union was a good experience, my personal advisor is very knowledgeable, helpful and she explained the great opportunities to help with my credit, finances and future growth. This is the most comfortable I have felt in any financial institution. Dennis B. 5 stars on Google
I had such a great experience starting a business account at the credit union thanks to Dania. She was super helpful, patient, and kind the entire time. She explained everything clearly and made the whole process really easy for me. Fatima A. 5 stars on Google