Home Equity
Access your home equity, quickly and easily
With FlexChoice, you can access a home equity line of credit (HELOC) to cover life’s big moments, unexpected expenses, or long‑term plans, with a simple application process and fast closing.
Use your equity your way.
Access what you need. Lock in when it feels right.
As low as
4.99% APR*
for 5 months
Lock in this introductory rate for the first 5 months following the loan funding date.
Offer ends June 30, 2026.
*APR = Annual Percentage Rate. 4.99% introductory APR available for up to the first five months following loan funding on new FlexChoice home equity lines of credit. After the introductory period, the APR will convert to the standard variable APR based on loan-to-value and credit worthiness. Variable rate is subject to change monthly, based on the prime rate and margin. Current APRs range from 6.25% to 7.50%. Maximum APR is 18.00%. Offer valid April 1, 2026 through June 30, 2026. Offer available on new FlexChoice HELOCs only. Community Choice home loan refinances are not eligible. All loans subject to credit approval. Terms subject to change. Membership eligibility is required.
Why get a home equity line of credit with Community Choice Credit Union?
Enjoy the flexibility of FlexChoice and a supportive process reviewed by real Home Equity Specialists, not just an automated decision. You can lock in a fixed rate to a portion of your balance only when it makes sense for you.
Compare your options
There’s more than one way to leverage your home equity. Use our comparison table to find the best option for your needs.
FlexChoice HELOC | Renovation Loan | Home Equity Loan | |
What it is | A revolving credit line you draw from as needed, with the option to lock in a fixed rate. | A loan based on your home’s after-renovation value, powered by RenoFi. | A lump-sum payout with a fixed rate and fixed term. |
Best for | Ongoing or phased expenses where you want flexible access. | Major renovations that exceed your current equity. | One-time costs where you need the full amount upfront, |
Access to funds | Draw as needed during the draw period. | Based on project scope and after-renovation value. | Full amount at closing. |
Rate type | Variable, with fixed-rate lock option. | Fixed or variable options. | Fixed. |
Payment predictability | Variable balance; fixed rate options. | Depends on rate type selected. | Same payment every month. |
Keep existing mortgage | icon-check | icon-check | icon-check |
Terms and Conditions
*Registration/activation required.
- Benefits are available to personal checking account owner(s), their joint account owners and their eligible family members subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.
- Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
- You will have access to your credit report and score provided your information has been verified by the CRA. Credit Score is a VantageScore 3.0 based on single bureau data. Third parties may use a different VantageScore or a different type of credit score to assess your creditworthiness. Once you have activated credit file monitoring, you may request your credit score. Once you have done so, you will have access to you score on a monthly basis.
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.
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.
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.
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.
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 process
Getting money to reach your goals isn’t complicated. Here’s what it usually looks like:
Hear from happy members
Home equity FAQs
Questions about home equity loans and home equity lines of credit (HELOC)? Don’t worry, we’ve got you.
Turn your home’s equity into a resource you can use, on your terms
Your home has already helped you build something meaningful. A home equity loan or line of credit can help you take the next step,
whether that’s tackling a project, covering a big expense, or simply giving yourself more breathing room.
NMLS ID# 451369