Community Financial Credit Union
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Home Loans

Building equity in your home is important, and safeguarding your family’s home is every homeowner’s goal. But there are times when you need to put your hard-earned equity to work for you. Community Financial has loans and lines of credit to help make them happen.

Whichever option you choose, Community Financial is happy to help you put your home equity to good use.

Home Equity Term Loans

One way to put your home’s equity to work for you is with a Community Financial home equity term loan. They’re great if you’d rather have a set payment on a set amount with fixed terms.

They offer:

  • Fixed loan rates, payments and durations
  • Term from 5 to 20 years to fit your individual needs, call for a personalized quote
  • A .25% discount if payments automatically deducted from your Community Financial checking account
  • Borrow up to 100% of your home's value
  • No application or closing fees
  • Interest may be tax deductible – consult your tax advisor

Stop by one of our branches or call (877) 937-2328 for more information today!

Home Equity Loans
Effective Date: Wednesday, September 20th, 2017
NameRates As Low As*
Variable Rate HELOC 4.00%
Fixed Rate HE Term Loans 3.24%
Home Equity Lines of Credit: The variable rate of 4.00% Annual Percentage Rate (APR) is based on a $25,000+ line of credit and 80% Loan to Value (LTV). Estimate assumes a .25% rate discount given when payments are automatically deducted from a Community Financial checking account. Rates are based on the published Wall Street Journal Prime Rate and subject to change without notice. Additional rates available based on loan amount, LTV and individual credit history. Maximum rate 18.00% APR, minimum rate 2.00% APR. If you close your line of credit plan within the first 24 months you will be required to reimburse the credit union for the bona fide fees paid on your behalf.  Click here for important consumer information regarding Home Equity Lines of Credit.
Home Equity Term Loans - APR is based on $25,000 loan amount, for 60 months, with 80% LTV, and an excellent credit score. It also includes a .25% rate discount given when payments are automatically deducted from a Community Financial checking account. Actual rate based on loan amount, LTV, term and individual credit history.

About Community Financial
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Community Financial Credit Union, P.O. Box 8050, Plymouth, Michigan 48170-8050

Proudly serving the checking, savings & loan needs of these Michigan communities:
Atlanta | Canton | Gaylord | Hillman | Lewiston | Livonia | Northville | Novi |Plymouth

© Community Financial 2017

Additional coverage provided by ESI.
Equal Housing Lender
Federally insured by NCUA.
Federally insured by NCUA.

Applying for a Loan or Account

Thank you for your interest in a loan or deposit account at Community Financial Credit Union. Please review Community Financial's field of membership in the state of Michigan and choose an option below.

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Applying for a Loan or Account

Thank you for your interest in a loan or deposit account at Community Financial Credit Union. Please review Community Financial's field of membership in the state of Michigan and choose an option below.

• I am currently a member or believe I qualify for membership based on Community Financial's requirements.
Proceed to application

• I do not meet Community Financial's field of membership requirements.

Cancel this request