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Home Equity Lines of Credit
You Could Be Sitting on Flexible Financing
Did you know that the equity in your home could be the key to tackling those big home renovation projects or other large expenses?
Rates Effective as of
December 8th, 2025
Home Equity Line of Credit
|
APR*
as low as |
||
|---|---|---|
| Home Equity Line of Credit | 6.00% |
*APR = Annual Percentage Rate. Home Equity Lines of Credit are available on primary residences located in the State of Michigan only. Rates are subject to change without notice and are variable. The minimum rate that may be imposed is 5.50% APR. The maximum rate that may be imposed is 14.00% APR. You must pay certain fees to third parties to originate the Home Equity Loan. These fees generally total between $0.00 and $1,000. If you ask, we will provide you with an itemization of the fees you will have to pay third parties. Property insurance is required, and flood insurance may be required. Non-members will be charged a $10 new membership fee upon account opening.
Calculate your estimated borrowing capacity using a home equity line of credit
We make it easy to tap into your equity.
Apply for a HELOC online in 10 minutes or less
Access up to 90% of your home’s equity for primary residences
Borrow as much or as little as you need – with a HELOC, use funds over and over as you pay down your loan
Pay interest only on the funds you use
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HELOC FAQs
What is the difference between a Home Equity Loan and a Home Equity Line of Credit?
-A Home Equity Loan provides the borrower with a lump sum amount that comes with fixed payments and fixed interest during the term of the loan. A Home Equity Line of Credit (HELOC) is a revolving line of credit that features variable interest rates and, therefore, variable minimum payments. With a HELOC, you pay interest only on the funds you use.
What is the purpose of this type of loan?
- This type of loan can be used to fund home improvements, renovations, updated appliances, fund higher education, refinance high-interest rates or consolidate all debts into one easy monthly payment. As interest is only charged on the amount used, if the expense is lower than expected, you will not be charged interest on the remaining funds.
Is Private Mortgage Insurance (PMI) Required?
- Christian Financial Credit Union does not require additional PMI, but borrowers must maintain their current homeowners' insurance. A Home Equity Line of Credit loan is considered a second mortgage, therefore no additional PMI or escrow account is required.
How can I access my funds?
- Members can use their Home Equity Line of Credit via Online Banking or our ChristianFCU Banking app. Or you can visit a branch to take out funds.
Is there a penalty for making pre-payments or paying off my Home Equity Line of Credit early?
- Members are able to pay off early and close or pay down their HELOC to zero and still have the funds available with no penalty.
Is the interest I pay on my Home Equity Line of Credit tax deductible?
- The interest you pay may be tax-deductible, depending on how you use the funds and other factors. A tax advisor can provide details and information regarding your specific situation and advance.
What other restrictions apply to this type of loan?
-Our Home Equity Line of Credit product is only available on primary residences.
Home Equity Line of Credit Reviews
Don't take our word for it!
My visit to CFCU was painless. My loan officer was very knowledgeable, polite and prepared my loan application in an expedient manner. I was very impressed with her calm demeanor and sense of humor while helping with my loan.
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Nationwide Mortgage Licensing System (NMLS) Information
Christian Financial Credit Union's Regulatory Agency is the Department of Insurance and Financial Services. The following professionals are loan originators sponsored by Christian Financial Credit Union.
| Name | NMLS ID |
| Steven Andrews | NMLS ID: 1961679 |
| Donna Bondar | NMLS ID: 1962667 |
| Laqueria Brisco | NMLS ID: 1424973 |
| James Clemens | NMLS ID: 33028 |
| Bernadette Colley | NMLS ID: 1845027 |
| Ladonna Davis-Mahone | NMLS ID: 1965269 |
| Rita Gordon | NMLS ID: 2074227 |
| Matthew Gould | NMLS ID: 2684256 |
| Brittney Haase | NMLS ID: 2680559 |
| Marisa Haemelinck | NMLS ID: 1555536 |
| Allison Heck | NMLS ID: 2602255 |
| Mallory Hudak | NMLS ID: 2739396 |
| Sarah James | NMLS ID: 2421512 |
| Nicole Jaworski | NMLS ID: 2682959 |
| Miranda Johnson | NMLS ID: 2734826 |
| Kristy Kennedy | NMLS ID: 1612479 |
| Julie Laflin | NMLS ID: 2477625 |
| Keaira Lamb | NMLS ID: 2738471 |
| Marjorie Lockwood | NMLS ID: 803820 |
| Maegan Lohr | NMLS ID: 2474122 |
| Brandy Long | NMLS ID: 2468910 |
| Carol Mohawk | NMLS ID: 1365477 |
| April Percha | NMLS ID: 1370682 |
| Joann Peurach | NMLS ID: 200025 |
| Mallory Provencher | NMLS ID: 2682580 |
| Mary Kay Puvalowski | NMLS ID: 1091080 |
| Rebecca Reini | NMLS ID: 408074 |
| Ryan Schmidt | NMLS ID: 1963426 |
| Jered Shiveley | NMLS ID: 1170066 |
| Barbara Trbovich | NMLS ID: 1174279 |
| Jami-Lou Turner | NMLS ID: 2075045 |
| Timothy Vietto | NMLS ID: 1210014 |
| Stephanie Warren | NMLS ID: 533825 |
| Noah Wells | NMLS ID: 2687396 |
| Melissa Zahodnic | NMLS ID: 2471557 |
| Najat Zaya | NMLS ID: 2427023 |
| Sarah Zemke | NMLS ID: 1091078 |
*APR = Annual Percentage Rate. Home Equity Lines of Credit are available on primary residences located in the State of Michigan only. Rates are subject to change without notice and are variable. Rates may vary, based on credit history and collateral. The minimum rate that may be imposed is 5.50% APR. The maximum rate that may be imposed is 14.00% APR. You must pay certain fees to third parties to originate the Home Equity Line of Credit. These fees generally total between $0.00 and $1,000. If you ask, we will provide you with an itemization of the fees you will have to pay third parties. Property insurance is required, and flood insurance may be required. Non-members will be charged a $10 new membership fee upon account opening. Christian Financial waives fees on Home Equity Lines of Credit up to $75,000 for Collateral Valuation (including appraisal if required), Credit Report, Flood Certification, Junior Title Policy and Mortgage Recording. Applicant pays appraisal fee, which is fully reimbursed at closing if loan approved and the loan closes within 45 days of application. Offer may be discontinued or changed at any time.
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