Home Equity Line of Credit

Got Home Equity? Use It.

Now Available: Waived Appraisal Fee!

Call Joann Direct To Get Started

According to Phil, spring is only a few weeks away and that can only mean one thing: Home Improvement Season!

Chances are you have taken very good care of your home. Now is the time to let your home take care of you. Whether you are looking to remodel your kitchen, replace the roof, take a fancy trip, deal with unexpected expenses, consolidate debt, or even help pay for a college education, CVF Credit Union can help.

And, we are excited to share, for a limited time, we are WAIVING THE APPRAISAL FEE* on your home equity lines of credit!

With our Home Equity Line of Credit we make the process as easy as applying, getting approved, and transferring the funds to your checking account when you need it.

Our Home Equity Line of Credit offers you:

  • A line of credit loan giving you flexibility to borrow some money now, use as you go, and use later.
  • Easy access online, with your mobile app, audio teller, or in the branch.
  • Borrow up to 90% of your combined loan-to-value (including your first mortgage).
  • Seven year draw period and a fifteen year amortization.
  • Low variable rates.
  • Minimum loan is $10,000.

Not a member? Join today.

See Today's Rates

More on Home Equity Lines of Credit


**A home equity loan will place a second lien on your home. There is an estimated appraisal fee of approximately $500. Your fee may be more or less depending on property and appraisal required. Additional fees may apply. Home owners insurance is required. Flood insurance may be required. Mortgaged property must be located in Michigan. Your rate will be based on credit history, term and combined loan-to-value of collateral. Member must have sufficient income to cover debt. Minimum loan amount is $10,000. Other terms and conditions may apply. Contact us for more information. The Home Equity Line of Credit Loan is a variable rate based on the Wall Street Journal Prime Rate and can change quarterly. Waived appraisal offer ends June 30, 2024.

We offer home equity lines of credit in Livonia, Plymouth, Canton, Westland, Northville, Novi and many more.

Put Your Equity To Work… Today

Complete this form and we will be in touch soon to start the process right over the phone. Don’t want to wait? Give us a call at (734) 432-0212.

    * Required Information. Please visit us in person or call us at (734) 432-0212 to discuss sensitive information.