Home Equity Loans

Remodeling projects. A family vacation. College tuition. There are countless ways a CoVantage home equity loan can make your life a little (or a lot) better.

Cover life's major costs. Or splurge on some simple pleasures.

CoVantage Credit Union's Home Equity Flex loans provide our Wisconsin and Michigan borrowers with a lot of options. You can use the money to buy something special, or put it toward practical needs such as credit card debt or medical costs. A CoVantage home equity loan gives you the flexibility of a line of credit and the peace of mind of locking portions of it at a fixed interest rate. With the benefits of a traditional line of credit loan AND a fixed loan, a Home Equity Flex loan keeps you in control.

What is a Home Equity Flex loan?

A Home Equity Flex loan is a line of credit that allows you to lock in a portion of your loan at a fixed rate.

How do you lock a segment?

Home Equity Flex Rates

Annual Percentage Rate (APR) effective 06/13/2021 and subject to change. Rates and monthly payments are our lowest available. Individual rates and terms may vary based on down payment, credit history, and credit score.

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Home Equity Flex Line of Credit (Variable Rate)
Term Rate APR As Low As Monthly Payment Per $1000
Line of Credit 4.000% 4.000% $10.00
Home Equity Fixed Rate Conversion Option
Term Rate APR As Low As Monthly Payment Per $1000
5 Year 4.625% 4.637% $18.71
10 Year 4.875% 4.881% $10.55
15 Year 5.375% 5.380% $8.11
20 Year 5.750% 5.754% $7.02

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