A lighter spend from a smarter lend.

Get our lowest-possible interest rates with the most flexible repayment terms plus local processing. Sovita Credit Union loans and refinancing plans are built entirely around you, so they save you more time and money. Even on existing terms from other lenders.


Home Equity Loans

Sovita offers two home equity loan types (consult your tax advisor about your particular situation):

Traditional Second Mortgage. Borrow a specific amount to be repaid over a set period of time with equal low monthly payments and a fixed interest rate.

Home Equity Line of Credit. Borrow the amount you need, up to your approved limit, as you need it. Your payments are based on the amount of your last loan advance.

To apply for a Home Equity Loan, call our Loan Department at (800) 369-2786, (810) 720-8300, (810) 664-5351 or e-mail loans@sovitacu.org.

The interest rates for home equity loans are typically lower than interest rates for personal loans, and the interest you pay may be tax-deductible**. Consider a Home Equity Loan for home improvements or repairs, college tuition and expenses, vacation or wedding expenses or to consolidate high interest rate debt.

** Please consult your tax advisor about your particular situation.

Teacher Doctor Member Promo

Who can be a Sovita member?

Education and healthcare employees – and their immediate families – who live in the State of Michigan.

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