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Make your home’s equity work for you, with a Comerica Home Equity FlexLine®.
Introductory Rate
applies to balances on the first 6 monthly statement cycles after the account open date.
Later variable rate as low as
Other fees and charges may apply.2, 3
Introductory Rate
applies to balances on the first 6 monthly statement cycles after the account open date.
Later variable rate as low as
Other fees and charges may apply.2, 3
Introductory Rate
applies to balances on the first 6 monthly statement cycles after the account open date.
Later variable rate as low as
Other fees and charges may apply.2, 3
Introductory Rate
applies to balances on the first 6 monthly statement cycles after the account open date.
Later variable rate as low as
Other fees and charges may apply.2, 3
Introductory Rate
applies to balances on the first 6 monthly statement cycles after the account open date.
Later variable rate as low as
Borrow as you need for repairs, renovations or upgrades. No matter what your goals are, your home equity can make them happen, for less.
Borrow as you need, and make low interest payments only on the amount you use. 1, 2
Transfer any of your variable-rate loan into a fixed-payment option at any time during your draw period.3
Utilize your equity line by writing checks or using your Comerica Premier Equity Access Card anywhere Mastercard® debit cards are accepted (not available in Texas) or by writing checks.5
As a secured line of credit, a home equity line of credit is often several points lower than a traditional, unsecured loan.
Your interest payments may be tax-deductible. Consult your tax advisor.
Your payment will increase if the APR increases (maximum rate is 18%) or at the end of your draw period when your account goes into repayment.
With a Comerica Home Equity FlexLine®, you can borrow against the available equity in your home (up to 80% of your home’s value, minus what is owed).
Borrow against your line of credit when you need it.
Get approved for a total line of credit, but you only pay interest on the amount you have drawn.⁴
Set up auto payments to have payments deducted directly from your Comerica checking or savings account.
Enjoy up to 10 years to draw (draw period) on your credit line and up to 20 years to repay.
Love your home even more with a Comerica Home Equity FlexLine®. Click the button below to get started, or locate a Comerica banking center near you.
Michigan:
1 The Introductory Annual Percentage Rate (APR) of 5.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 9.00% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of September 1, 2023 range from 9.25% to 13.25% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between September 1, 2023 and October 31, 2023, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 8.50% as of August 20, 2023) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Michigan customers. No annual fee for the life of the loan. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required, and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees, which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if your account is in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Mastercard is a registered trademark of Mastercard International Incorporated.
Texas:
1 The Introductory Annual Percentage Rate (APR) of 5.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 9.50% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of September 1, 2023 range from 9.75% to 13.00% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between September 1, 2023 and October 31, 2023, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 8.50% as of August 20, 2023) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. No annual fee for Texas customers. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees, which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if your account is in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
5 $4,000 minimum draw in Texas.
Florida:
1 The Introductory Annual Percentage Rate (APR) of 5.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 9.00% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of September 1, 2023 range from 9.25% to 12.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between September 1, 2023 and October 31, 2023, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 8.50% as of August 20, 2023) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Florida customers. No annual fee for the life of the loan. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required, and flood insurance may be required. For line amounts of $500,000 or less, Comerica will pay certain closing costs, as applicable, including documentation stamp fees and intangibles tax fees, on your behalf. If you pay off and close your line of credit, within the first 24 months of account opening, you will be required to reimburse us for those closing costs.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if your account is in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Mastercard is a registered trademark of Mastercard International Incorporated.
California:
1 The Introductory Annual Percentage Rate (APR) of 5.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 9.25% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of September 1, 2023 range from 9.50% to 13.00% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between September 1, 2023 and October 31, 2023, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 8.50% as of August 20, 2023) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 Early termination fee of 2% of credit limit with a max of $500, if account is closed within the first three years for California customers. No annual fee for the life of the loan. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees, which will be paid on your behalf if you keep your loan open for longer than 36 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if your account is in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Mastercard is a registered trademark of Mastercard International Incorporated.
Arizona:
1 The Introductory Annual Percentage Rate (APR) of 5.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 9.75% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of September 1, 2023 range from 10.00% to 13.00% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between September 1, 2023 and October 31, 2023, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 8.50% as of August 20, 2023) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Arizona customers. No annual fee for the life of the loan. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees, which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if your account is in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Mastercard is a registered trademark of Mastercard International Incorporated.
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