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Home Equity Loans

Home Equity Loan

Your home is one of your biggest investments. Like any investment, it can help improve your life. A home equity loan1 can be used as your primary mortgage or help you finance education, consolidate your debt, buy a car, or buy anything else you need or want.

  • Borrow up to 80% of your home’s value
  • Closing costs as low as $595
  • Fixed rate and payment with terms of up to 30 years
  • Loans from $10,000 to $400,000
  • Available for both primary residence and a second home in Virginia

View Rates

Not all applicants will qualify.

Home Equity Line of Credit

A home equity line of credit2 is a great resource that can give you quick access to funds with low rates.  A home equity line of credit can be used to help you finance an education, consolidate your debt, buy a car, pay for an emergency, or to buy anything else you need or want.

  • Access to available funds
  • Borrow up to 80% of your home’s value
  • 5-year draw period
  • 15-year payment period
  • Line of credit limits from $10,000 to $400,000
  • Available for both primary residence and second home in Virginia
  • No closing cost options available
  • Variable rate and payment 

View Rates

Not all applicants will qualify.


1Property insurance is required prior to loan closing. APR - Annual Percentage Rate. For further details please contact a credit union representative. Rates, terms, conditions and services subject to change. Not all borrowers will qualify for the lowest rate. Closing costs may increase if additional appraisal on property is requested or subordination documents are created. Waived closing costs(meaning paid by the credit union)could include property appraisal, title search and document preparation at an approximate cost of $595. Maximum loan amount is $25,000 or less when LTV exceeds 80%.Payment example based on a $10,000 loan: $96.50 at 2.99% APR with a 10-year term; $69.00 at 2.99% APR with a 15 year-term; $56.66 at 3.24% APR with a 20-year term; $44.84 at 3.49% APR with a 30-year term. Payment samples do not include taxes or insurance premiums, if applicable and your payment may be higher. Actual rate will vary depending on applicant’s credit ratings and length of loan term. If you decide not to enter into this plan within three business days of receiving this disclosure and the home equity brochure, you are entitled to a refund of any fee you may have already paid. Not all applicants will be approved. 

2Property insurance is required prior to loan closing. APR = Annual Percentage Rate. For further details please contact a credit union representative. Rates, terms, conditions and services subject to change. Not all borrowers will qualify for the lowest rate. Waived closing costs could include property appraisal, title search and document preparation at an approximate cost of $595. APR on the Home Equity Line of Credit may vary, minimum APR is 3% and maximum APR is 16%. Draw period for Home Equity Line of Credit is 5 years. Actual rate will vary depending on applicant’s credit ratings and length of loan term. You may draw against your credit line any time during the first five years after closing. If you close your Home Equity Line of Credit Plan and satisfy the security instrument within 12 months of the Plan's opening, you will reimburse us 100% of the closing costs we paid on your behalf. If you close your Home Equity Line of Credit Plan and satisfy the security instrument within 13-36 months of the Plan's opening, you will reimburse us for part of the closing costs we paid on your behalf by paying us a partial reimbursement fee of $350.00. If you decide not to enter into this plan within three business days of receiving this disclosure and the home equity brochure, you are entitled to a refund of any fee you may have already paid. Not all applicants will be approved. 

Membership eligibilty required.