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Use the Equity in Your Home 

Your home is one of the biggest investments you will ever make, and like any investment, it can help improve your life. Finance an education for yourself or a loved one or consolidate your debt. You can even use your equity to buy a car or anything else you need or want. A Home Equity Loan from your credit union can even be used as your primary mortgage.

house made out of dollar bills

Home Refinance/Home Equity Loan1

• Loans from $10,000 to $500,000
• Fixed rate and payment with terms up to 30 years
• Closing costs as low as $595
• Borrow up to 80% of your home’s value
• Primary residence and second home in Virginia

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Home Equity Line of Credit2 

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

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Connect with Us

Interested in a Home Equity Loan? Complete the contact form and a credit union representative will contact you to discuss your specific needs.

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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 could include property appraisal, title search and document preparation at an approximate cost of $500. 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. 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. APR = Annual Percentage Rate.

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 $500. 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.