The equity in your home can be a great resource if you’re looking for a low-cost loan for major purchases or expenses. We offer you two options to suit your borrowing needs and preferences.
Use a Virginia Credit Union Home Equity Loan or Home Equity Line of Credit to help you get ahead and get the things you want.
- Consolidate higher-rate debts into one low-rate loan and one payment
- Pay for tuition and education expenses
- Remodel your home or make major repairs
- Buy a car or boat
- Or whatever you've been wanting to do
Features that benefit you
- No closing costs; property insurance is required (see additional information)
- You can borrow up to 90% of the appraised or most current assessed value of your home, less the balance of your first mortgage
- Low rates and affordable payments
- Possible tax savings since interest may be tax deductible (please ask your tax advisor)
Types of homes that can be used as collateral
- Your primary residence located in Virginia
- A second home or vacation home in Virginia, if it’s at least 50 miles from your primary residence and not rented out
- Can be a one- to four-family home, condominium or double-wide manufactured home on a permanent foundation
Home Equity loan services
Learn more about our two types of Home Equity loan services:
Please contact us if you have questions or if we can help you in any way.