Home Equity Lines of Credit

A Home Equity Line may be right for you if you have a recurring expense such as college tuition or a home renovation.

  • Flexible open-end loan with a variable rate
  • 10-year draw period and a 10-year repayment period
  • You can borrow up to 90% of the appraised value of your home, less any outstanding mortgages owed on the property
  • Access funds as needed through Online and Mobile Banking, by phone, convenience check or at a branch
  • Useful for VACU checking¬†overdraft protection
  • No closing costs*

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Application Checklist

*3.99% APR valid for 12 months from account opening and after that APR may vary. Listed APR range is current based on Prime Rate as of 1/1/19 and APR will never be more than 18%. Your qualifying APR is determined based on our internal credit criteria, loan to value (LTV), credit rating and other factors. LTV may not exceed 90%. Property insurance is required. If account is closed or paid off within 36 months of opening it, you will pay a reimbursement fee equal to the amount of closing costs originally paid by VACU. Minimum loan amount is $10,000. Contact us for other options, current rates and information.