Home Equity Options

Get more from your home.

Put the equity in your home to work.

The equity in your home can be an excellent source of funds when you’re looking for an easy, affordable option for home repairs, upgrades or purchasing furniture. VACU offers three different loan products to help you use the equity in your home to get the money you need.

We're here to help!

Let's discuss your options and help you find the best way to use your home's equity. Call (804) 591-4920 to speak with a member of our lending team.


Equity Loan


Equity Line of Credit


Cash-out Mortgage Refinance


Your need

You have a large expense or you want to consolidate debt.

You have recurring expenses.

You have a large expense or want to consolidate debt without an extra monthly payment.


1 to 20 years

10-year draw period & a 10-year repayment period

10, 15, 20, and 30-year fixed rate options and 5, 7, and 10-year adjustable rate options

Access to
the funds

One lump sum when
you get the loan

Use as needed,
up to an approved credit limit

One lump sum when
you get the loan


Fixed amounts

Variable amounts

Fixed amount in the form of your mortgage payment

Interest rates

Fixed rate

Variable rate
May change monthly based on prime rate

Fixed or adjustable, you choose

Interest charged

On the full loan amount

Only on the outstanding balance

On the full loan amount


You can borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $10,000 to $100,000; up to 85% for loan amounts over $100,000

You can refinance your mortgage up to 80% of the appraised value of your home

Ready to apply?

You have three great options:

*12-month intro rate as low as 3.99% APR. After that, the APR can range from 5.50% to 11.00% APR. Range is based on the current Prime Rate as of 1/1/2019 and other criteria and is subject to change.

**Mortgage application required. Certain restrictions, limits and other conditions apply.