Home Equity Options

Get the funds you need for a large expense – such as a major home improvement – or consolidate debt.

Features & Benefits

7.50

As low as 7.50% APR ?

20 yrs

Available in terms of 5, 10, 15, or 20 years

Gain flexibility with recurring expenses, including home renovations or education-related costs.

Features & Benefits

6.24%

APR?

After that the APR can range from 7.50% to 18% APR based on the Prime Rate and other criteria.

Comes with a 10-year draw period and 10-year repayment period.

Attribute to Compare	Home Equity Loan	Home Equity Line of Credit
Best for	Best for Large expenses, like a major home improvement, or you want to consolidate debt	Best for Recurring expenses, such as home renovation or home improvement costs
Access to funds	Access to funds One lump sum when you get the loan	Access to funds Use as needed, up to an approved credit limit
Monthly payment	Monthly payment Fixed amount	Monthly payment Variable amount
Closing costs	Closing costs $0	Closing costs $0
Interest rate	Interest rate As low as 7.50% APR ? fixed rate	Interest rate Introductory rate of 6.24% APR? for the first 12 months and then after that, a variable rate ranging from 7.50% – 18% APR based on the Prime Rate and other criteria
Interest charged	Interest charged On the full loan amount	Interest charged Only on the outstanding balance
Loan amounts	Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.?	Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.?
Terms available	Terms available 5, 10, 15 or 20 years	Terms available 10-year draw period and 10-year repayment period

1
Rate effective as of 05/21/2025. Your APR will be determined based on our internal credit criteria. Listed APRs are based on a loan to value of 70% or less, assume an excellent credit rating, and for Equity Loan include a .50% discount for repaying by an automated payment method approved by us. Property insurance 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 and maximum loan or credit limits apply. Please contact us for specific term options and rates.
2
6.24% 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 05/21/2025 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 $20,000. Contact us for other options, current rates and information.
3
For a secondary residence borrow up to 70% of the appraised value of the home, less the balance of the first mortgage, from $20,000 to $50,000.