Home Equity Options

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 calculator
Estimate your payments and interest with this handy calculator.

Home Equity loan services
Learn more about our two types of Home Equity loan services:

• Home Equity Loan
• Home Equity Line of Credit

Please contact us if you have questions or if we can help you in any way.