Home Equity Loans & Lines of Credit

Use the equity in your home to make your dreams a reality. Whether it’s for home renovations, to finance a college education, consolidate debt, or more . . . you can choose to take advantage of the ONE option that works the best for you.  

With our home equity loans, you can borrow a specific amount at a fixed rate. You will receive your funds all at once and, have the stability of a fixed rate, term and monthly payment. Or, for access to funds now and in the future – when and where you need it - you can choose our variable rate home equity line of credit.  Both our home equity loans and line of credit offer competitive low rates and generous credit limits up to $250,000.  And, the interest you pay may be tax deductible1, so your final cost could be even lower.

Home Equity Loan

  • Borrow up to 90% LTV¥
  • Loan amounts from $15,000 up to $250,000
  • Low Fixed Rate
  • Terms up to15 years

Equity ONEHundred

  • Borrow up to 100% LTV¥
  • Loan amounts from $15,000 up to $250,000
  • Low Fixed Rate
  • Terms up to 20 years

Home Equity Purchase

  • Borrow up to 100% LTV¥ for the purpose of purchasing a home
  • Loan amounts from $15,000 up to $250,000
  • Low Fixed Rate
  • Terms up to 20 years

Home Improvement Equity Loan2

  • Borrow up to 133% LTV¥
  • Loan amounts from $15,000 up to $250,000
  • Low Fixed Rate
  • Terms up to 15 years

EquityLine (Home Equity Line of Credit)

  • Introductory Rate as low as 3.99% APR3 for Six Months
  • Low Variable Rate
  • Borrow up to 90% loan-to-value of your home
  • Line of credit with limits from $15,000 up to $250,000
  • Interest only or interest plus principal payment options
  • Access using EquityLine checks or transfer funds to your checking account 

Home Equity Line of Credit

  • Borrow up to 100% loan-to-value of your home
  • Low Variable Rate
  • Line of credit with limits from $15,000 up to $250,000
  • Interest only or interest plus principal payment options
  • Access Home Equity Line of Credit using checks or transfer funds to your checking account 

Home Equity Line of Credit (Purchase)

  • Borrow up to 100% loan-to-value of your home for the purpose of purchasing a home
  • Low variable rate
  • Line of credit with limits from $15,000 up to $250,000
  • Interest only or interest plus principal payment options
  • Access Home Equity Line of Credit using checks or transfer funds to your checking account 

Disclosures

  • 1Consult your tax advisor regarding loan interest deductibility.
  • ¥LTV = Loan-To-Value. 
  • 2Proceeds must be used for home improvements only and documentation of bid/materials list/invoice will be required before loan disbursement.
  • 3Annual Percentage Rate (APR).  Rates subject to change without notice and varies based on Prime Rate.  EquityLine has an interest only and a principal and interest payment option available. The APR will adjust to the standard variable rate, currently 5.74% APR for Interest and Principal Payment Option and 7.74% APR for Interest Only Payment Option, after the introductory period and will vary based on prime.  
  • Home equity loans and lines of credit are available on primary residences located in Virginia, Maryland, North Carolina, Kentucky, Tennessee, West Virginia, and Washington, DC.  Members will be obligated to pay the closing costs associated with the closing of a home equity loan or line of credit request. Closing costs include credit reports, appraisal fee, flood certification, title search, recording fees and mortgage transfer taxes. If a drive by or a full appraisal is required to support the loan request, this expense will paid by the member. Total closing costs generally range from $100 to $1,000 based on the loan amount. Closing costs can be incorporated and paid with the loan proceeds. Members should retain a copy of the home equity disclosures. Member may receive a refund of any fee(s) if the rate changes and the member decide not to complete the process. Granting of a home equity loan or line of credit may result in the credit union acquiring a security interest in the property.  Property insurance is required and flood insurance may be required. Certain restrictions apply.

//this script automatically resizes the iframe to the size of the Vizi Career Page