15-year rates as low as 3.75% APR*

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Home Equity

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Harness today’s historically low interest rates and reclaim the equity in your home for other smart investments. Use the cash for home improvement (hello, home office), debt consolidation (goodbye, high interest rates), tuition toward a brighter future—anything you and your family need. You may enjoy flexible terms, the possibility of borrowing up to 100% of your home’s value, and a quick decision with no closing costs.*

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What Is Home Equity?  

Home equity is the difference between the appraised value of your home and the amount you still owe on your mortgage. 

What Can I Do With Home Equity? 

Borrowing against home equity gives you cash on hand to pay for things that matter, whether it’s a planned home remodel or an emergency need. There are two primary options: a fixed-rate home equity loan, or a home equity line of credit. 

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Fixed-Rate Home
Equity Loan

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Borrow what you need based on the value of the equity in your home. 

  • May be tax deductible (consult your tax advisor).
  • Good for large, expensive projects where a lump sum is necessary.
  • Fixed interest rate and payments for the term of the loan.
Home Equity Line
Of Credit

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A line of credit is a flexible solution that works like a credit card. You borrow money when you need, rather than taking it out all at once. 

  • Draw as little as $300 or as much as your available credit line. 
  • Make payments only on the amount you’ve drawn. 
  • Low variable rates and payments.

Get The Answers You Need Before You Apply

Call 800-666-8811, and press option 4. 

Complete our contact form. 

Visit our Real Estate Center in Roanoke, or one of our retail center locations today.

We currently only lend in the state of Virginia. 

Apply Now

Current members, apply by logging into Online Banking or by calling 800-666-8811.

*APR means Annual Percentage Rate. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Approval subject to loan and property value, creditworthiness, and underwriting. As of 1/1/2021, at current APR and based on $100,000 borrowed, estimated monthly payment is $1,818 for 5 years. If the loan is on a first lien, the payment example does not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Origination and other fees, and loan amount may affect the APR. Not all applicants will qualify for the lowest rate.

*Member One standard closing costs waived except any attorney fees. If loan is paid off within two years of closing, the member must reimburse the closing costs (ranging from $200-$2,000). Membership eligibility required. Federally insured by NCUA.

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