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Be You with a Home Equity Line of Credit

Home Equity Line of Credit

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Use the Equity You've Built
No Closing Costs
No Annual Fee

Tackle Any Project!

With a Home Equity Line of Credit (HELOC) you can get cash when you need it with rates as low as 7.00% APR.1 And, get no closing costs2 on credit limits from $30,000 to $200,000 and no annual fees! You can tackle the project you've been waiting to do, consolidate debt into lower or more manageable monthly payments, and more! You can: 

  • Renovate or decorate your home
  • Transfer higher rate debt to a low-rate Home Equity Line of Credit
  • Go on vacation or travel to see loved ones
  • Cover unexpected expenses
  • Pay tuition

Accessing Your Funds

If you are approved, you can access your funds in online banking or by calling our Member Service Center, visiting a branch, or using checks. And, you have the flexibility to decide when and how much to use (up to your available credit limit). A $100 minimum or a nominal fee may apply3

Not a Member?

It's easy! We can establish your membership at loan closing. See if you're eligible.

Now serving even more members in Virginia's Central Piedmont AND Valley region!


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Home Equity Line of Credit (HELOC)

A HELOC is a variable interest rate, revolving line of credit, secured by the equity in your home. You can borrow as much as you need, when you need it, up to your credit limit. Then, you make payments only on the amount you actually borrow. 

  • Rates as low as 7.00% APR1
  • Borrow up to 80% of the equity in your home
  • Access funds 24/7

1APR=Annual Percentage Rate. Rates effective 12/1/2022 for new Home Equity Lines of Credit (HELOC). Payment example: 120-month term payments at 7.00% APR are $11.61 per $1,000. The variable APR is based on Prime Rate plus a margin, and will vary with Prime Rate. Your APR will not exceed 18% or go below 3.25% at any time during the term of your account. The minimum line amount is $10,000 and the maximum line amount is $100,000. APR may vary based on credit score, Loan to Value (LTV), Credit History and Occupancy Status and will vary for investment, second or vacation homes. Minimum credit advance is $100. Certain property types including Manufactured Homes are not eligible collateral. Ask us for HELOC details and rates for investment properties or smaller or larger line of credit amounts.

2UVACCU may pay closing costs on primary residence lines from $10,000 to $100,000 including up to $750 of the appraisal fee. Applicant is responsible for appraisal fee, title search, and flood certification if HELOC does not close. If the line is closed within two years of opening, applicant is required to repay the closing costs. Average closing costs range from $1,200-$1,500 for $30,000 borrowed. Offer not valid on existing UVACCU Home Equity Lines of Credit. NMLS#302946 (

APR may vary based on credit score, Loan to Value (LTV), and other factors. The term of the HELOC is 25 years: 10-year draw period, 15-year repayment period. Property is required and flood insurance is required where necessary. The variable minimum monthly payment will be interest only or between 1% - 1.5% of outstanding balance depending on applicant credit score with either the minimum payment amount being interest due or the minimum payment of at least $100 during the draw period.

All Home Equity Lines of Credit subject to credit approval. Other restrictions may apply. Membership eligibility required. Minimum ongoing balance of $5 is required in a UVA Community Credit Union Share Savings Account. A one-time $5 membership fee may apply if currently not a UVA Community Credit Union member. See Credit Union for details.

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