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Be You with a Home Equity Line of Credit

Home Equity Line

Family Playing Inside
Use the Equity You've Built
No Closing Costs
Free Online Banking

Your Home Makes Good Things Possible!

You'll have cash when you need it with intro rates as low as 2.99% APR* for the first 12 months. Current variable rate is 3.25% APR.* We have flexible loan repayment terms and no closing costs** on loans $30,000 or higher. Let your home's equity work for you! 

What Can I Do With a Home Equity Line of Credit?

A Home Equity Line of Credit gives you the freedom and flexibility to put your plans into action. Some popular uses include:

  • Consolidate debt into lower or more manageable monthly payments
  • Transfer higher rate debt to a low-rate HELOC
  • Renovate or decorate your home
  • Cover unexpected expenses
  • Pay tuition
  • And more!

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. 

  • Intro rate as low as 2.99% APR*
  • Current variable rate is 3.25% APR*
  • Borrow up to 80% of the equity in your home
  • Access funds 24/7

All loans 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 not currently a UVA Community Credit Union member.

 *APR = Annual Percentage Rate. Offer valid for a limited time. As of 11/02/2020 PRIME is 3.25% APR. These rates may vary and are indexed to the Prime Rate as published in the Money Rates section of The Wall Street Journal. Payment example: 120-month term payments at 3.25% APR are $2.76 per $1,000. Maximum APR is 18% APR. The variable APR and minimum payment can change monthly and will increase after the promotional period. Maximum loan amount is $200,000 and loan to value must be 80% or less. Not all applicants will qualify for this rate. Insurance on home used as collateral is required. Primary residence only, excluding manufactured homes.

**No closing costs for new home equity loans and lines $30,000 and more. If the line is closed within two years of inception date, borrower is required to repay 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. Offer may be discontinued at any time without notice. NMLS#302946 (

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