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Home Equity Rates

Rates, terms and conditions are subject to change without notice. Effective as of March 28, 2023.

Loan Type and Description Line Amount Term Example Payment APR2 as low as
HELOC Flex Subject to collateral value and balance of outstanding loans and lines 10 year draw period with
a 20 year repayment thereafter
Interest only payment of as low as $6.58 per $1,000 7.75%1



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  Home Equity Line of Credit Flex

1Virginia properties only. APR=Annual Percentage Rate. Rates effective 3/01/2023 for new Home Equity Lines of Credit Flex (HELOC Flex). The variable APR is based on Prime Rate plus a margin, and will vary with Prime Rate. Certain property types are not eligible collateral. Ask us for details and rates for investment properties or smaller or larger line of credit amounts.

2Not all applicants will qualify for the lowest rate. APR may vary based on credit score, Loan to Value (LTV), Credit History and occupancy status. Property insurance is required and flood insurance is required where necessary. The minimum periodic payment is interest-only for the first ten years (“draw period”) followed by fully-amortizing payments to repay the balance over the final twenty years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest. The rate is calculated using an index plus a margin. The index used is the Prime Rate as published in The Wall Street Journal Eastern Edition on the last business day of the month prior to the change. Minimum interest rate is 3.25%. Maximum interest rate is 18%.

Subject to credit approval. Interest rates and terms are subject to change without notice. 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. NMLS#302946 (

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