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Home Equity Line of Credit Flex

Family doing stretches Couple Doing Renovations


Benefits of HELOC Flex


Use the Equity You've Built

No closing cost on credit lines from $10,000 to $100,0003

Use the Equity You've Built

Annual Fees

Use the Equity You've Built

Lock in your rate and term on part or all of your balance4



With a HELOC Flex, use your primary home's equity to open a line of credit typically with lower rates and more flexibility than other loan types. Use only what you need, when you need it.


  • Variable interest rate as low as 8.25% APR1,2
  • Interest-only payments for the first 10 years, followed by 20-year repayment period2
  • No annual fee
  • No prepayment penalty3
  • Flexibility to lock in a fixed rate on all or a portion of your existing balance4



How can you use the HELOC Flex?


Renovate your home.

Consolidate higher-rate debt or expenses.

Pay tuition or consolidate higher-rate student loans.

Cover unexpected expenses such as medical bills or vehicle/home repairs.



Fixed-Rate Lock Option

Lock in a fixed-rate and consistent monthly payment on some or all of your HELOC Flex with no fee!


Benefits of locking all or a portion of your HELOC Flex balance:


  • Protect yourself against rising interest rates! 
  • Choose monthly payments that fit your budget
  • Lock in any amount of $5,000 and up
  • Flexible terms of 5, 10, 15, and 20 years
  • 6 locks available over the life of the HELOC Flex, up to 3 at a time!
  • No fees to convert to a fixed-rate loan



Accessing Your Funds

You can easily access your HELOC Flex line of credit with checks, online banking, Call24, by calling our Member Service Center, or visiting a branch office. HELOC Flex is designed to fit your busy schedule and be available when you need it.


Apply Now







Not a Member?

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


1Virginia properties only. APR=Annual Percentage Rate. Rates effective 06/01/2023 for new Home Equity Lines of Credit Flex (HELOC Flex). Payment example: 120-month term payments at 8.25% APR are $12.27 per $1,000. Interest Only payments at $7.01 APR per $1000. 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 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. The current prime index is 8.25%. Minimum interest rate is 3.25%. Maximum interest rate is 18%.

3UVACCU may pay customary closing costs including Automated Valuation Model (AVM) & Property Condition Report to determine property value and condition, lender’s title insurance, courier fee, recordation, flood certification, credit report, and/or tax service on Primary Residence lines from $10,000 to $100,000. Closing costs do not include extraordinary items, including but not limited to the following: residential real estate appraisals (for selected properties), additional title searches, reviews and insurance for the same loan transaction, trust document reviews, grant deeds and any associated notary or recording fees, missed appraisal appointments or ‘trip charges’ and any fees to close another account as the result of this Account. This offer does not include escrow or additional notary and recording fees that may result from changes in title, vesting or notary appointments. Applicant is responsible for appraisal/AVM/Property Condition Report 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 (

4You have the option to lock in a portion or all of your existing equity balance into a fixed rate and term of 5, 10, 15 or 20 years (Lock) up to the available credit limit established at initial HELOC closing. Rates may vary, are determined based on qualification pricing at the time the HELOC is established and are subject to change. You may have up to three Locks on either all or a portion of your balance at a time with a maximum of six Locks over the HELOC term. Your Lock balance will reduce the amount of available credit for future draws on your equity line. Any future draws will be at the variable rate and payment in effect on your loan at the time of the draw. You will receive a single statement for the equity line and any Locks. The maximum term available for a fixed rate option is 20 years.

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.

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