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Holiday Home Equity Line

Holiday Home Equity Line of Credit

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

Your Home Makes Good Things Possible!

Help make the Holidays a little brighter with our low rate Home Equity Line of Credit offer. You'll have cash when you need it with an intro rate of 2.99% APR* for the first 12 months. Current variable rate is as low as 3.25% APR.* We have flexible loan repayment terms, no annual fee, and no closing costs** on credit limits from $30,000 to $200,000! 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:

  • Plan for the holidays
  • Renovate and decorate your home
  • Consolidate debt into lower or more manageable monthly payments
  • Transfer higher-rate debt to a low-rate Home Equity Line of Credit
  • Cover unexpected expenses
  • Pay tuition
  • And more!

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 apply. 

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!


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

*APR=Annual Percentage Rate. Rates effective 11/01/2021 for new Home Equity Lines of Credit (HELOC). Offer valid for a limited time and may change without notice. Introductory APR is “discounted” for the first twelve billing cycles. Our standard fully-indexed APR will commence beginning the thirteenth billing cycle. The APR and minimum payment can change monthly after the introductory promotional period. Payment example: 120-month term payments at 3.25% APR are $2.76 per $1,000. After the Introductory period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the HELOC agreement. 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 $30,000 and the maximum line amount is $200,000. LTV must be 80% or less on primary owner occupied property to be eligible for introductory APR and paid closing cost promotions. 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.

**UVACCU pays closing costs on lines from $30,000 to $200,000 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 and title insurance are required and flood insurance is required where necessary. The variable minimum monthly payment will be 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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