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Rates > Home Equity Line & Home Equity
Loan Rates |
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Home Equity Line & Home Equity Loan Rates as
of
11/6/2009
Enjoy a low rate on a Home Equity Line of Credit or Home Equity Loan at Virginia Credit Union.
The following rates are available to members with qualifying credit and with approved automatic payments. Your rate may vary based on factors such your
credit
history,
payment
method,
Loan to Value,
and Relationship
Package participation. For more information and
other rate options, call us at (804)
323-6800 or (800) 285-6609. APPLY NOW >
| | Loan Type & Description | Annual Percentage Rate | | Equity Line | | 4.50% (6)
| | Home Equity Loan | 5 year approximate term | 5.75% (7)
| | 10 year approximate term | 6.25% (7)
| | 15 year approximate term | 7.00% (7)
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Property insurance is required. If you close a Home Equity Line or pay off a
Home Equity Loan within 36 months after getting it, you may be required to
reimburse the credit union for closing costs.
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6
APR shown for Home Equity Line of Credit is based on Loan to Value of 70% or less. APR may vary and may be adjusted monthly based on the Prime Rate published in the Wall Street Journal. Minimum APR is 4.50%. Maximum APR is 18.00%. Minimum monthly payment is 1.5% of the unpaid balance or $50, whichever is greater. Paying only the minimum monthly payment may result in a balloon payment due at maturity.
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7
APR shown for Home Equity Loan is based on Loan to Value of 70% or less and includes a .25% APR discount for payments through payroll deduction, approved automatic transfer or automatic draft from checking.
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Please contact us if you have questions or if we can
help you in any way.
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