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Take advantage of the equity you have built in your home to take advantage of life’s opportunities, finance major purchase, complete some home improvement or just have access in case of an emergency or unexpected need.


When you need some extra money and don’t want a lot of hassle, VUCU’s Home Equity Line of Credit (HELOC) might be the best option for you.


  • A home equity line of credit (HELOC) is a flexible resource. It’s a line of credit, meaning once you establish the loan, you can use it when and how you want. You can use it and pay it back as many times as you need. And when you don’t use it there is no charge. You only pay interest on the money you’ve borrowed, not the credit limit.

  • Our Members use home equity lines of credit to finance all kinds of things, but typically, they are used to make renovations or repairs to their home or to finance big purchases or help with college expenses.

Subject to credit approval.  Home equity line of credit rates are based on loan-to-value and credit worthiness. The Annual Percentage Rate (APR) will vary based on the prime rate plus applicable margin (as quoted in The Wall Street Journal) on the first day of the month.  As of March 1, 2022, the prime rate was 3.25%.  The closing costs will be waived with a minimum advance at closing of $10,000. (The $10,000 must be new money.)  Depending on the credit limit, closing costs, and other fees are estimated to be between $300 and $500.  All rates and offers are subject to change without notice and cannot be combined with other special promotions.  The HELOC has a 5 year draw period and a 15 year payback period.  Contact us for more details of how the VCU HELOC will meet your needs.