Home Equity Loans

Home Equity shutterstock_56785264.jpg

Your home has been giving you a roof over your head for years — but maybe you didn’t know that it could give you even more. All of those timely mortgage payments have created equity in your home. Use that equity to finance a wide range of needs!

Pay for your child’s college tuition, fund a personal project, or consolidate your debt — at competitive rates and repayment terms that match your budget.

Summary
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Local decision-making and processing right here in southwest Virginia
  • Attentive, friendly service from start to finish
Home Equity Line of Credit (HELOC)

Similar to the loan version, a home equity line of credit (HELOC) puts your mortgage payments to work. But with a line of credit, you never have to reapply! Finance whatever you need with funds that are easily available to you.

As always, our lenders are local Virginians just like yourself who will work to get you the best rate with the most flexible terms. 

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via a draw request or customers may write a check to make a draw on the account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing right here in southwest Virginia
  • Attentive, friendly service from start to finish

NMLS #245607

*Consult a tax advisor.