Lending Services
Lending Services



A low-rate home equity line of credit

You’ve worked hard for your home. Now it’s time to put your home to work for you. A Union Home Equity Line of Credit gives you the freedom to do the things you’ve always wanted to do. And with rates as low as 4.49% APR*, now is the perfect time to make a move.



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*The lowest APR (Annual Percentage Rate) offered is 4.49%, which is a variable rate, and is subject to change. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of June 15, 2017, the Prime Rate was 4.25%), plus a margin of 0.24% for the life of the loan. Automatic deduction of payment is required from a Union checking account to obtain advertised rate. The maximum APR is 24% or maximum permitted by state law, whichever is less. This Union Bank & Trust Home Equity Line of Credit has a 20-year draw period with a final balloon payment. There is no origination fee charged to open. Other fees may be charged at origination, closing or subsequent to closing, ranging from $0 to $1,000. Offer is subject to credit approval and is based on a minimum equity line amount of $50,000 with a maximum combined loan-to-value of 80%. Applicants must possess a Beacon Score of 720 or greater. Bank must be in a valid first or subordinate lien position on the collateral. Bank will pay all closing costs for non-purchase money subordinate equity lines up to $249,999. First lien equity lines, equity lines of $250,000 or more, and subordinate equity lines used for purchase money will receive a $600 credit toward closing costs. Home Equity Lines of Credit closed within 36 months from the opening date will be charged a prepayment penalty as follows: Lines < $100,000 will be charged 1.00% of the line amount. Lines > $100,000 will be charged 0.50% of the line amount. Property insurance and flood insurance, where applicable, will be required. This offer is limited to primary and secondary, single-family residential real property located in Virginia. Please consult a tax advisor regarding interest deductibility. Certain conditions and restrictions may apply.
**Bank will pay all closing costs for non-purchase money equity lines up to $249,999. Equity lines of $250,000 or more, and subordinate equity lines used for purchase money, will receive a $600 credit toward closing costs.


Union Bank & Trust. Member FDIC. NMLS#551889.


Union Bank & Trust
Mailing Address:
P.O. Box 940
Ruther Glen, VA 22546