Home Equity

Money for home repairs and other big expenses
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All home equity products come with

0.25% rate discounts with automatic payments
Flexibility to use primary or secondary residences as collateral
Closing costs paid by Union**

Compare our home equity options

Home Equity Line of Credit
Home Equity Loan
STAR Home Equity Loan*
Details Flexibility to borrow funds now and in the future Borrow funds at one time for a specific purpose with the stability of fixed rates/terms Borrow funds for various purposes with fixed rates/terms

Only available to eligible clients that reside in a low/moderate income census tract
Line/Loan amounts $10,000 + $10,000 + $2,500 - $9,999
Home Improvement Yes Yes Yes
Debt consolidation Yes Yes Yes

* The STAR Home Equity Loan is available to Virginia residents with property located in certain counties/cities designated as a low or moderate income census tract and/or have income below 80% of the area median income as identified by the U.S. Census Bureau. Additional 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.