If you’re looking for a great way to turn your to-do list into a checklist, consider a Home Equity Line of Credit (HELOC). A Home Equity Line of Credit allows you to borrow against the equity in your home, offering flexible access to credit. 

You can tackle that home improvement project you’ve been thinking about, meet education expenses, pay down high-interest debt, or do just about anything else! 

Use our Home Equity Line of Credit Payment Calculator to see how a HELOC payment can fit into your budget.  

Learn more about a Home Equity Line of Credit during a complimentary on-demand webinar. Click here to view!

HELOC Special Deals

HELOC web box 9.27.22


Benefits of a 1st Advantage Home Equity Line of Credit

A Home Equity Line of Credit from 1st Advantage gives you access to benefits you can’t get from the big banks. Our rates are lower, we don’t charge you extra fees, and you can count on local service because we’re Virginia-based with branches in your area

Plus, take advantage of our Home Equity Line Of Credit Special: Introductory rate as low as 3.99% APR* for 6 months; as low as 6.25% variable APR* thereafter. No closing costs* and an initial draw of $20,000 is required at closing.



Introductory Rate Offer
Take it easy with an APR as low as 3.99% for your first six months when you make an initial draw of $20,000.


Low Variable APR
After your intro period finishes, our rates start at just 6.25% APR.

No Closing Costs
Save even more, the closing costs are on us!


Use Funds as Needed
Unlike a loan, there's no pressure to use all your funds at once.

 Save on Interest
You won't pay any interest in months when you carry a zero balance.

Cross Off Your To-Do List
Pay for anything from renovations to vacations, and debt consolidation.


Why Choose a Home Equity Line of Credit?

Smarter Way to Borrow

Compared to a credit card or personal loan, rates are usually lower with a Home Equity Line of Credit so you can enjoy a lower monthly payment. 

  • Save money by consolidating your debt and reducing your total interest costs.

  • It's fast and easy to transfer higher rate balances to a Home Equity Line of Credit.

  • Enjoy greater value and simplify your life by making only one monthly payment.

Get Started Now
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Pay for Renovations and More

A Home Equity Line of Credit is a convenient way to fund a major remodel or take care of ongoing projects around your home. 

Plus, when you use your HELOC to "buy, build or substantially improve" your home, the interest on those funds may be tax deductible. 

Besides home improvements, you can use your HELOC for:

  • Education expenses and tuition

  • Weddings, vacations, or a rainy day fund

  • Debt consolidation

  • Car repairs and medical bills  

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Enjoy Refinance Advantages

If you currently have a Home Equity Line of Credit or Loan with another lender, you should consider refinancing your loan with 1st Advantage. 

Refinancing may provide key advantages, including:

  • Reducing your monthly payment

  • Shortening your payoff terms

  • Providing access to borrow additional funds for a new project

  • Saving even more money through our no closing costs* option

Get Started Now
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Home Equity Rates & Terms

Plus, no closing costs!*

Don't wait, apply now!  Call 757-886-3337 or Apply Now

*APR = Annual Percentage Rate. Current APR as of 9/27/2022. Rates as low as 3.99% fixed for six months includes +0.00 margin and assumes great credit and loan to value <80%. Minimum floor rate of 3.99% APR and a maximum rate of 18% APR. Initial draw at closing at least $20,000 required for introduction rate. Rates and terms will vary depending upon loan-to-value, loan amount, loan term, lien position, and credit qualifications. Introductory offer not available for refinances of existing 1st Advantage home equity loan/line of credit. No closing costs, excluding appraisal fee if required, for new loans of $150,000 or less. Not available for home purchase or investment properties. If you close your line of credit within thirty-six (36) months, you will be required to reimburse the Credit Union for closing costs paid on your behalf. Property insurance is required, flood insurance may be required. Certain restrictions apply. Limited time offer.

HELOC Payment Calculator

Interest Only Period Payment: 0
Repayment Period Payment: 0

1st Advantage offers a 10-year Draw Period to members repaying a Home Equity Line of Credit (HELOC) during which the borrower will make interest-only payments. In the subsequent Repayment Period (which begins after the initial 10-year Draw Period), the borrower will begin to pay back the principal on their HELOC, plus interest.



“I've been working with 1st Advantage for several months now to secure some loans and refinance opportunities. I've worked with Erica directly and have been nothing short of ecstatic with the level of professionalism and support I have received from her and her team. Erica is a constant professional but also has an extremely personal touch to her work. I would highly recommend them to both friends and family, or to those looking for best in class service and rates from a financial institution"

  – Bach, in Virginia Beach



“1st Advantage Federal Credit Union in Kiln Creek rocks! They are so friendly and helpful. From the front door person to the loan officers. To the manager to the teller. All were wonderful to me & made my banking experience a very pleasant one. Tisha Queen is a wonderful customer service professional. She worked with me & for me in helping to refinance a loan & pay off high interest credit cards.”

   – Dave, in York Town


Ready to Get Funds From Your Home Equity Line of Credit?