Home Equity Rates & Terms
|6 Month Introductory Rate
| 6 Months
| 6.25% APR*
|| Variable thereafter
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.
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?