At 1st Advantage FCU, members can maximize financing potential with competitive rates and great terms on HELOCs. This flexible line of credit gets you access to your equity at a low rate and low monthly payments so you can utilize it how you want while paying it off quickly.

Apply today and get a 2.49% APR* introductory-rate for 6-months with an initial draw of $10,000 at closing, and a 3.25% APR* variable interest rate thereafter. Plus, you don’t pay closing costs!*

Rate Duration of Rate
6-month Introductory Rate
2.49% APR*
 6 Months
As low as
3.25% APR*
 Variable Thereafter

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

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Home Equity Line of Credit Rates FAQ

Q: What factors determine HELOC rates? 

A: Most lenders take the prime rate and add a "margin" onto it to calculate your interest rate. A margin is a markup your lender adds to the index to establish your interest rate.

Q: Are there closing costs on a home equity line of credit? 

A: No! Along with competitively low rates and flexible terms, you pay no closing costs when you get a HELOC from 1st Advantage FCU.  

Q: How does a HELOC work? 

A: Similar to a credit card, home equity lines are revolving credit sources, so you can use the funds how and when you please.

More About the HELOC Loan

*APR = Annual Percentage Rate. Current APR as of 11/1/2021. Rates as low as 2.49% fixed for six months includes +0.00 margin and assumes great credit and loan to value <80%. Minimum floor rate of 2.49% APR and a maximum rate of 18% APR. Initial draw at closing at least $10,000 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.