Home Equity

Money for home repairs and other big expenses

All home equity products come with

Compare our home equity options

 
Home Equity Line of Credit
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Home Equity Loan
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STAR Home Equity Loan*
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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
Interest rates Variable & Fixed Fixed Fixed
Rates discounts 0.25% when your monthly payment is automatically deducted from a Atlantic Union Bank deposit account 0.25% when your monthly payment is automatically deducted from a Atlantic Union Bank deposit account 0.25% when your monthly payment is automatically deducted from a Atlantic Union Bank deposit account
Quick access to money with Access NOWTM checkmark dash dash
Line/Loan amounts VA & MD - $10,000 and greater
NC - $15,000 and greater
$10,000 and greater $2,500 - $9,999
Home improvement checkmark checkmark checkmark
Debt consolidation checkmark checkmark checkmark
Education checkmark checkmark checkmark
Major Expense checkmark checkmark checkmark
On-going access to funds checkmark dash dash
Monthly Payment Options Variable or fixed monthly payments Fixed monthly payments Fixed monthly payments
Closing Costs Bank pays ** Bank pays Bank pays
Annual Fee $50**
Can be waived with a qualified Atlantic Union Bank checking account
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Terms 15-year draw period, 15-year repayment period Up to 240 months 120 months
Collateral Primary or secondary residential property Primary or secondary residential property Primary or secondary residential property

DISCLOSURES:

*The STAR Home Equity Loan is available to North Carolina, Virginia, and Maryland 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 closing costs for non-purchase money credit lines up to $400,000; credit lines of more than $400,000 and purchase-money credit lines will receive a $600 credit towards closing costs, or the full amount of closing costs, whichever is less. Closing costs include the first property valuation obtained by Atlantic Union Bank, but excluding any subsequent valuations not required by us. However, if your account is closed within three (3) years of the opening date, we will add any closings costs we advanced on your behalf to your outstanding balance for our reimbursement. Total closing costs generally range from $150 to $2,000. There is a $50 annual fee, if and as allowed by applicable law, which is waived the first year. Your annual fee may be waived with a qualified Atlantic Union checking account; consult with your branch banker for details.

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