*The lowest APR (Annual Percentage Rate) offered is 4.75%, which is a variable rate and subject to change, is available with a minimum initial advance of $15,000 taken at closing under the variable-rate option, and is valid for applications received by 12/31/19 and that close by 2/29/20. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of 10/31/2019, the Prime Rate was 4.75%) plus a margin of 0.00% for the life of the loan. Offer is not available for advances taken under the fixed-rate option. To obtain the advertised rate, applicants must possess a Beacon Score of 720 or greater, and automatic deduction of monthly payments is required from an Atlantic Union Bank checking account. Offer is subject to credit approval and is based on a minimum equity line amount of $50,000 with a maximum combined loan-to-value of 80%. Offer may not be available for existing Atlantic Union Equity Line customers. The maximum APR is 24.00% or the maximum permitted by state law, whichever is less. This Atlantic Union Bank Home Equity Line of Credit has a 15-year draw period with a 15-year repayment period. There is no origination fee charged to open. Other fees may be charged at origination, at closing or subsequent to closing, ranging from $150 to $2,000. Bank must be in a valid first or subordinate lien position on the collateral. Property insurance and flood insurance, where applicable, will be required. This offer is limited to primary and secondary single-family residential real property located in Virginia, Maryland and North Carolina. Please consult with a tax advisor regarding interest deductibility. Certain conditions and restrictions may apply. Offer is subject to change without notice.
**Bank will pay closing costs for non-purchase money credit lines up to $249,999; credit lines of $250,000 or more and purchase-money credit lines will receive a $600 credit toward 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 exclude 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 closing 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 Bank checking account; consult with your branch banker for details.
1Access NOW is an unsecured, short-term loan that is available for eligible customers that have been credit approved for a HELOC application. The maximum loan amount is equal to 50% of the approved HELOC line amount or $50,000, whichever is lower. Subject to standard credit criteria.