Home Equity Line of Credit

The money you need is under one roof
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When you need your money fast,
Access NOWTM can help.

All Home Equity Lines of Credit come with

Rates as low as 5.25% APR*
Use it any time during a 15-year draw period
No closing costs**

Turn the equity of your home into a low-interest Home Equity Line of Credit (HELOC) that you can use to finance home renovations, college expenses or anything else, including debt consolidation if you have high-interest loans elsewhere.

After investing so much time and money in your home, it's time to take advantage of its equity. When you have unexpected expenses or projects to finance, consider how a HELOC from Atlantic Union Bank can provide the solution, and peace of mind knowing you're prepared for anything life throws your way.

  • Borrow as much or as little as you need
  • Pay interest only on the money you use
  • Interest-only payments available
  • Option to lock in balances with a fixed-rate advance
  • Interest may be tax-deductible (please consult your tax advisor)

Fixed-Rate Advance on a Home Equity Line of Credit

Enjoy the predictability of fixed monthly payments when you lock in all or part of your balance to a fixed rate. Get a fixed-rate advance at closing or any time during your draw period.

  • Protects against rising interest rates
  • Ability to have up to 5 fixed-rate advances at one time
  • Fixed interest rates available for 5, 10, 15 or 20 year terms
  • Fixed-rate processing fee of $75, as allowed by applicable law

When you need your money now: Access NOWTM

If you don’t have time for the waiting game, why not get your money now? Access NOW1 is a new way to put some money in your pocket while you wait for your approved Home Equity Line of Credit to close. If you have an immediate need, the Access NOW loan allows you to borrow against a portion of the approved credit limit and it's paid off when you get your HELOC funds. It’s that simple.

  • No processing fees
  • 90-day term with interest-only monthly payments
  • Balance paid off when your HELOC closes
Apply for a HELOC Now Contact Us

Prime For Life, currently 5.25% APR*

For applications received through September 30, 2019, your new HELOC rate is as low as Prime + 0% APR for the life of the line when you take an advance of at least $15,000 at closing. No matter how many variable-rate draws you take, your rate matches the current prime rate.
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Disclosures:

*The lowest APR (Annual Percentage Rate) offered is 5.25%, 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 9/30/19 and that close by 11/15/19. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of 8/1/2019, the Prime Rate was 5.25%) 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 is not available for existing Atlantic Union Bank 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.