June 03, 2019
Open a New Home Equity Line Of Credit Account Today!
RATES AS LOW AS PRIME +0%
*Customers that take an initial draw of $25,000 or more will receive a $250 credit to their HELOC account after 6 months if balance has not been paid off. Offer good for applications received by 7/31/2019 and closed by 09/01/2019.
**The lowest APR (Annual Percentage Rate) offered is 5.50% as of 5/13/2019. The maximum APR is 21%. Our Home Equity Line of Credit rate is variable and tied to the Wall Street Journal Prime Rate, plus a margin. The rate can change as often as monthly. This Home Equity Line of Credit has a ten-year draw period with interest only payments and a 15-year repayment period. This offer is subject to credit approval and is based on a minimum equity line amount of $25,000 with a maximum combined loan-to-value of 80%. This offer is limited to primary and secondary single-family residential property.
+Virginia National Bank will pay up to $2,000 towards the closing cost of a Home Equity Line of Credit. That allowance typically covers all closing costs for a line amount of approximately $200,000.
To obtain the lowest advertised APR (5.50%), applicants will be qualified based on our internal credit criteria, credit rating and other factors. Property insurance is required. If account is closed or paid off within 36 months of opening, you will pay a reimbursement fee based on the date of the early payoff.
- No Closing Costs+
- No Annual Fee
- Flexible payment options