Home Loans

The equity in your home can be a great resource if you are looking for a low-cost for major purchases or expenses with tax benefits. VECU offers multiple home loan options to suit your borrowing needs and preferences.

Fixed Home Equity Loans

A Fixed Home Equity Loan may be right for you if you have a home improvement or debt consolidation need. This option allows you to borrow against the value of your home at a fixed-rate and receive your total loan proceeds disbursed in full when the loan closes. Contact Us for more information about how a Fixed Home Equity Loan could help to meet your financial needs or click here to apply.

Home Equity Lines of Credit (HELOC)

A Home Equity Line of Credit may be right for you if you have a recurring or possible future expense such as a home renovation or education expenses. This option allows you to borrow against the value of your home at a variable rate and choose when you use the proceeds from your loan. You may draw on the line of credit as needs arise and you only pay interest on the loan when the line of credit is used. The draw period is five years. Contact Us to find our how a Home Equity Line of Credit could benefit you or click here to apply.

What You’ll need to Apply for a Home Equity Loan:

  • A copy of the deed or deed of trust including legal description
  • Proof of Income
  • Current city or county tax assessment statement
  • If self-employed, last two years of signed federal tax returns
  • Homeowner’s insurance company and agent information
  • Flood insurance (if applicable)
  • Your most recent mortgage balance statement(s) (if applicable)

To apply for additional mortgage and home loan services, please click here

Please feel free to Contact Us for help finding the VECU Home Loan that will best meet your needs or click here to find out how you can apply today!

Virginia Educators Credit Union