Home Equity Loans
Put your house to work by using it to secure financing for other big ticket items like home renovations, debt consolidation, or a tropical vacation. If your home has increased in value or you've paid off a significant amount of your mortgage, you could get a sizable amount of money to put towards making your plans a reality. We offer loans and lines of credit to use as you need them. Let DVA FCU help you achieve your goals.
- Summary
- Based on home's value
- Competitive rates
- Low closing costs
- Convenient terms
- Lines of credit available
- Interest may be tax deductible*
- Local underwriting
- Quick decisions
- Easy to apply
Please call 1-800-472-9421 or visit our Home Loan Center for more information.
*Consult your tax advisor.
- Home Equity Lines of Credit
Tap into your home's equity with a revolving line of credit. It's just like a home equity loan, except you can access your available funds as you need them. Spend it all at once or here and there. Pay it off and use it again!
- Use it as you need it
- Easy access to funds
- Interest charged on only what you use
- Interest may be tax deductible*
- Pay it off and use it again
Consult your tax advisor.
- 5/5/Flex Loan
You don't have to get a higher interest rate to bring your payments down! With the 5/5/Flex program, you get the same low rate regardless of the term, so your monthly payment is flexible.
A 5/5/Flex loan is a closed-ended adjustable rate home equity loan. The interest rate is fixed for the first 5 years and then adjusts every 5 years thereafter until the end of the term. Each loan term has the same interest rate, so you're in control of your minimum monthly payment amount! As with all of our real estate loans, there is no pre-payment penalty.
