Home Equity

Money for home repairs and other big expenses
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All home equity products come with

0.25% rate discounts with automatic payments
Flexibility to use primary or secondary residences as collateral
Closing costs paid by Xenith**

Compare our home equity options

Home Equity Line of Credit
Home Equity Loan
STAR Home Equity Loan*
Details Flexibility to borrow funds now and in the future Borrow funds at one time for a specific purpose with the stability of fixed rates/terms Borrow funds for various purposes with fixed rates/terms

Only available to eligible clients that reside in a low/moderate income census tract
Line/Loan amounts VA & MD - $10,000 and greater
NC - $15,000 and greater
$10,000 and greater $2,500 - $9,999
Home improvement Yes Yes Yes
Debt consolidation Yes Yes Yes

*The STAR Home Equity Loan is available to North Carolina, Virginia, and Maryland residents with property located in certain counties/cities designated as a low or moderate income census tract and/or have income below 80% of the area median income as identified by the U.S. Census Bureau. Additional restrictions may apply.

**Bank will pay closing costs, including the first property/collateral valuation obtained by Union, but excluding any subsequent property/collateral valuation not required by us, for non-purchase money equity lines up to $249,999. Equity lines of $250,000 or more, and subordinate equity lines used for purchase money, will receive a $600 credit toward closing costs. 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 Xenith checking account; consult with your branch banker for details.