*The lowest APR (Annual Percentage Rate) offered is 5.50%, 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 between 1/1/19 and 3/31/19 and that close by 5/15/19. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of 2/5/2019, the Prime Rate was 5.50%) 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 a Xenith 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 Xenith Equity Line customers. The maximum APR is 24.00% or the maximum permitted by state law, whichever is less. This Xenith 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 all closing costs 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.