Home Equity Line of Credit

The money you need is under one roof
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HELOC rates as low as Prime for Life,
currently 5.25% APR.*

Rates as low as 5.25% APR*
Use it any time during a 15-year draw period
No closing costs**

Turn the equity of your home into a low-interest Home Equity Line of Credit (HELOC) that you can use to finance home renovations, college expenses or anything else, including debt consolidation if you have high-interest loans elsewhere.

After investing so much time and money in your home, it's time to take advantage of its equity. When you have unexpected expenses or projects to finance, consider how a HELOC from Xenith can provide the solution, and peace of mind knowing you're prepared for anything life throws your way.

  • Borrow as much or as little as you need
  • Pay interest only on the money you use
  • Interest-only payments available
  • Option to lock in balances with a fixed-rate advance
  • Interest may be tax-deductible (please consult your tax advisor)
  • To apply, visit a branch or contact us

Fixed-Rate Advance on a Home Equity Line of Credit

Enjoy the predictability of fixed monthly payments when you lock in all or part of your balance to a fixed rate. Get a fixed-rate advance at closing or any time during your draw period.

  • Protects against rising interest rates
  • Ability to have up to 5 fixed-rate advances at one time
  • Fixed interest rates available for 5, 10, 15 or 20 year terms
  • Fixed-rate processing fee of $75, as allowed by applicable law

Prime For Life, currently 5.25% APR*

For applications received through December 31, 2018, your new HELOC rate is as low as Prime + 0% APR for the life of the line. No matter how many variable-rate draws you take, your rate matches the current prime rate.
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*The lowest APR (Annual Percentage Rate) offered is 5.25%, which is a variable rate and subject to change, is available for applications received between 10/1/18 and 12/31/18 and that close by 2/28/18. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of November 14, 2018, the Prime Rate was 5.25%), 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 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, 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 a tax advisor regarding interest deductibility. Certain conditions and restrictions may apply.

**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.