Home Equity Loans

The equity in your home can be a great resource if you’re looking for a low-cost loan for major purchases or expenses. We offer you two options to suit your borrowing needs and preferences.

Use a Peoples Advantage Federal Credit Union Home Equity Loan or Home Equity Line of Credit to help you get ahead and get the things you want.

• Consolidate higher-rate debts into one low-rate loan and one payment
• Pay for tuition and education expenses
• Remodel your home or make major repairs
• Buy a car, boat, RV or jet ski
• Or whatever you've been wanting to do

Features that benefit you

• Low closing costs
• Borrow up to 100% of your equity in your home 
• Low rates and affordable payments
• Variable or Fixed Rate Offered
• Possible tax savings since interest may be tax deductible (please ask your tax advisor)

Types of homes that can be used as collateral

• Your primary residence located in Virginia 
• Can be a one- to four-family home, condominium or double-wide manufactured home on a permanent foundation

First Mortgages:

Whether you're buying a new home or refinancing your current one, let us help you with an affordable loan that's right for you. We'll explain your various options, answer your questions, and help make the process as easy as possible for you.

Features that benefit you

• Loan Serviced by Credit Union
• Up to 80% Financing
• Competitive Rates -
• Possible tax savings since interest may be tax deductible (please ask your tax advisor)

Types of homes that can be used as collateral

• Your primary residence located in Virginia 
• Can be a one family home, condominium or double-wide manufactured home on a permanent foundation

Member Options:

Peoples Advantage Federal Credit Union teamed up with Member Options to assist members with a variety of first mortgage needs ranging from VA, FHA, Conventional, to ARM (Adjustable Rate Mortgages).  The helpful staff offer quick mortgage decisions and provide mortgage calculators, click on the link below for more information.