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Home Equity Financing

Use an equity loan or line of credit to finance a major purchase or for debt consolidation.  A home equity line of credit provides a variable rate and access to funds when you need them while a home equity loan offers predictable payments to help you finance one-time expenses. See if a home equity line of credit or home equity loan is right for you.

Home Equity Loan

A home equity loan is a great option to finance a large purchase or major home renovation.


  • Receive your funds in a lump sum – beneficial for large projects
  • Choose from several loan terms
  • Make fixed monthly payments of principal and interest
  • Make additional principal payments without penalty
  • Enjoy a set period of time to pay the loan back

Home Equity Line of Credit

A flexible HELOC that fits your needs 

A home equity line of credit is a revolving line of credit secured by the equity in your home. With a HELOC from Bank of Botetourt, you have the flexibility to renovate your home, finance a large expense like a wedding, pay for educational or medical expenses, or pay down high-interest debt. Using the equity in your home, Bank of Botetourt provides the ease of paying for recurring or unexpected expenses now and in the future.

Our low variable rate lines of credit have long terms and interest-only payment options. You can establish a line of credit and draw funds only as needed.

A HELOC Offers:

  • Competitive interest rate
  • Low monthly interest-only payments
  • Multiple ways to access funds
  • Interest may be tax-deductible – consult your tax advisor

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Ready to Get Started?

If you are interested in using the equity in your home, any of our lending specialists can help you determine the best option for your needs.

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Important Info

Routing Number: 051402550

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