Home Equity Financing

See options for home equity loans and lines of credit.

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. 

Contact a Lender
Options You Deserve
Home Equity Loan

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

Features

  • 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
  • Receive your funds in a lump sum – beneficial for large projects
Home Equity Line of Credit

A HELOC from Bank of Botetourt is a flexible, revolving line of credit secured by your home’s equity. Use it for home renovations, large expenses, education, or debt consolidation. With a low variable rate, long terms, and interest-only payment options, you can access funds as needed, now and in the future.

A HELOC Offers:

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