The Secret Ingredient To Your Best Home Improvement Upgrades. 

Now's the time to take advantage of the equity in your home with a revolving line of credit that will help finance your projects. For a limited time, open a Home Equity Line of Credit with Beacon and for the first twelve months, you'll benefit from rates as low as 3.19% APR*. 

With a home equity line of credit, the amount you borrow is based off of a percentage of the value of your home. You can use the credit line just like a credit card. Purchase what you need and pay it off over time with a minimum payment due each month.

You'll begin marking things off your to-do list in no time and your interest rate, even after the 12 month introductory offer, will be lower than most credit cards.

As an added bonus... We'll pay your Closing Costs up to $500.**

Call us at 434.237.1566 or visit a branch today to get your application started.

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*Annual Percentage Rate. All offers subject to credit qualification. To receive the discounted introductory rate the client must take an initial draw at closing from the new line of credit greater than or equal to $25,000. Initial balances of greater than or equal to $25,000 as well as any other outstanding balances on your new line of credit during the first 12 months after loan closing date will be calculated at the introductory variable rate. After 12 months, the variable rate will be the Prime rate, plus or minus a margin. Margin will be determined by a number of factors including, but not limited to, your credit score. Prime Rate as published by Wall Street Journal, ten days before the end of the prior month (called the “Index”). As of March 16th, 2020 the variable rates for home equity lines of credit are 3.25%-10.75% APR. The maximum APR that can apply during the term of the Line of Credit is 24% or the max permitted by state law, whichever is less. 10 year draw period and 15 year repayment period. Offer only available on properties in Virginia and North Carolina.

This offer is limited to owner-occupied, single-family dwellings and is not valid for rental properties, cooperatives, mobile homes or residential lots. There is no origination fee charged to open a Beacon Home Equity Line, however a minimum share account balance of $25 is required for membership. Closing costs range between $0 and $10,000, of which Beacon will cover the first $500 (see closing cost promo details below). Property insurance and flood insurance, where applicable, may be required. All credit union programs may change or end at any time.

**Closing fees that will be covered, up to $500, by Beacon are appraisal fees, title work, flood determination fees, notary fees, deed recording costs, lenders title insurance and attorney’s fees. Any additional fees required will be the responsibility of the member at closing. Early payoff and closure of credit line (within 36 months) may require remittance of any closing costs Beacon paid on your behalf.