Do you have a new family member who likes to chew the furniture? With new pets or any life changes unexpected costs tend to pop up when you're least prepared for them.

We got you covered with the 'Life Happens' Home Equity Loan.

For a limited time, not only do we have introductory Home Equity rates starting at 3.14% APR,* we'll pay your closing costs up to $1,000**. 

You can use the equity in your home to...

  • Consolidate Bills
  • Home Improvements
  • Pay for Education
  • Buy a new car

(Did we mention home improvements?)

Visit a branch today and find out more about this great offer. You can use more of your money to pay for whatever doozy life might throw at you.

*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 of 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 in the Wall Street Journal, ten days before the end of the prior month (called the “Index”). As of January 1 2018 the variable rates for home equity lines of credit are 4.25%-10.50% 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. 15 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. Setup fees range between $0 and $10,000, of which Beacon will cover the first $1000. Early Payoff (within 36 months) may require remittance of any closing costs Beacon paid on your behalf. 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 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. If you pay off your Beacon Home Equity Line of Credit within 36 months from the date of loan origination, you may be required to remit any closing costs Beacon paid on your behalf. Property insurance and flood insurance where applicable, may be required.

Online Banking