Virginia Home Equity Loan & HELOC Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Virginia home equity loan and HELOC rates range from 4.75% to 8.00%, verified by MonitorBankRates as of October 13, 2026. Current home equity loan rates in Virginia include FRONT ROYALFRONT ROYAL113 South St, Front Royal, VA, 22630 2221A+5.0 ★Texas Ratio: 0.20% offering Home Equity Financing 80% of appraisal minus balance on first trust at 4.75%, Democracy Federal Credit UnionDemocracy Federal Credit Union400 N Columbus St, Alexandria, VA, 22314A-4.6 ★Texas Ratio: 9.01% offering Home Equity 7 years at 5.00%, Merck Employees Federal Credit UnionMerck Employees Federal Credit Union2778 S EAST SIDE HWY, ELKTON, VA, 22827 3628A+5.0 ★Texas Ratio: 0.26% offering Fixed Rate 2nd Mortgage at 5.00%, Call Federal Credit UnionCall Federal Credit Union10712 Iron Bridge Rd, Chester, VA, 23112 3457A+5.0 ★Texas Ratio: 2.74% offering Home Equity Loans - 7 Years at 5.25%, and Healthcare Systems Federal Credit UnionHealthcare Systems Federal Credit Union3300 Gallows Rd, Alexandria, VA, 20110A+5.0 ★Texas Ratio: 2.21% offering Home Equity Line of Credit (HELOC) at 5.25%. Home equity and HELOC rates as of October 13, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated, we recommend checking back frequently.
Rates reflect actual verified offers from lenders actively serving Virginia borrowers. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: October 13, 2026
Compare Home Equity & HELOC Rates Today in Virginia
Virginia Home Equity Loan Rates
No additional details available.
Maximum Loan Amount: $250,000; Maximum LTV: 85%; Monthly Payment per $1,000: $14.13
$10,000 - $400,000
$10,000 - $400,000
Published APR range: 5.250% - 9.250%. As Low As; Best rate assumes top-tier credit and 75% or less combined loan-to-value; Rates Effective Date: October 1, 2026
As Low As; Maximum Loan Amount: $250,000; Maximum Combined LTV: 80%
As Low As; Rate/APR as low as
Term: 10 years (120 months); $10,000 - $400,000
Published APR range: 5.69% - 7.19%. Amount: NADA Trade-In
As low as; *
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20265.74%▲ from 5.24%
- Sep 16, 20265.24%first recorded
No application fee. No appraisal fee, based on closing. No closing costs.
No additional details available.
Published APR range: 5.75% - 9.75%. LTV: 80%
Published APR range: 5.75% - 10.00%.
Published APR range: 5.90%-7.45%. Amount: Up to 90% of appraised value
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20265.99%▲ from 5.49%
- Sep 16, 20265.49%first recorded
As Low As; 60 month fixed rate. Offer available for a limited time. Up to 80% Loan to Value.
As Low As; Rate/APR as low as
As Low As; Rate/APR as low as; Home Equity Loans
Published APR range: 6.00% to 10.75%. The APR received will be within the range disclosed above. The rate will be based on each member's creditworthiness, term of the loan, and value of collateral offered compared to amount of loan. Please ask for the rate that you may qualify for. Minimum loan amount for HELOC and Home Equity is $10,000.
No additional details available.
As Low As; Loan amount $10,000 up to $100,000
Maximum Amount: $10,000 - $250,000
Rates effective as of 09/22/2026
Home Equity Loan
As Low As; Max LTV 80%; Minimum loan amount of $40,000 required for term over 120 months; APR variable based on highest domestic prime rate published in the Wall Street Journal; Maximum possible APR 24%; Minimum possible APR 3.25%
Published APR range: 6.24%-7.78%. Amount: Up to 90% of appraised value
No application fee. No appraisal fee, based on closing. No closing costs.
Published APR range: 6.25% - 10.25%. LTV: 80%
Published APR range: 6.250% - 11.125%. As Low As; Best rate assumes top-tier credit and 75% or less combined loan-to-value; Rates Effective Date: October 1, 2026
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20266.34%▲ from 5.84%
- Sep 16, 20265.84%first recorded
Published APR range: 6.34%-7.78%. Amount: Up to 90% of appraised value
CLTV: 80% or less
Published APR range: 6.39%-8.37%. Amount: Up to 90% of appraised value
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20266.49%▲ from 5.99%
- Sep 16, 20265.99%first recorded
As Low As; Assumes great credit, loan in first lien position and <80% loan to value; second lien over 80% LTV adds 1% to rate; no closing costs for new loans of $250,000 or less
As Low As; Apply online; Rates current as of October 1, 2026
Published APR range: 6.49% - 7.49%. Actual rate will vary depending on applicant's credit ratings and length of loan term.
As Low As; 120 month fixed rate. Offer available for a limited time. Up to 90% Loan to Value.
As Low As; Maximum Loan Amount: $250,000; Maximum Combined LTV: 80%
Fixed rate terms up to 90% LTV
As Low As; Rate/APR as low as; Home Equity Loans
Published APR range: 6.50% - 11.250%. As Low As; Best rate assumes top-tier credit and 75% or less combined loan-to-value; Rates Effective Date: October 1, 2026
Additional APR listed for this product: 6.75%. As Low As; Mortgage is with DCCU
As Low As; Rate type: Fixed
Loan Amounts: Minimum: $400,001 Maximum: $500,000; Loan to Value (LTV): Up to 80%
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20266.64%▲ from 6.14%
- Sep 16, 20266.14%first recorded
Published APR range: 6.64%-8.89%. Amount: Up to 90% of appraised value
Published APR range: 6.67% - 7.42%.
No additional details available.
Published APR range: 6.69% - 8.19%. Amount: NADA Trade-In
As Low As; Assumes great credit, loan in first lien position and <80% loan to value; second lien over 80% LTV adds 1% to rate; no closing costs for new loans of $250,000 or less
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20266.74%▲ from 6.24%
- Sep 16, 20266.24%first recorded
CLTV: 80% or less
As Low As; Assumes great credit, loan in first lien position and <80% loan to value; second lien over 80% LTV adds 1% to rate; no closing costs for new loans of $250,000 or less
Minimum amount $25,000
- Oct 4, 20266.74%▲ from 6.49%
- Sep 12, 20266.49%first recorded
As Low As; Apply online; Rates current as of October 1, 2026
Published APR range: 6.74% - 7.74%. Actual rate will vary depending on applicant's credit ratings and length of loan term.
Published APR range: 6.74% - 7.24%. Maximum loan amount is $25,000 or less when LTV exceeds 80%; actual rate will vary depending on applicant's credit ratings and length of loan term
- Sep 18, 20266.74%▲ from 6.49%
- Sep 14, 20266.49%first recorded
Virginia HELOC Rates
As Low As; Variable APR; Maximum Loan Amount: $250,000; Maximum Combined LTV: 80%
Loan Amount: $10,000.00 - $350,000.00
- Oct 2, 20265.49%▲ from 5.24%
- Sep 29, 20265.24%first recorded
Term: Two years to draw funds, plus five years to pay it back.; As Low As; APR is fixed based on approved credit with LTV of 80% to 100%; Maximum APR will not exceed 18.00%; Closing costs apply if closed within first two years; Membership and homeowners insurance required
Loan Amount: $10,000.00 - $350,000.00; As Low As
Rate: Prime
Term: Two years to draw funds, plus 10 years to pay it back.; As Low As; APR is fixed based on approved credit with LTV of 80% to 100%; Maximum APR will not exceed 18.00%; Closing costs apply if closed within first two years; Membership and homeowners insurance required
Introductory annual percentage rate ("APR") as low as 5.24% for the first year. Thereafter the APR varies, with a maximum APR of 18%. As of 10/01/2026, this variable Hybrid Home Equity Line of Credit APR would have been 6.24% APR for 70% LTV. Intro rate of 5.24% is for well-qualified borrowers at a maximum loan to value ratio ("LTV") of 70%. New loans only. Additional introductory rates and variable rate may be available for higher LTVs. Contact the credit union for details. Consult your tax advisor regarding deductibility of interest. Benefits of a loan for debt consolidation depend on individual circumstances. Speak with a representative on whether it is the right fit for you. Please contact credit union for additional information regarding Hybrid rate locks. Loan approval and APR based on creditworthiness, payment method, length of loan term, ability to repay, and amount of loan, in addition to other conditions listed in the account agreement. Rates, terms and conditions are subject to change or expire without notice. Home Equity products are available in FL, Illinois, Kansas and Missouri only*. For states with a mortgage tax, the cost of the mortgage tax will be paid by the member and may be paid in cash or taken from the proceeds of the HELOC. *FL and Illinois properties - maximum LTV 90%/maximum loan amount $250,000. Loan to Value = LTV. Home value may be based on full appraisal at the member's expense. Property must be a single family home and owner occupied. Property insurance will be required.
- Oct 2, 20266.24%▲ from 5.24%
- Sep 29, 20265.24%first recorded
Intro/promo APR: 4.99%; Intro rate expires: 6 months; Regular APR: 6.25% to 8.75% based on current index value. Minimum interest rate floor is 4.00% and maximum APR is 18.00%. $100 HELOC maintenance fee will be assessed annually. Advances may be obtained for 10 years. During this period, minimum monthly payment will be equal to accrued interest and finance charges. Minimum monthly payments will not reduce the outstanding principal balance and will result in a balloon payment. At maturity, you will be required to pay the entire balance in a single payment. On new loans or renewals after 18 months, lender will pay up to $1,000 of closing costs if you obtain an initial advance of at least $10,000 within 30 days of closing and maintain an outstanding balance of at least $10,000 or for a minimum of 365 days from the date of closing. If these conditions are not met, lender will charge or debit the HELOC for the amount of closing costs paid by lender. Subject to credit approval and
- Oct 7, 20266.25%▲ from 4.99%
- Sep 29, 20264.99%first recorded
Term: 25 Year Draw, 15 Year Assumed Term; Published APR range: 6.50% to 18.00%. APR is based on the prime rate plus a margin and is subject to change monthly. Minimum loan amount for HELOC and Home Equity is $10,000. HELOC has draw period of 25 years, payment is based on 15 year assumed term.
- Sep 18, 20266.50%▲ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As; Owner Occupied up to 80% LTV; minimum loan amount $10,000, maximum loan amount $350,000; minimum monthly payment 1.0% of principal balance or $100.00 whichever is greater
- Oct 2, 20266.50%▲ from 6.25%
- Sep 16, 20266.25%first recorded
Credit Line: $10,000 to $49,999; Prime Rate minus 0.50%
As Low As; Up to 80% LTV; Estimated Payment:
- Sep 18, 20266.50%▲ from 6.25%
- Sep 14, 20266.25%first recorded
Term: 12 years (2-year draw); CLTV: 80% or less
Introductory annual percentage rate ("APR") as low as 5.74% for the first year. Thereafter the APR varies, with a maximum APR of 18%. As of 10/01/2026, this variable Hybrid Home Equity Line of Credit APR would have been 6.74% APR for 80% LTV. Intro rate of 5.74% is for well-qualified borrowers at a maximum loan to value ratio ("LTV") of 80%. New loans only. Additional introductory rates and variable rate may be available for higher LTVs. Contact the credit union for details. Consult your tax advisor regarding deductibility of interest. Benefits of a loan for debt consolidation depend on individual circumstances. Speak with a representative on whether it is the right fit for you. Please contact credit union for additional information regarding Hybrid rate locks. Loan approval and APR based on creditworthiness, payment method, length of loan term, ability to repay, and amount of loan, in addition to other conditions listed in the account agreement. Rates, terms and conditions are subject to change or expire without notice. Home Equity products are available in FL, Illinois, Kansas and Missouri only*. For states with a mortgage tax, the cost of the mortgage tax will be paid by the member and may be paid in cash or taken from the proceeds of the HELOC. *FL and Illinois properties - maximum LTV 90%/maximum loan amount $250,000. Loan to Value = LTV. Home value may be based on full appraisal at the member's expense. Property must be a single family home and owner occupied. Property insurance will be required.
- Oct 2, 20266.74%▲ from 5.74%
- Sep 29, 20265.74%first recorded
Rate: Prime + 0%
Rate: Prime + 0%
As Low As
- Sep 18, 20266.75%▲ from 6.00%
- Sep 14, 20266.00%first recorded
As Low As; Combined Loan-to-Value: Up to 79.99% CLTV; Loan Amount: $10,000 to $250,000
Credit Line: $50,000 to $149,999; Prime Rate minus 0.25%
- Oct 2, 20266.75%▲ from 6.50%
- Sep 16, 20266.50%first recorded
Home Equity Loan
As Low As; Rate type: Variable; Minimum loan or line of credit amount is $10,000
Published APR range: 7.00% to 18.00%. Loan to Value 85% or less; Effective October 1, 2026
- Oct 12, 20266.75%▼ from 7.00%
- Sep 25, 20267.00%▲ from 6.75%
- Sep 12, 20266.75%first recorded
As Low As; Loan To Value (LTV): 80%; Rates effective October 1, 2026
- Oct 2, 20266.75%▲ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Up to 80% LTV; Estimated Payment:
- Sep 18, 20266.75%▲ from 6.50%
- Sep 14, 20266.50%first recorded
Published APR range: 6.75% - 8.425%. As Low As; Variable; Rates Effective Date: October 1, 2026; Maximum rate 18%; Interest-only payments during 10-year draw period; .50% discount for auto transfer from a Call Federal checking account; Property must be member's primary residence in Virginia
Published APR range: 6.75% - 8.425%. As Low As; Variable; Assumes excellent credit, 80% or less combined loan-to-value, and 0.50% auto transfer discount from a Call Federal checking account; Rate subject to change quarterly based on WSJ Prime Rate; Maximum rate 15%; Rate Effective Date: October 1, 2026
As Low As; Up to 80% CLTV
Published APR range: 6.75% - 11.75%. Loan To Value: Up to 90%; Owner-occupied property only; Variable rate based on prime plus margin, subject to change quarterly; Maximum APR 18.00%; Minimum APR floor 4.00%; Credit Union pays all closing costs except appraisal fee
Rate as low as; Est. Monthly Payment (per $10,000 financed): $100.00
- Sep 22, 20266.75%▲ from 6.50%
- Sep 18, 20266.50%first recorded
Loan Amount: $10,000.00 - $250,000.00
- Oct 2, 20266.99%▲ from 6.74%
- Sep 29, 20266.74%first recorded
Published APR range: 7.00% - 9.50%.
- Sep 18, 20267.00%▲ from 6.75%
- Sep 15, 20266.75%first recorded
The Wall Street Journal prime rate. For primary homes. Closing Costs Waived for accounts kept open for 36 months. Applies to primary residence only. Certain restrictions apply. Offer effective 12/11/2025. Credit score greater or equal to 680. Loan to value [LTV] no greater than 85%. Maximum APR 24%, Minimum APR 4%. Prime may change at any time. Lines of credit from $10,000 to $500,000.
As Low As 7.00%
- Sep 27, 20267.00%▲ from 6.75%
- Sep 18, 20266.75%first recorded
As Low As; Combined Loan-to-Value: 80.00% - 89.99% CLTV; Loan Amount: $10,000 to $250,000
- Sep 25, 20267.00%▲ from 6.75%
- Sep 16, 20266.75%first recorded
As Low As
- Oct 1, 20267.00%▲ from 6.75%
- Sep 30, 20266.75%first recorded
Minimum initial draw $100,000; Owner-occupied primary residence only; Higher rates apply for CLTV greater than 80%
- Oct 2, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
Intro APR: 6.25% for first 3 months; Index: WSJ Prime (currently 7.00% as of October 12, 2026) plus margin; Margin 0.50% for CLTV 80%-90%; Margin 1.25% for CLTV greater than 90%; Maximum APR 18.00%; Minimum initial draw $10,000; Owner-occupied primary residence only
- Oct 2, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
Term: Ten years to draw funds, plus 10 years to pay it back.; As Low As; APR is variable based on Prime Rate; Maximum APR will not exceed 18.00%; Closing costs apply if closed within first two years; Membership and homeowners insurance required
Published APR range: 7.00% - 8.50%. Repayment term not shown on this row (printed as a blank cell beneath the 180 Months row); 80% or less LTV; Footnotes 1,2,3
As Low As; Requires automatic payment from CVFCU checking account
- Sep 17, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
As Low As
- Oct 2, 20267.00%▲ from 6.75%
- Sep 29, 20266.75%first recorded
As Low As; Line Amount: Subject to collateral value and balance of outstanding loans and lines; Example Payment: Interest only payment of as low as; Variable APR based on Prime Rate plus a margin; Minimum interest rate 3.25%; Maximum interest rate 18%; Virginia properties only
Term: 10 year draw period, 10 year repayment period; Real Estate Loans***; Loan amount: $500,000; Variable; WSJ prime rate
- Oct 13, 20267.00%▲ from 6.75%
- Sep 18, 20266.75%first recorded
Term: Two years to draw funds, plus 15 years to pay it back.; As Low As; APR is fixed based on approved credit with LTV of 80% to 100%; Maximum APR will not exceed 18.00%; Closing costs apply if closed within first two years; Membership and homeowners insurance required
Rate: Prime + 0.25%
80% Financing
Max Loan Amount: $500,000
- Oct 1, 20267.25%▲ from 7.00%
- Sep 30, 20267.00%first recorded
Loan Amount: $10,000 - $400,000
As Low As; Up to 80% LTV; Estimated Payment:
- Sep 18, 20267.25%▲ from 7.00%
- Sep 14, 20267.00%first recorded
As Low As; Up to 90% LTV; Estimated Payment:
Rates effective as of 09/22/2026
- Sep 25, 20267.25%▲ from 7.00%
- Sep 12, 20267.00%first recorded
HELOC 70% LTV or Less; Home equity lines of credit (HELOC) are variable-rate lines. Rates effective as of October 5, 2026 and subject to change without notice. Rates are based on an evaluation of your credit history and other factors, so your rate may differ. Collateral must be owned for a minimum of six months and the borrower's primary residence. All loans subject to approval. Closing costs vary by state. Speak to a loan officer for details. PenAir membership and property insurance are required for this loan.
- Oct 10, 20267.49%▲ from 7.24%
- Sep 14, 20267.24%first recorded
HELOC 70.01-80% LTV; Home equity lines of credit (HELOC) are variable-rate lines. Rates effective as of October 5, 2026 and subject to change without notice. Rates are based on an evaluation of your credit history and other factors, so your rate may differ. Collateral must be owned for a minimum of six months and the borrower's primary residence. All loans subject to approval. Closing costs vary by state. Speak to a loan officer for details. PenAir membership and property insurance are required for this loan.
- Oct 10, 20267.49%▲ from 7.24%
- Sep 14, 20267.24%first recorded
The Wall Street Journal prime rate +0.50%. For Non-Owner-Occupied Properties. Offer effective 12/11/2025. Credit score greater or equal to 725. Loan to value [LTV] no greater than 70%. Maximum APR 24%, Minimum APR 4%. Prime may change at any time. Lines of credit from $10,000 to $300,000.
- Oct 7, 20267.50%▲ from 7.00%
- Sep 27, 20267.00%▼ from 7.50%
- Sep 18, 20267.50%first recorded
90% Financing
No additional details available.
Published APR range: 7.50% - 11.50%.
As Low As; Variable rate; For lines of credit under $100,000; Introductory Rate APR: 5.49% fixed introductory rate for the first 13 months on qualifying lines of credit; Up to 80% Loan-to-Value
- Oct 9, 20267.50%▲ from 7.00%
- Oct 5, 20267.00%▼ from 7.50%
- Sep 17, 20267.50%▲ from 7.25%
- Sep 14, 20267.25%first recorded
As Low As
As Low As; Up to 90% LTV; Estimated Payment:
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Virginia Home Equity Snapshot
Local housing and income figures that shape how much equity Virginia homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting.
How Much Can You Borrow in Virginia?
Your borrowing limit on a home equity loan or HELOC is set by your combined loan-to-value ratio (CLTV), the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80 to 85%. Using the statewide median home value of $383,700, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $268,590 | $115,110 | $57,555 |
| Roughly halfway through | $211,035 | $172,665 | $115,110 |
| Well into repayment | $153,480 | $230,220 | $172,665 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income , the statewide median household income is $93,170, before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
Virginia Home Equity Rate Trends
Compare local Virginia home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes, updated every evening.
Virginia HELOC rates rose 0.003 points over the past 7 days to 7.062%.
Virginia home equity loan rates fell 0.022 points over the past 7 days to 6.992%.
Virginia Home Equity Rate Forecast, Next 12 Months
Where are Virginia HELOC and home equity loan rates headed through October 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What Forecast Rates Mean for Virginia Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today (VA avg) | 7.062% | $294 | 6.992% | $449 |
| 6-Month Forecast | 7.062% | $294 | 6.992% | $449 |
| 12-Month Forecast | 6.812% (6.56, 7.01%) | $284 (-$10) | 6.592% (6.24, 6.89%) | $438 (-$11) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works in Virginia
Virginia Equity Math
According to the U.S. Census Bureau, the median owner-occupied home value in Virginia is approximately $383,700. A homeowner who owes 60% of their original mortgage on a median-valued home would have roughly $153,480 in available equity. At a typical 85% CLTV limit, that means they could potentially borrow up to $95,925 via a HELOC or home equity loan, depending on credit profile and lender underwriting standards.
Home Equity Loan vs HELOC, Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC, Key Differences, Pros and Cons
Virginia Home Equity Loan and HELOC Rules
Virginia does not add its own loan to value cap, fee cap, or waiting period for home equity loans and HELOCs, so the federal rules below set the baseline and individual lenders set their own limits, most commonly 80 to 90 percent combined loan to value. The state rules that still matter for a Virginia borrower cover prepayment penalties, how a foreclosure works, taxes at closing, and who handles the closing.
Prepayment penalties
Capped at 2 percent of the amount prepaid on loans secured by an owner-occupied home (Va. Code 6.2-422) and 2 percent of principal prepaid on subordinate residential mortgages (6.2-423), with no penalty allowed when refinancing with the same lender.
Foreclosure process
Both (non-judicial typical). For owner-occupied homes the trustee must give at least 60 days written notice before the sale (Va. Code 55.1-321, as amended in 2025) and advertise it, so a sale can occur roughly two to three months after notice once the 120 day federal wait has run.
Deficiency after foreclosure
Allowed; the lender can sue for the difference between the debt and the sale price after a non-judicial sale, and there is no statutory fair market value offset.
Redemption after a sale
None after a foreclosure sale.
Taxes and recording costs
State recordation tax of $0.25 per $100 on deeds and on deeds of trust (buyer/borrower), a state grantor tax of $0.50 per $500 (seller), localities may add one third of the state tax, and Northern Virginia and Hampton Roads add a regional grantor tax of $0.10 per $100 (Va. Code 58.1-801 through 58.1-803).
Who handles the closing
Attorneys customarily handle closings in Virginia, though it is not required by law.
Other things to know
Virginia recognizes tenancy by the entirety, which protects a married couple's home from one spouse's individual creditors. Closings may be handled by attorneys or licensed lay settlement agents, and there is no statutory reinstatement right beyond what the deed of trust provides.
Federal rules that apply to every home equity loan and HELOC
Home equity loans and HELOCs secured by your main home carry federal protections on top of anything your state adds. For a HELOC, the lender must give you the HELOC disclosure and the CFPB home equity brochure when you apply and cannot charge a nonrefundable fee until three business days later; the rate must follow a public index the lender does not control, and the lender can freeze or cut the line only for specific reasons such as a significant drop in the home's value or a material change in your finances. For both home equity loans and HELOCs you have until midnight of the third business day after closing to cancel for any reason and get your fees back. A loan is a high cost mortgage under HOEPA if its APR is more than 6.5 percentage points above the average prime offer rate for a first lien (8.5 points for a second lien) or if points and fees exceed 5 percent; high cost loans require counseling and cannot carry balloon payments or prepayment penalties. Since 2018, interest on a home equity loan or HELOC is deductible only if the money is used to buy, build, or substantially improve the home that secures it, and only within the $750,000 total acquisition debt cap. Flood insurance is required on any home equity loan or HELOC from a federally regulated lender if the home sits in a FEMA flood hazard area.
Sources
- Nolo: Virginia Foreclosure Laws and Procedures
- Code of Virginia Title 6.2 Ch. 4 Art. 2 Loans Secured by Lien on Real Estate
- City of Alexandria: Recordation Tax rates
- CFPB: Right of rescission
- Regulation Z section 1026.40 (HELOC rules)
- Regulation Z section 1026.32 (HOEPA)
- Federal Register: 2026 Regulation Z threshold adjustments
- IRS Publication 936, Home Mortgage Interest Deduction
- FHFA 2026 conforming loan limits
- CFPB: Servicemembers Civil Relief Act
- 12 CFR Part 339 (flood insurance)
Virginia Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the local median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Virginia home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates for Virginia directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in Virginia. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from Virginia borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders, regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Home Equity Basics for Virginia Homeowners
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a Virginia homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC in Virginia
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, FRONT ROYAL is listing its Home Equity Financing 80% of appraisal minus balance on first trust at 4.75%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, Healthcare Systems Federal Credit Union is listing its Home Equity Line of Credit (HELOC) at 5.25%. For Virginia borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much Virginia Homeowners Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a Virginia homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Virginia Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a Virginia borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks for Virginia Borrowers to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For Virginia borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in Virginia
What is the difference between a home equity loan and a HELOC in Virginia?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan in Virginia?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan in Virginia?
How do I compare home equity and HELOC lenders in Virginia?
How do I get home equity loan and HELOC quotes in Virginia?
How much equity could a homeowner in Virginia have?
What is a typical home equity loan amount in Virginia?
Can households in Virginia afford a home equity loan payment?
How do property taxes in Virginia affect home equity borrowing?
What percentage of homeowners in Virginia have a mortgage they could tap for equity?
Does Virginia have special rules for home equity loans and HELOCs?
Can I cancel a home equity loan or HELOC after closing in Virginia?
Can a Virginia lender charge a prepayment penalty on a home equity loan?
What are the best home equity rates in Virginia?
- FRONT ROYAL: 4.75% (Home Equity Financing 80% of appraisal minus balance on first trust)
- Democracy Federal Credit Union: 5.00% (Home Equity 7 years)
- Merck Employees Federal Credit Union: 5.00% (Fixed Rate 2nd Mortgage)
- Call Federal Credit Union: 5.25% (Home Equity Loans - 7 Years)
- Healthcare Systems Federal Credit Union: 5.25% (Home Equity Line of Credit (HELOC))
Virginia Rates & Resources
Home Equity & HELOC Rates by City in Virginia
