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No Closing Costs

We'll waive the fees and costs associated with getting your HELOC moving.

Flexible Draw & Repayment Options

With flexible draw periods up to 20 years, you have access to the funds when you need them, how you need them.

Versatile Access to Funds

Access your funds as needed for ongoing or planned projects.

HELOC Rates
Type Draw Period Rate
7 Year Fixed Rate HELOC 2 Years 7.09% APR 1
12 Year Fixed-Rate HELOC 2 Years 7.34% APR 1
22-Year Fixed Rate HELOC 2 Years 7.59% APR 1
40 Year Variable Rate HELOC 20 Years 7.00% APR 2
Rates shown are a best offer based on credit eligibility. All applications are subject to credit approval and actual rate may vary.

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home.

Your HELOC will not affect the interest rate on your existing mortgage. The APR on a HELOC is only applied to any outstanding balance from borrowed funds.

No closing costs 3

Draw periods up to 20 years.

Use the money for projects or goals.

Calculate Your Home's Equity

What do I Need to Apply?

Gather the following documents before applying for a smoother application process:

Government-issued identification

Paystubs covering the last 30 days

Two most recent years of tax returns

Latest mortgage statement

Current homeowners insurance policy/policies

Your home's equity is a percentage of the difference between your home's current appraised value and how much you still owe on your mortgage.

$
$
Loan-to-Value (LTV) is your mortgage amount as a percentage of the property’s value.
Your estimated available equity to borrow: $0
Appraised Home Value $0
Borrowing Limit at 80% LTV $0
Current Mortgage Balance - $0
Equity You Own $0
Apply Today

Start Your Application Today

Don't Wait - unlock your home's equity today! Apply online or speak with one of our loan specialists to find the best HELOC option for you.

Apply Now Schedule an Appointment 757-827-5328

FAQs

What’s the difference between a fixed-rate and variable-rate HELOC?
  • A fixed-rate HELOC locks in a steady interest rate for predictable payments, ideal for budgeting.
  • A variable-rate HELOC fluctuates with market conditions, often starting lower but changing over time.
Why should I use a HELOC over a Personal Loan?
A Home Equity Line of Credit (HELOC) and a personal loan are both useful borrowing options, but the right choice depends on your financial needs and situation.

A HELOC is typically a better option for large expenses that can be paid over time, such as home renovations, major repairs like a roof replacement, or debt consolidation. Because a HELOC is secured by your home's equity, it usually offers lower interest rates and higher borrowing limits compared to personal loans. This makes it a cost-effective choice when you need flexible access to funds for ongoing or substantial projects.

On the other hand, a personal loan is unsecured, meaning it doesn’t require home equity. It is ideal for smaller, immediate needs like emergencies or quick cash requirements, where faster approval is essential. Additionally, a personal loan can be suitable for discretionary expenses like vacations, especially if you prefer not to use your home as collateral.
Can I qualify for a Home Equity Line of Credit (HELOC) if I have a lower credit score?
You may still qualify for a HELOC with a lower credit score. Schedule an appointment with us to discuss your options and find the best solution for your needs.
What do I need to apply for a HELOC?
We've simplified our loan process down to only the most essential information. Here's what we need to know:
  • Borrower Information - The basics about you. If you’re not already a member, open a Langley membership online or at a local branch.
  • Property Information - The basics about the property you want to finance including your current homeowners, flood insurance policies, and mortgage statement.
  • Income - What you make. For most borrowers this will be paystubs covering the last 30 days. For self-employed borrowers, the two most recent years of tax returns are requested.
  • Liabilities - What you owe and to whom. We will run a credit report to confirm liabilities and fill in that section of the application for you. (You'll have a chance to review and make any corrections.)
  • Declarations - A few more questions to complete your application.
1

The Annual Percentage Rates (APRs) are fixed rates with a LTV of up to 100%, and will not increase during the life of the loan. Rates and terms are subject to change without notice. Credit is subject to approval. Some restrictions may apply. Property insurance, and if applicable, flood insurance is required. HELOC applications borrowers will be required to pay for appraisals upfront. Appraisal fees will no longer be refunded regardless of the loan funding. Possible tax advantages, consult your tax advisor.

2

Annual Percentage Rates (APR) are variable and determined by credit history.

3

Maryland properties - member responsible for all recording fees and taxes. All fees and taxes may be advanced from the HELOC at funding.