![]() **Bank will pay closing costs for non-purchase money credit lines up to $400,000 credit lines of more than $400,000 and purchase-money credit lines will receive a $600 credit towards closing costs, or the full amount of closing costs, whichever is less. Certain conditions and restrictions may apply. ![]() Please consult with a tax advisor regarding interest deductibility. This offer is limited to primary and secondary single-family residential real property located in Virginia, Maryland and North Carolina. Property insurance and flood insurance, where applicable, will be required. Bank must be in a valid first or subordinate lien position on the collateral. Other fees may be charged at origination, at closing or subsequent to closing, ranging from $150 to $2,000. There is no origination fee charged to open. Payments are interest-only during the draw period and the repayment period requires a principal and interest payment, based on the outstanding balance. This Atlantic Union Bank Home Equity Line of Credit has a 15-year draw period with a 15-year repayment period. Offer may not be available for existing Atlantic Union Bank Equity Line customers. Offer is not available for advances taken under the fixed-rate option. ![]() All offers are subject to credit approval. Minimum monthly payment is $50.00, which may include principal. The minimum APR shall be no less than 3.00%. The maximum APR is 24% or the maximum permitted by state law, whichever is less. The Index may vary due to a change in the Prime Rate, and Margins vary based on the credit limit amount, the loan-to-value ratio, the borrower’s credit score and other factors. As of the Prime Rate was 8.25% and the Margins ranged from 0.25% to 5.99%. The APR will vary with the Prime Rate (Index) as published in the Wall Street Journal. The Annual Percentage Rate (APR) is variable and is based on an Index and a Margin. Borrowers must possess a Beacon Score of 720 or greater to receive the lowest rate. *The lowest APR (Annual Percentage Rate) offered is 8.00%, is available with a minimum line amount of $50,000, a minimum initial variable rate advance at closing of $15,000, a maximum combined loan-to-value of 80%, and automatic deduction of monthly payments from an Atlantic Union Bank (“Bank”) checking account. Balance paid off when your HELOC closes.90-day term with interest-only monthly payments.If you have an immediate need, the Access NOW loan allows you to borrow against a portion of the approved credit limit and it's paid off when you get your HELOC funds. If you don’t have time for the waiting game, why not get your money now? Access NOW 1 is a new way to put some money in your pocket while you wait for your approved Home Equity Line of Credit to close. When you need your money now: Access NOW™ You must speak with a banker to obtain a fixed rate. Fixed-Rate Advances are not automatically available through a draw or by writing a check.Fixed-rate processing fee of $75, as allowed by applicable law.Fixed rates available for 5, 10, 15 or 20-year terms.Have up to 5 Fixed-Rate Advances at one time.Enjoy the predictability of fixed monthly payments when you use all or part of your balance. Or lock in a Fixed-Rate Option any time during your draw period. ![]() Rates as low as 8.00% APR * for lines of $50,000 or more.Fast turnaround time from application to closing in about 32 days (most loans close in under 30 days) 2.No Closing Costs - Closing costs reimbursed for line sizes up to $400,000 $600 credit for larger lines.Interest may be tax-deductible (please consult your tax advisor).Borrow as much or as little as you need.When you have unexpected expenses or projects to finance, consider how a Home Equity Line of Credit (HELOC) from Atlantic Union Bank can provide the solution, and peace of mind knowing you're prepared for anything life throws your way. After investing so much time and money in your home, it's time to take advantage of its equity. ![]()
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