HELOC Rates 4.25% APR
*Variable APR adjusted quarterly based on the value of index +1. The index is the Prime Rate published in the Wall Street Journal. The rate will never exceed 18%, or the maximum allowed by law. Salem VA Credit Union will pay all fees on new HELOC loans with a minimum credit line of $15,000, and for an existing line of credit that increases their credit line by at least $15,000 taking an advance of at least $10,000. Appraisal and other fees will be passed on to borrower for any lines of credit less than $15,000. If line of credit is closed within twelve (12) months, member will be required to reimburse the Credit Union for all closing costs paid on their behalf. Salem VA Credit will loan up to 80% of the appraisal or tax assessment. Salem VA Credit Union, a non-profit, member-owned financial institution, does business according to the Federal Fair Housing Laws and the Equal Opportunity Credit Opportunity Act.