Home Equity Line of Credit

Do you have renovations on your horizon?
A Home Equity Line of Credit can help!

Let us take care of the closing costs!*

6.75^% APR*

*The Annual Percentage Rate could range from Prime (currently 6.75%) to Prime + 1.50% (currently 8.25%) based on your line amount, combined loan-to-value (CLTV), beacon score and other factors. Although the Prime Rate is 6.75%, the Bank has set a rate floor of 4.50% and a rate ceiling of 18.00% as of 2/1/2024. Prime as of 3/31/2026 was 6.75% as indexed in the Wall Street Journal. C&F Bank will pay all bank-required closing costs (including Tax Tracking fee, Credit Report cost, Appraisal fee, Lender's Title Insurance Policy, Deed of Trust recording cost, Settlement fee, and Flood Determination fee) when at least one applicant has a beacon score of 700 or greater. For applications where no applicant has a beacon score of 700 or greater, C&F Bank will contribute up to $500 toward bank-required closing costs for lines of $75,000 or less, and up to $1,000 toward bank-required closing costs for lines greater than $75,000. In these cases, the borrower may be responsible for additional closing costs, which generally range from approximately $500 to $1,500. The APR is based on the assumption that the finance charge may include these closing costs, whether paid by C&F Bank or the borrower. Closing cost reimbursement is required if the line is closed within the first three years. Interest on your home equity line of credit may be tax deductible, consult a tax advisor regarding deductibility of interest. An increased line amount of $25,000.00 is required for refinancing an existing C&F Bank debt. Maximum loan amount of $200,000. This loan offer is subject to change without notice and is subject to credit approval. Homeowners insurance is required. Other terms and rates are available.