Freedom & Flexibility

Use the equity you've earned with Langley's Home Equity Lines of Credit (HELOC).


Is your home in need of a facelift or repair? Do you want to finally build that addition, deck or pool? Do you have a large upcoming expense such as a wedding, education, or medical?

Langley's HELOCs make it easy to tackle any size project or large expense. And now with Langley's Interest Only Payment, you can keep your monthly payment low while withdrawing money as needed from your HELOC during the 2-year draw period on fixed rate products.

Fixed rate HELOCs start as low as 4.75% for 7 years.[1] You never have to worry about increasing rates! There is no minimum balance required, which means you have the flexibility to withdraw money as needed throughout the draw period and you only pay what you owe.

Loan Type Draw Minimum Payment Rate
7 Year Fixed Rate HELOC 2 Year Draw Interest Only During Draw As Low As 4.75% APR [1]
12 Year Fixed Rate HELOC 2 Year Draw Interest Only During Draw As Low As 5.25% APR [1]
17 Year Fixed Rate HELOC 2 Year Draw Interest Only During Draw As Low As 5.75% APR [1]
40 Year Variable Rate HELOC 20 Year Draw 1% of Current Balance As Low As 4.75% APR [2]
40 Year Promotional Rate: 2.50% For First Year (As Low As Prime + 0)

Frequently Asked Questions About Home Equity Lines of Credit

How long does the application process take?

A Home Equity Line of Credit application can be turned around in as little as one week.

Can I talk with someone at Langley before I apply for a home equity line of credit?

Yes, any Financial Service Representative can help discuss these loans and your options.

Visit The Branch Nearest You Or Call 757-827-5328.

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.
  • Property Information - The basics about the property you want to finance.
  • Income - What you make.
  • 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.
What are the tax advantages of a home equity line of credit?

Please consult your accountant for specific details, but many of these loans do have some tax advantages.

Can I really use a HELOC for anything?

Yes, a HELOC can be used for many different things, including but not limited to; paying for a vacation, consolidating debt, and renovating your home.


[1] The Annual Percentage Rates (APRs) are fixed rates with a LTV of 100%, and will not increase during the life of the loan. Rates and terms are subject to change without notice. Available to members with a credit score of 600 or better depending on credit qualifications. Credit is subject to approval. Some restrictions may apply. Property insurance, and if applicable, flood insurance is required. Possible tax advantages, consult your tax advisor. Federally insured by NCUA.

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