Home Equity Financing

See options for home equity loans and lines of credit.

Use an equity loan or line of credit to finance a major purchase or for debt consolidation.  A home equity line of credit provides a variable rate and access to funds when you need them while a home equity loan offers predictable payments to help you finance one-time expenses. 

Contact a Banker
Options You Deserve
Home Equity Loan

A home equity loan is a great option to finance a large purchase or major home renovation.

Features

  • Choose from several loan terms
  • Make fixed monthly payments of principal and interest
  • Make additional principal payments without penalty
  • Enjoy a set period of time to pay the loan back
  • Receive your funds in a lump sum – beneficial for large projects
Home Equity Line of Credit

A HELOC from Bank of Botetourt is a flexible, revolving line of credit secured by your home’s equity. Use it for home renovations, large expenses, education, or debt consolidation. With a low variable rate, long terms, and interest-only payment options, you can access funds as needed, now and in the future.

A HELOC Offers:

  • Competitive interest rate
  • Multiple ways to access funds
  • Low monthly interest-only payments
  • Interest may be tax-deductible – consult your tax advisor
Financial Statements

Please print the form and complete. You may return the form in person to any Bank of Botetourt location or mail to the following address:

Bank of Botetourt
P.O. Box 647
Troutville, VA 24175

Download Financial Statement Form