Langley Federal Credit Union is now the solution for all new loan applications. When applying for a loan online or over the phone, you will be redirected to the Langley loan team. As part of this process, Langley will work with you to establish a new savings account to finalize the loan application requirement. 

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Virginia Beach Schools Federal Credit Union
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Do you offer Home Equity Loans or Lines of Credit?

Our Home Equity Loan or Line may be the perfect fit for you! Read more about Home Equity Loans and Lines below, and learn all about the benefits and features of each one.  Call our Home Loan experts with your questions. We understand each home loan is as unique as you are, and will make your experience easy, fast and hassle-free!  Main Office Line: 757-463-3650 option 1

Visit our online loan application.

What is Home Equity?

Home equity is the portion of your home that you’ve paid off. It’s the difference between what the home is worth and how much is still owed on your mortgage. For many Americans, equity from homeownership is a key way to build personal wealth over time. As your home’s value increases over the long term and you pay down the principal on the mortgage, your equity grows.

What is a Home Equity Line of Credit?

Home equity is typically used for big expenses and often represents a more cost-effective financing option than credit cards or personal loans with high-interest rates. It is a line of credit with a variable rate that is secured by a second mortgage deed of trust on your primary residence. (Owner occupied only).

What is a Home Equity Loan?

A Home Equity Loan is a closed-end loan with a low fixed rate that is secured by a second mortgage deed of trust on your primary residence. (Owner occupied only).
The phrase “Second Mortgage” and “Home Equity Loan” may be used interchangeably.

What are the common uses of Home Equity Loans or Lines?

Seven common uses for Home Equity loans and lines are: 

Learn More with our Home Loan Calculators

What if I need a loan not listed?

Call one of our Local Lending Experts, today.

How do I apply for a loan, and what can I expect?

If you are already a VBSFCU member with a savings account, apply online or call us using one of the phone numbers above.

Visit our “What to Expect” page to learn about our loan application process.

I would like to apply for a loan, how do I become a member?

Welcome! We are excited to meet you. Please visit our Who Can Join page to check if you qualify for membership. If you already know you qualify, visit the Open an Account page to learn what you need to bring to become a member.

What does VBSFCU do for our local community?

Learn about our Do Good programs and how we give back locally.