Home Equity Loan and Line of Credit

Capitalize on the portion of your mortgage you've already paid off.


URW Community Federal offers members age 18 and older two ways to use the equity you’ve built in your home to fulfill your financial goals. Using your home as collateral, you can secure a great rate and the interest you pay may be tax-deductible.*


URW Community Federal Home Equity Line of Credit offers you the flexibility to use funds when you need them. It’s like a credit card with a limit as large as the equity on your home. A URW fixed-term Home Equity Loan is a check for a specific amount, to be paid over a specific term.


Home Equity Loans and Lines of Credit are ideal for:

  • Consolidating debt. You’ll enjoy one low interest rate and one monthly and – most likely – smaller bill. Plus, you may improve your credit rating in the process.
  • Home improvements. Use your equity to make improvements that can increase the market value of your home.
  • College tuition. Your home's equity can help you invest in your child's future!
Loan Amount Interest Rate Terms & Restrictions

Home Equity Line of Credit




Determined by your home's equity

Primary residences and vacation homes can be used as collateral.

Variable according to prime rate


Draw period is five years.

Residency Restrictions

Not available for investment property


Net Branch

Teller Talk


Convenience checks

Home Equity Loan




Determined by your home's equity

Primary residences and vacation homes can be used as collateral.

Investment properties can be used as collateral for loan amounts under $50,000.

Fixed by terms of loan.


Repayment up to 240 months

Maximum term on an investment property is 144 months.

Residency Restrictions


Apply today, your way!
  • Apply online.
  • Call 866.URW.MFCU
  • Visit a branch location.
  • Fax or mail the Home Equity Loan Master Application.

Instructions for convenience checks
  1. Log on to Net Branch
  2. Click on Send Message
  3. Type in a message that you would like checks for your Home Equity Line of Credit.
  4. Click Next.
  5. Verify message and click submit.

* Consult your tax advisor. Maximum withdrawal is $300 per day
A fee of $99 will be charged for the processing of your application

Review the Home Equity Disclosure. To read this PDF document, you will need Adobe® Reader® installed on your computer. Download Adobe Reader for free.

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We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Click here to view the full HUD Statement.



539 Arnett Boulevard
Danville, VA 24540

314 Lowes Drive
Danville, VA 24540

1901 Goodyear Boulevard
Danville, VA 24541

142 South Main Street
Danville, VA 24541

701 Broad Street
Danville, VA 24541

230 South Ridge Street
Danville, VA 24541

228 Cleveland Street
Danville, VA 24540

13701 US Highway 29, Suite I
Chatham, VA 24531

4018 Halifax Road
South Boston, VA 24592

1 High School Circle
South Boston, VA 24592

796 Commonwealth Boulevard
Martinsville, VA 24112

1092 NC Highway 86 N
Yanceyville, NC 27379

URW Routing Number: 251480482

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Equal Housing Lender
NMLS# 368135
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