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A home equity loan or line of credit from CommonWealth One gets you easy cash for whatever makes you happy – from a kitchen with dancing room, to a new home office or updated furniture or fitness equipment, to a college degree or debt consolidation. And, if you have your sights set on a different home altogether, we are also the ONE for an easy, low-interest mortgage. Choose from a variety of home loan options to fit your needs.

Plus, when you apply for a mortgage, home equity loan, home equity line of credit OR advance an existing home equity line of credit by $10,000 or more by July 31, 2021, you’ll receive an automatic entry into our $5,000 Happy Place Sweepstakes!

Choose from a variety of options to fit your needs.

  • Borrow up to 90% of your home's equity (LTV¥)
  • Loan amounts from $15,000 to $250,000
  • Low fixed rate
  • Repayment terms up to 15 years

  • Borrow up to 100% of your home's equity (LTV¥)
  • Loan amounts from $15,000 to $250,000
  • Low fixed rate
  • Repayment terms up to 20 years

  • Borrow up to 100% of your home's equity (LTV¥) for the purpose of purchasing another home
  • Loan amounts from $15,000 up to $250,000
  • Low fixed rate
  • Repayment terms up to 20 years

Home Improvement Equity Loan2

  • Borrow up to 133% of your home's equity (LTV¥)
  • Loan amounts from $15,000 to $250,000
  • Low fixed rate
  • Terms up to 15 years

EquityLine (Home Equity Line of Credit3)

  • Line of credit with limits from $15,000 up to $250,000
  • Low variable rate
  • Borrow up to 90% of your home's equity (LTV¥)
  • Interest only payment options
  • Easy access to funds using EquityLine checks, Online Banking, or at CommonWealth One locations

  • Line of credit with limits from $15,000 up to $250,000
  • Low variable rate
  • Borrow up to 100% of your home's equity (LTV¥)
  • Interest only payment options
  • Easy access to funds using EquityLine checks, Online Banking, or at CommonWealth One locations

  • Borrow up to 100% of your home's equity (LTV¥) for the purpose of purchasing a home
  • Low variable rate
  • Line of credit with limits from $15,000 to $250,000
  • Interest only payment options
  • Easy access to funds using EquityLine checks, Online Banking, or at CommonWealth One locations

Apply today and get the cash for whatever makes you happy!

*Loan-to-Value (LTV). All applications are subject to credit and underwriting approval; not all applicants will qualify. Programs, rates, terms, and conditions are subject to change without notice. Home equity loans and lines of credit are available for primary residences and second homes in Virginia, Maryland, DC, Tennessee, Kentucky, and North Carolina. Property insurance required. Flood insurance may be required. Other terms and conditions may apply. Mortgage loans are available to properties located in the Commonwealth of Virginia, Maryland, and Washington, D.C. Member Advantage Mortgage LLC is licensed by the Virginia State Corporation Commission, Mortgage Lender License MC-5045, NMLS ID #1557 (www.nmlsconsumeraccess.org).  This notice provides that Member Advantage Mortgage, LLC has a business relationship with Commonwealth One Federal Credit Union. The nature of this relationship is Indirect owner. Because of this relationship, this referral may provide Member Advantage Mortgage, LLC a financial or other benefit.

Individuals will receive an automatic entry into the Sweepstakes when they apply for a mortgage, home equity loan, or home equity line of credit, or advance an existing home equity line of credit by $10,000 or more, by July 31, 2021. One entry per individual. Sweepstakes begins at 12:01 a.m. on April 1, 2021, and ends at 11:59 p.m. on July 31, 2021. No purchase, obligation or transaction necessary to enter or win. For complete rules on how to enter without purchase, click here.

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