Virginia HELOC overview
Virginia's strong job markets — especially in Northern Virginia — have supported steady home price growth. A HELOC lets you use that equity while keeping your first mortgage.
| Program feature | Details |
|---|---|
| Initial credit check | Soft-pull Experian FICO 9 — no score impact |
| Maximum line | Up to $750,000, subject to CLTV |
| Minimum FICO | 600 primary & second home · 680 investment |
| Valuation | No full appraisal generally required for lines ≤ $400,000 |
| Your loan originator | Matthew Brown, NMLS #1254520 |
Where Virginia homeowners use HELOCs
Northern Virginia
High values support sizable lines for renovations and additions.
Richmond
Owners fund updates to historic and established homes.
Hampton Roads
Popular with military families and for storm-hardening.
Charlottesville & the Shenandoah Valley
Owners use lines for repairs and second homes.
Virginia-specific considerations
- Recording taxes. Virginia charges recordation taxes when a new deed of trust is recorded, which are part of closing costs.
- Military families. If you have a VA first mortgage, a HELOC can sit behind it; ask how your first loan affects eligibility.
- Historic homes. Older homes in Richmond and elsewhere often need systems updates that HELOCs can fund in stages.
Work with a licensed Virginia loan originator
Matthew Brown is licensed in Virginia and works directly with Virginia homeowners from eligibility check to closing. Call (512) 952-1125.
Frequently asked questions
Is Matthew licensed in Virginia?
Yes, Matthew Brown is licensed in Virginia.
Can I get a HELOC if I have a VA loan?
In many cases, yes. The HELOC would sit in second position behind your VA first mortgage.
Are there Virginia taxes on a HELOC?
Virginia recordation taxes apply when a new deed of trust is recorded and are included in closing costs.