Dominion Residential Mortgage - DRM offers a full range of loan programs to help make your homeownership dream a reality.

Home Equity Lines & Loans

What is the difference between a Line and a Loan?

A Home Equity Line of Credit  (also known as a HELOC) lets you borrow what you need, when you need it.  You use cash from your home's equity at your convenience, and only pay for what you spend.  A HELOC uses a variable rate usually tied to the prime rate published in the Wall Street Journal.  You can be comfortable knowing you are borrowing at the best rate available at the time.

A Home Equity Loan is a fixed rate loan, where your interest rate and annual percentage rate (APR) will stay the same through the life of your loan. The product is very similar to a car loan, where you make the same monthly payment for the entire loan period - only with this loan, your interest may be tax-deductible.

Benefits of a Home Equity Line

  • Introductory Rates as low as Prime Rate - 1% for first 6 months
  • No Closing Cost Lines
  • 10 Year Draw
  • Fixed Rate Lock Options
  • Interest Rate as low as Prime Minus .76 for the Life of the Loan
  • No Income Documentation Loans
  • Interest Only Payments 
  • Interest Can Be Tax-Deductible (Consult with Your Tax Advisor)

Benefits of a Home Equity Loan

  • Low Fixed Rates for the Life of the Loan
  • Stated-Income Loans
  • Interest Only Payments
  • Interest Can Be Tax-Deductible (Consult with Your Tax Advisor)


What our customers are saying about us...

"Thanks for making it such an easy experience!  You have a great team."
- James S.

"Dominion Residential helped me through one of my toughest times.  Everything was easy and on time.  All of my questions were answered very clearly.  I would recommend them to anyone!"
- Tami M.

"You guys are awesome. "
- Ben P.

"Very easy"
- Enrique A.

"The best mortgage company in the world!"
- Mike B.

"A great rate and really easy.  I will tell my friends."
- Judy D.

"I can't believe you were able to help me.  Thanks for everything and enjoy the cookies!"
- Katie A.

"I am so excited to be in my first home and it is all because of you!"
- Sharon C.

"Thanks for fixing my credit and getting me into a home.  I never thought would be able to do it..."
- Lori T.

"That was the easiest mortgage I ever done.  I will always recommend you."
- Richard K.

"Thanks for helping me!"
- Erin Q.