Home Equity in Virginia: How Much Can You Cash Out? (2026)
With Virginia's median value near $400,000 and a typical $220,000 balance, homeowners can access about $120,000 at 85% combined LTV — through a HELOC, a fixed home equity loan, or a cash-out refinance.
Most Virginia owners who bought years ago hold significant equity. A HELOC or home equity loan lets you borrow against it without touching a low first-mortgage rate.
Accessible equity by Virginia county
| County | Est. Value | Equity at 85% CLTV |
|---|---|---|
| Fairfax County | $690,000 | $206,500 |
| Prince William County | $560,000 | $168,000 |
| Virginia Beach County | $360,000 | $108,000 |
| Loudoun County | $720,000 | $216,000 |
| Chesterfield County | $400,000 | $120,000 |
| Henrico County | $360,000 | $108,000 |
| Spotsylvania County | $400,000 | $120,000 |
| Stafford County | $400,000 | $120,000 |
| Albemarle County | $400,000 | $120,000 |
| Hanover County | $400,000 | $120,000 |
| Augusta County | $400,000 | $120,000 |
| Roanoke County | $400,000 | $120,000 |
| Rockingham County | $400,000 | $120,000 |
| Bedford County | $400,000 | $120,000 |
| Frederick County | $400,000 | $120,000 |
| Montgomery County | $400,000 | $120,000 |
| Campbell County | $400,000 | $120,000 |
| Pittsylvania County | $400,000 | $120,000 |
| Fauquier County | $400,000 | $120,000 |
| Franklin County | $400,000 | $120,000 |
| Washington County | $400,000 | $120,000 |
| Tazewell County | $400,000 | $120,000 |
| Wise County | $400,000 | $120,000 |
| Culpeper County | $400,000 | $120,000 |
| Accomack County | $400,000 | $120,000 |
| Arlington County | $790,000 | $236,500 |
| Alexandria County | $640,000 | $192,000 |
How to tap equity in Virginia
Start with your numbers: home value minus what you owe, capped at 85% of value. Then pick the tool — a revolving HELOC for flexible access, a fixed home equity loan for a lump sum, or a cash-out refinance if a new first-mortgage rate beats your current one. Compare two or three lenders, since margins and fees vary.
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Frequently Asked Questions
- How much home equity can I tap in Virginia?
- On a $400,000 home with a $220,000 balance, about $120,000 at 85% CLTV. Your exact limit depends on the lender, your credit, and the appraisal.
- Is a HELOC or cash-out better in Virginia?
- If your first mortgage rate is low, a HELOC or home equity loan is usually cheaper because it keeps that rate. A cash-out refinance only wins when today's rate beats your current one.