Get immediate access to the funds you need to reach your goals.
Borrow intelligently against the value of your home with a fixed-rate to budget your monthly payments while receiving your funds in one lump sum. Up to 15-year repayment term available.
Get the financial flexibility you need without the pressure of using all your funds at once. Choose from a traditional HELOC with 25-year repayment term or a fixed-rate with 10- and 15-year repayment options.
Homes must be located in Virginia or North Carolina.
Interest may be tax-deductible (consult your tax adviser).
Maximum loan amount of $726,200.
Fees may apply.
Available for primary residences (up to 100% CLTV) and vacation homes (up to 90%).
Unlike other financial institutions that only let you borrow up to 80% of your home equity, BayPort lets you borrow up to one hundred percent! Members can apply online with automatic payments* using the promo code EQUITY.
*Certain restrictions apply. If automatic payments stop, the rate will revert to the original rate. Homes must be located in Virginia or North Carolina. Interest may be tax-deductible (consult your tax adviser). Fees may apply. Available for primary residences (up to 100% CLTV) and vacation homes (up to 90%).
Protect against Mother Nature and unexpected events. BayPort Insurance offers the homeowners coverage you need to protect your investments and personal valuables.
Get the home loan process started easily in just a few clicks.
*APR=Annual Percentage Rate
Membership eligibility required. Certain restrictions and terms may apply. Interest rates are subject to change without notice. Interest rates are based on your creditworthiness and will vary with the market based on the Prime Rate. The maximum annual percentage rate will not exceed 18%. Interest rates do not include pricing adjustments for loan to value, loan amounts, and credit score. BayPort may lend up to 100% of the assessment or appraised value. Maximum loan amount of $726,200. Property insurance and if applicable, flood insurance is required. No closing costs, excluding appraisal fee if required. The appraisal fee is usually $625.00. The fee will be collected up front and the appraisal will be ordered from one of the appraisers on our approved list. If you close your home equity loan or home equity line of credit within twenty-four (24) months, you will be required to reimburse the Credit Union for closing costs paid on your behalf. Additional fees may apply.