Tap into your home’s value.

Get immediate access to the funds you need to reach your goals.

 

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Home Equity Loan

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.

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Home Equity Line of Credit

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.

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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%).

Love Your Home 100%
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!

1.99% APR* Promotional Rate

Receive a promotional rate of 1.99% APR for the first six (6) months with our Variable Rate or our Interest-Only Variable Rate Home Equity Line of Credit from August 11 – November 30, 2021. Draws of $5,000 or more qualify. Promotional rate term begins on the day disbursements total $5,000 and applies to any additional draws made during the promotional period.

Use promo code EQUITY

Apply now

Love your home 100%

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 approval* using the promo code EQUITY.

Apply now

*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%).

How much is your home worth?

Use HomeAdvantage® to estimate the value of your home. HomeAdvantage is an online tool that generates an estimate based on the availability of real estate market data in your area. Although it isn’t an appraisal, the report is an excellent starting point in your search for market knowledge.

Find out your home’s value ▸

Need a quote on a home insurance policy?

Protect against Mother Nature and unexpected events. BayPort Insurance offers the homeowners coverage you need to protect your investments and personal valuables.

More about home insurance ▸

Ready to apply?

Get the home loan process started easily in just a few clicks.

Apply now

*APR=Annual Percentage Rate
Membership eligibility required. Certain restrictions and terms may apply. Interest rates are subject to change without notice. The promotional rate of 1.99% is good for 6 months once $5,000 in advances have been made during the promotional period of August 11, 2021 to November 30, 2021. After that, the interest will be based on your creditworthiness and will vary with the market based on the Prime Rate. Principal and interest payment will be applied to the promotional balance first. The promotional rate is available on HELOCs with a draw period greater than two years. The 2-year Draw/12-year Term and the 2-year/17-year Term interest-only HELOCs and BayPort loans are not eligible. 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.  Property insurance and if applicable, flood insurance is required. The applicant is responsible for the appraisal fee if an appraisal fee is required. The appraisal fee is usually $525.00. The fee will be collected up front and the appraisal will be ordered from one of the appraisers on our approved list.  Additional fees may apply.

(757) 928-8850 · (800) 928-8801

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

Our website contains links to websites owned and operated by third parties. If you use these links, you leave our website. BayPort Credit Union has no control over the contents of such linked websites or third parties and is not responsible for these websites, their content, or availability.

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