Home Equity Rates

Rates are valid as of 1-22-2014 and subject to change without notice.
Home Equity Line of Credit - *up to 80%
Must have beacon score of 640 or better
Max $417,000, Heloc Floor, Min Annual Percentage Rate 4.0%
Max Ceiling Annual Percentage Rate 18.0%
LTV Term APR
(LTV) Up to 80% 10 yr. draw/25 yr. term Prime -.50%
Members can qualify for .25% discount with BayPort Credit Union checking account and direct deposit. Also .25% discount for automatic payments to loan.
Home Equity Line of Credit - *up to 90%
up to 90% if current 1st mortgage is at BayPort
up to 80% if current 1st mortgage is not at BayPort
Max $417,000, Heloc Floor, Min Annual Percentage Rate 4.0%
Max Ceiling Annual Percentage Rate 18.0%
LTV Term APR
Up to 90% 10 yr. draw/25 yr. term Prime
Members can qualify for .25% discount with automatic payments to loan.
Home Equity Loans: 5 Years Fixed (Max $417,000)
LTV Rate  
*80.00% or less 6.00% Fixed  
*90.00% or less 6.25% Fixed  
Members can qualify for .25% discount with automatic payments to loan.
Home Equity Loans: 10 Years Fixed (Max $417,000)
LTV Rate  
*80.00% or less 6.50% Fixed  
*90.00% or less 6.75% Fixed  
Members can qualify for .25% discount with automatic payments to loan.

*If your first mortgage is currently held by BayPort Credit Union we will lend up to 90% CLTV. If the CLTV is 80% or greater we will require a new appraisal or possibly use a current appraisal six months old or less. If the CLTV is less than 80%, the city/county assessment will be used. If your first mortgage is not currently held by BayPort Credit Union we will lend up to 80% CLTV of the city/county assessment or possibly use a current appraisal six months old or less. All loan amounts over $100,000 will require a new appraisal despite the CLTV, if your first mortgage is not currently held by BayPort Credit Union.
If an appraisal is required, the applicant will be responsible for the appraisal fee. This fee is usually between $400.00 - $450.00. The fee will be collected up front and the appraisal will be ordered from one of the appraisers on our approved list.

We will lend on vacation homes up to 75% CLTV of a city/county assessment or 75.01 - 80% CLTV of a new appraisal as long as BayPort Credit Union holds the first.