News & Announcements

As a homeowner, you can unleash your home's equity to fund almost anything and unlock your dreams! Whether you’re looking to complete a home renovation, consolidating debt, paying for your child’s college tuition or finally taking that cruise to Alaska, the equity in your home could help fund these dreams and more.

Starting September 1st and running through November 30th take advantage of a

With BFCU's great special rate, convenient terms, and fast turnaround on home equity loans, now is the time to:
• consolidate high-interest debt
• make home improvements
• plan your dream vacation
• pay college tuition
• cover major expenses
• and more!

To get started, simply contact a member of the Baylands “Home Team” using the link below or give us a call at 804-843-2520 ext 135. Interested in a home mortgage, land loan, or mortgage refinancing see our mortgage lending page.

Contact Baylands "Home Team"!

*APR = Annual Percentage Rate. Promotional Offer starts September 1, 2024 and ends November 30, 2024. Introductory interest rate of 6.99% APR for the first 12 months is effective September 1, 2024 and reflects the current minimum rate offered. The rate may be adjusted based on individual credit standing, debt ratio, and amount of equity in property. Not all borrowers will qualify for the lowest rate. After the first 12 months, the rate will be as low as Prime Rate plus a margin depending on the member’s credit standing, debt ratio and amount of equity in the property at the time the Home Equity Line of Credit (HELOC) was originated. Current rates (as of 8/1/24) range from 8.50% to 18.00% APR. The minimum rate after the first 12-month promotional period is based on the Prime Rate as published in the Wall Street Journal on the first day of the month preceding the rate change date (December 1, March 1, June 1, and September 1).The interest rate on HELOCs is reviewed quarterly and is subject to change the first day of January, April, July and October. The maximum interest rate allowed under the plan is 18.00% APR. Property insurance is required. A $25,000.00 initial draw is required. Membership eligibility required. A Prime Share Account (membership) with a minimum deposit is required upon loan approval. Additional fees, terms and conditions may apply to this offer. Offer is subject to change or end without notice. For further details, please contact a Mortgage Specialist. This credit union is insured by the National Credit Union Administration