What Can Your Home Do For You Next?

Your home is a huge investment, why not make it work for you? Utilize the equity you’ve put into your home to help prepare for what’s next. With low interest rates and affordable monthly payments, BayFirst is here to help get you started.

Low Interest Rates

Affordable Monthly Payments

Funds When You Need Them

Home Equity Loan

Use the equity from your home for whatever you need to tackle next: home improvements, a new car, college tuition, paying off credit cards or whatever comes up. It’s your money, use it how you need to with a Home Equity Loan.

Home Equity Loan

Home Equity Line of Credit (HELOC)

Extra funds, when you need them. And, accessing them is as easy as writing a check with a flexible Home Equity Line of Credit.

Home Equity Line of Credit

Have Questions?

What's Next? Get Started.

Applying for your home equity loan or line of credit can be done online or in person. You’ll just need to:

  1. Gather your information. Applicants should have a solid credit score (a minimum of 660 is needed), proof of income, one year of W-2s, recent bank statements and mortgage statements.
  2. Apply. Visit our portal to begin online, or schedule a meeting with one of our experts at a banking center near you.
  3. Make your home's equity work for you. Just be sure to stay on top of your monthly payments.

Apply Today

HELOC FAQ

With both HELOCs and home equity loans, your borrowing limit is based on the amount of equity of your home (what you owe vs. the value of your home). The terms of your loan will be based on that number, and calculated by your lender during the application process.

It depends on a number of factors, but you’ll need to have a credit score of roughly 660 or higher and you’ll need at least some equity in you home.

It depends on your goals and financial situation. If you need a one-time purchase, a home equity loan might be better, whereas HELOCs may be better if you plan to spend over time. A lender will help you weigh your options.