The Bay Federal Credit Union is a home equity line of credit from Bay Federal Credit Union. Application typically pulls a hard report from Equifax. The ongoing APR is Rate After Introductory Period 7.25%-8.75% APR variable (adjusts with the market after the intro period ends; lock portions at a fixed rate anytime) after a 6-Month Introductory Rate 2.99% APR; 12-Month Introductory Rate 4.99% APR introductory rate. Typical credit limit: Line amount up to $400,000, based on your available equity, credit, and goals. Loan terms: 10-year draw period with interest-only payments on what you have drawn; then repay the remaining balance with principal and interest over 15 years.