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A new car, a bigger home, a vacation to remember, a college degree...whatever you dream about, we can help you finance it. And we believe in taking care of our customers with the old-fashioned customer service that makes applying for a loan fast and effortless.
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Home Equity Lines of Credit |
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It's easy to access the equity in your home with a Bank of Hampton Roads Home Equity Line of Credit. For well-qualified borrowers, we offer rates as low as Wall Street Journal Prime minus 1/2% and we pay the closing costs on lines up to $100,000. You'll be billed interest only payments, which may even being tax deductible. It's one of the best home equity deals in town! Give us a call and one of our loan officers can give you details and answer any of your questions.*
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| Click here for information on how to apply. |
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Installment Loans |
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These loans can be used for your major purchases, such as a new or used boat, college tuition, or large home improvement projects. Also, consider an installment loan for smaller purchases: a vacation, small home improvements, or any other worthwhile purpose. We have great rates, and we can usually process an installment loan application in less than 24 hours. Give us a call and one of our loan officers can give you details and answer any of your questions.
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| Click here for information on how to apply. |
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Car Loans |
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We can help you finance a new or used car. We have highly competitive rates, and we can usually process a car loan application in less than 24 hours. Give us a call for details.
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| Click here for information on how to apply. |
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Mortgages |
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We can help you finance that new home you just fell in love with! Call us to discover our very competitive rates and our simple application process.
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| Click here for information on how to apply. |
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Construction Loans |
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Are you building your dream home? We can help finance this major project with our personal construction loan. We don't require you to have a class A builders license to get a personal construction loan. Give us a call for more information.
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| Click here for information on how to apply. |
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For information on how easy it is to apply for a loan, click here.
Bank of Hampton Roads is an Equal Opportunity Lender.
For rate information, please contact one of our loan officers to get the most current information.
*Borrower must meet bank's creditworthiness standards; otherwise, higher rates may apply. APR is a variable rate based on the Wall Street Journal Prime Rate and is offered on loans with initial draws of $15,000 or more; on 11/15/2006 the rate was 7.75%. Lifetime APR will not exceed 18% nor will the APR fall below 6.00%. Stated APR requires an 80% or less combined-loan-to-value ratio. Line of credit is applicable to first or second home only and does not include mobile or manufactured homes. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. Closing costs paid on lines with initial draws of $15,000 to $100,000; borrower pays difference in closing costs on lines greater than $100,000. Borrower pays all closing costs on lines less than $15,000; if balance of line drops below $15,000 within first 12 months or is closed within 24 months of the date upon which it was opened, waived closing costs will be added to the balance of the loan. Borrower must maintain a Bank of Hampton Roads checking account for the life of the loan or waived closing costs will be added to the balance of the loan. Consult a tax advisor to determine deductibility of interest. Bank of Hampton Roads is an Equal Opportunity Lender.
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