Home Equity Loan

Put the equity in your home to work — to make repairs and improvements, consolidate high-interest debt, cover college tuition or pay medical bills. A KeyPoint Home Equity Loan can provide the funds you need in a lump sum at a fixed rate with potential tax advantages — check with your tax advisor.

With a KeyPoint Home Equity Loan, you can lock in a fixed rate and monthly payment that stays the same for the life of the loan. And you can choose the term that works best for your situation and budget.

Home Equity Loan
Rates Effective: 11/19/19
Term Fixed Rate* Annual Percentage Rate (APR)
10 Years As low as 5.375% As low as 5.393%
15 Years As low as 5.500% As low as 5.512%
20 Years As low as 6.500% As low as 6.510%
30 Years As low as 6.750% As low as 6.758%

*Your rate may be higher depending on your credit score.
Equity loans are available for owner-occupied single-family, townhomes, condominiums (subject to additional restrictions) and 2-unit properties (1 unit must be owner occupied). The lowest rates as shown require (a) $20,000 minimum loan amount, (b) 75% or lower loan to value (LTV)/combined loan to value (CLTV) ratio, and (c) a minimum credit score of 760. Fees to establish an equity loan typically range from $950 - $1,500. On purchase transactions, fees are waived on home equity loan when combined with a KeyPoint 1st mortgage ("Combo"). Equity loans are subject to a full appraisal. The fee for a full appraisal typically ranges from $525 - $750. An appraisal may be subject to additional fees for certain property characteristics, including but not limited to, acreage, large home size, waterfront and/or additional amenities. All loans subject to credit approval. Rates and terms subject to change without notice.

Rates accurate as of 11/19/19 and subject to change. 

ALL LOANS SUBJECT TO CREDIT APPROVAL. RATE IS BASED ON CREDITWORTHINESS AND OTHER FACTORS, AND MAY BE HIGHER THAN THE RATE SHOWN. RATES AND TERMS SUBJECT TO CHANGE WITHOUT NOTICE.