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Home Loan Support
Find answers to common questions about Keesler Federal home loans. Learn how mortgage payments work, how to manage your loan, and what to expect throughout the life of your loan.
Browse Home Loan Topics
Mortgage Loans
The property or home must be located in Alabama, Louisiana, Mississippi, or Florida.
Mortgage payments can be made online, over the phone, or in a branch. Balances will not show on a member receipt for payments made in branch.
Mortgage payments are due on the first of the month and accrue a late fee after the 15th if payment has not been received.
Payments are always due on the 15th of the month.
- Maximum Draw Period – 10 years
- Maximum Loan Term – 30 years
- Maximum Loan Amount – Up to $250,000
During the draw period of a home equity loan, the monthly payments are interest-only for the first 10 years. After the draw period ends, full principal and interest payments are required for the remaining 20 years. The exact amount of the monthly payment will depend on the interest rate and the outstanding balance of the home equity loan.
The home equity loan or line interest rate is based on the prime rate plus a margin determined by Keesler Federal, which is influenced by the member's credit score.
No. Home equity loans are for owner occupied primary residences and second homes.
No. All home construction must be 100% complete to qualify for a home equity loan.
Available in AL, FL, LA, and MS ONLY
You can borrow up to 90% of appraised value, less balance on 1st mortgage (based on credit score). • Max loan amounts from $150,000 to $250,000 • Minimum Loan amount $500.00
- Minimum Loan amount $500.00
Keesler Federal offers home loan terms of 10 to 30 years, with fixed or adjustable (ARM) interest rates.
- FHA
- VA
- Conventional
- USDA
- Construction Loan
- Nonconforming
- Land Loans (Fixed Rate & ARM)
Keesler Federal’s only in-house fees are the origination fee and processing fee. All other fees are outside fee (attorney fees, appraisal fee, credit report fee are a few) Funds will be collected to set up escrow account for taxes and insurance.
Property/Home must be located in the state of Alabama, Louisiana, Mississippi or Florida.
Payments can be made online, over the phone or in a branch. Balances will not show on the member’s receipt for payments made within a branch. See all loan payment options here.
All mortgage payments are due on the 1st of the month, and will accrue a late fee after the 15th of each month if payment hasn’t been received. Please refer to your closing documents for amount.
Home Equity Loans & Lines
Learn how Keesler Federal home equity loans and lines of credit work and get help managing your account.
Bank Anytime with the Keesler Federal Mobile App
The Keesler Federal Mobile Banking App lets members securely access accounts, deposit checks, transfer funds, and track everyday spending directly from their phone.
- Securely check balances, move money, and deposit checks from anywhere
- Deposit checks, pay bills, and send money quickly using secure mobile banking tools
- Set up account alerts and track spending to stay in control of your finances
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