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Home Equity Line of Credit
What Is a Home Equity Line of Credit?
A Home Equity Line of Credit, or HELOC, lets you borrow against the equity or value in your home, access funds when you need them, and use those funds for home improvement, debt consolidation, or large expenses.
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Open a line of credit through a streamlined process
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No application fee, no origination fee, no closing costs2
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Maximum loan amount from $150,000 to $250,000
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Payment terms up to 30 years3
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Competitive rates and flexible repayment options
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Access a flexible line of credit to draw from as needed
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Get guidance from Keesler Federal lending specialists
How a Home Equity Line Works
Access your available credit when you need it and repay over time based on the amount you borrow.
Make payments over time based on the balance you use while keeping access to your available credit.
Home Equity Requirements
To qualify for a Home Equity Line of Credit, lenders review the equity in your home along with your financial profile. You can borrow up to 85% of the appraised value of your home, less the balance on your mortgage (based on credit score). Keesler Federal reviews:
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The equity in your home to support the credit line
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A qualifying credit history
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Income that supports the requested borrowing amount
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Property value confirmed during the loan review
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Property located in an eligible service area
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Membership eligibility with Keesler Federal
Ways to Use Home Equity
A Home Equity Line of Credit gives you flexible access to funds that can be used for a variety of financial needs. Many members use their home equity for projects, major expenses, or financial planning.
Some homeowners use home equity to consolidate higher-interest debt into one payment. This may help simplify finances and potentially lower overall interest costs.
A Home Equity Line of Credit can be used for large planned expenses such as education costs, medical expenses, or other major financial needs.
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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