HELOC

Home Equity Credit Lines

Tap into the equity of your home

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With a low rate home equity loan or line of credit, you’ll enjoy the freedom and flexibility to do what matters most to you.
Your home’s equity can be used your way and on your terms. That’s a good thing.

Home Equity Credit Lines
  • No closing costs3
  • No origination fee
  • No application fee
  • Below market rates
  • Payment terms up to 20 years

HELOC Rate

Compare your options

  • Best if you want:

    Best if you want:

  • Maximum loan amount

    Maximum loan amount

  • Terms

    Terms

  • Origination fee

    Origination fee

  • Application fee

    Application fee

  • Closing costs

    Closing costs

Fixed-Rate Second Mortgage

  • Best if you want:

    A closed-end loan taken against your existing home, borrowing against your home's equity.

  • Maximum loan amount

    $150,000

  • Terms

    Up to 20 years

  • Origination fee

    No

  • Application fee

    No

  • Closing costs

    Lender credit towards closing costs

Home Equity Line of Credit

  • Best if you want:

    A revolving credit line using the equity in your home as collateral.

  • Maximum loan amount

    $150,000

  • Terms

    20 years

  • Origination fee

    No

  • Application fee

    No

  • Closing costs

    No closing costs

Visit our Mortgage Loan Center to see today’s rates

See mortgage loan rates

Home Equity Lines & Loans Calculators

Home Equity Lines & Loans FAQs

You can borrow up to 90% of appraised value, less balance on 1st mortgage (based on credit score).

  • Max loan amounts up to $150,000.00
  • Minimum Loan amount $10,000.00

The minimum monthly payment is $100. Payments are based on the repayment period and balance owed at the time of rate change or advance.

No. All home construction must be 100% complete to qualify for a home equity loan.

See all Home Equity Loans & Lines FAQs
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Disclosures

Available on primary and secondary residences in the state of MS, LA, AL and FL only. Membership and credit eligibility required.
1Discounted rate of 2.49% APR is for 6 months. This rate is available for borrowers with a credit score of 680 or greater.
2Example: Monthly payments are approximately $193.87 for $30,000 borrowed at 4.75% APR for 20 years.
3No closing costs on loans of $10,000 or more provided loan is not paid in full in less than 24 months from origination date.
The Home Equity Line of Credit annual percentage rate (APR) is based on the Wall Street Journal Prime Rate (the “Index”) plus a margin ranging between 0.0 and 2.0%. The Floor Rate will range from 2.75% to 7.0% APR dependent upon credit worthiness. The APR will vary quarterly but will not exceed 18% over the life of the loan. Based on the 01/01/2020 Index value of 4.75% and a typical margin of 0.0%, the formula that will be used for subsequent monthly rate adjustments would result in a current APR of 4.75%. Repayment options will vary based on creditworthiness, loan-to-value percentages, and whether the mortgage securing your line is a first or second mortgage. Acceptable property insurance is required.
Keesler Federal Credit Union
2602 Pass Road
Biloxi, MS 39531
1-888-533-7537

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