Home Equity Loans & Lines

  • Maximum Draw Period – 5 years
  • Maximum Loan Term – 20 years

Payments are always due on the 15th of the month.

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

  • Rate = Prime Rate + a margin (based on the member credit score)
  • Rate can adjust quarterly (January, April, July and October)
  • Max interest rate can go as high as 18%

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

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.

Mortgage Loans

10 to 30 years.

  • VA
  • Conventional
  • Home Free
  • Home Time ARM
  • 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.

Member Contact Center

Hours (CST)

Mon-Fri: 5:00am – 7:00pm
Sat: 8:00am – 1:00pm

Call Us

Call us at: 00-800-8900-9000
or from Finland at: 990-800-8900-9000

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