Compare Home Equity Loans and Home Equity Lines of Credit.
Smart borrowing can start at home.Compare Home Equity Options
You can use the equity you have in your home to make home improvements, consolidate your debt, and make large purchases. Plus, when you have a KeyBank checking account and a KeyBank savings account, you could get a .25% interest rate discount.1 2
Find the Right Option for You
Key Equity Options® Home Equity Line of Credit (HELOC) Account 1 of 2
Continuous access to credit, based on available equity
- Revolving line of credit that uses the available equity in your home
- Low variable rates, with options to lock in fixed payment and protect against rising interest rates
- Can be used, paid off and used again
- Flexible payment options including fixed and interest-only
Home Equity Loans Account 2 of 2
A lump sum loan secured by your home and based on the amount of equity you have available
- A single distribution of funds with the maximum amount determined by your home’s appraised value
- Fixed rate and payment to protect against rising interest rates
- Set monthly payments for easy budgeting
Why Borrow With Key
- Interest rate discount
Get a .25% interest rate discount with an eligible KeyBank checking and savings account.
- Exceptional service from home lending specialists
With Key, you get a dedicated expert who answers every question, works to make sure you have the home equity solution that fits your life, and helps you every step of the way. You also get a lender you can count on long after closing.
- Convenient payment options
Make your payments quickly and easily through online and mobile banking, by phone or mail, with recurring automatic payments, or in a branch.
- Secure online & mobile banking
Sign on for 24/7 account access to make payments, transfer money, check balances, and view your statements online.
- Key Financial Wellness Review®
In just 30 minutes, an experienced banker will help you see where your finances stand and show you how to reach your financial goals. Schedule an appointment.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees and terms are based on those offered as of the date of application and are subject to change without notice.
To receive the 0.25% interest rate discount, borrower or members of borrower’s household must have an eligible checking AND savings account with KeyBank. A borrower’s household includes individuals and organizations that share an address and/or a familial or business relationship with the borrower. An eligible checking account includes those consumer deposit accounts designated as checking accounts by KeyBank or the KeyBank Hassle-Free Account®. An eligible savings account includes those consumer deposit accounts designated as savings accounts by KeyBank, health savings accounts, certificates of deposit, individual retirement accounts or investment accounts offered through Key Investment Services LLC (KIS).* A business checking or savings account where the borrower is designated as the business owner may also be eligible. Borrower may open eligible KeyBank accounts to qualify for the interest rate discount. Normal checking and savings account service charges apply. Refer to specific checking or savings account disclosures for details.
For ﬁxed-rate mortgages and home equity loans, the 0.25% interest rate discount is a permanent rate reduction that will be reﬂected in the Promissory Note interest rate. For adjustable-rate mortgages, the 0.25% interest rate discount will apply to the initial ﬁxed interest rate period and will be reﬂected in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note. For home equity lines of credit, the 0.25% interest rate discount will be applied to the margin, thereby reducing the applicable variable annual percentage rate (consisting of applicable index plus margin) for the duration of the line of credit.
Interest rate discount may not be available for all products. May be combinable with other offers. Ask us for details.
For Home Equity Line of Credit:
Reimbursement of Lender Paid Costs: If you voluntarily close your line of credit within 36 months of the date you sign the agreement, you will reimburse KeyBank for bona fide fees it paid to third parties on your behalf in connection with the account opening and as provided in your Agreement.
For Home Equity Loan:
Reimbursement of Lender Paid Costs: If you voluntarily prepay your loan in full within 36 months of the closing date, you will reimburse KeyBank for bona fide fees it paid to third parties on your behalf in connection with the loan closing and as provided in your Promissory Note.
All credit products are subject to credit approval.
New York residents, please see our table of common residential mortgage servicing fees.
KeyBank bankers are listed on the Nationwide Mortgage Licensing System and Registry as part of the Secure and Fair Enforcement for Mortgage Licensing Act.
Investment products made available through KIS are:
KIS and KeyBank are separate entities, and when you buy or sell securities you are doing business with KIS and not KeyBank.
Key.com is a federally registered service mark of KeyCorp.
what is home equity? choosing a home equity loan or a HELOC.
Home equity is the value you own in your home, and you can borrow against it with a low-interest loan or line of credit.