Use the Red Key®, Get Our Best Rate
Relationships matter. We’re glad to be part of your financial journey, and it’s our goal to help you reach yours. So when you need a mortgage, home equity loan or home equity line of credit, we’re here to help with the service you expect and special discounts to keep you on track.
- Easy to Qualify. Qualify just by having a KeyBank checking and a KeyBank savings account.
- Many Uses. Apply your discount to mortgages, home equity loans or home equity lines of credit (HELOC).
- Significant Savings. For KeyBank clients, a 30-year fixed-rate mortgage of $300,000 with a market interest rate of 4.00% can be discounted to 3.75%. Over the life of the loan, that really adds up — to a savings of $15,444.3
Get Your .25% Interest Rate Discount1 2
Contact us. We’ll walk you through your options. With your rates, terms and benefits in hand, you’ll have everything you need to take the next step.
See Today’s Best Rates, Especially for ClientsJanuary 2019 See Today’s Best Rates, Especially for Clients
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 home lending products. Only home equity loans and home equity lines of credit may be combined with one other eligible discount. 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.
This example is provided for illustrative purposes only to show possible savings. It does not constitute a commitment to lend on the terms listed, nor does it reflect the current mortgage interest rate offered by KeyBank. Your actual total savings may vary.
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.