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Upgrade your home & stay on track financially

Whether you're making improvements, refinancing, or buying a home, with the right borrowing options, you can achieve your goals and keep making financial progress.

  • Apply for just the amount of money you need, so you don't overextend your budget.
  • Plan your budget around a repayment plan that works for you.
  • The interest you pay on your loan could be tax deductible.*

How do you want to accomplish your goals?

Use Home Equity

Use your home's available equity to save money by refinancing, or to fund major improvements, like additions, updated kitchens and bathrooms to increase your enjoyment in your home - and its value.

Open a Key Equity Options® Home Equity Line of Credit

  • Revolving line of credit, so you can use, repay and use it again
  • 15 year draw period gives you plenty of time to plan and pay for your projects
  • Variable rates with flexibility to lock in three fixed rates to avoid rising interest rates
  • Choose fixed rate or interest only payment options, so your payments work for your budget

Apply by June 30 for:

  • Interest rates as low as 3.85%1
  • No annual fee for the life of the line when additional requirements are met
Apply Now Rates & Fees

Open a Key Home Equity Loan

  • Fixed rates with fixed payments for the life of the loan, so you can budget without surprises and protect against rising interest rates
  • One time distribution of funds

Apply by June 30 for:

  • Interest rates as low as 4.60%2
  • No origination fee when additional requirements are met
Apply Now Rates & Fees

Make home improvements with a no collateral loan

A fast and simple way to get the money you need for improvements like new landscaping, a driveway, walkway or patio, energy-efficient windows, or repairs and updates.

Open an unsecured home improvement loan

  • No equity or collateral required
  • Loans start at $5,000
  • Fixed, flexible payment options

Apply by June 30 for:

  • No origination fee when additional requirements are met3
  • Repayment terms up to 84 months on loan amounts of $20,000 or more
Apply Now Rates & Fees

Buy or refinance a home

When you’re ready to buy a home, or refinance your mortgage, we’re here to help you find the right solution. You’ll work with a dedicated mortgage loan officer who will learn about your needs and your goals to guide you through the process, step by step.

Get a mortgage

  • Affordable mortgages including 100% financing and no PMI (Private Mortgage Insurance)
  • High value mortgages and an exclusive program for Key Private Bank clients
  • Competitive fixed and adjustable rate options for purchase and refinance
  • Cash out refinancing lets you convert your home equity into available funds

Consider your options

When you take out a mortgage or a home loan or line of credit, there’s a lot to think about. Talk to us, and we’ll work to find an option that will keep your plans moving and your financial goals on track.

Schedule an Appointment

Disclosures

Offers available on applications submitted 4/1/18 to 6/30/18. Home Equity Line of Credit, Home Equity Loan, and Unsecured Home Improvement Loan offers cannot be combined with any other offers. Other restrictions may apply. All credit and loan products are subject to credit approval.

*

Consult your tax adviser regarding the deductibility of interest.

1

For Home Equity Lines of Credit in first lien position, the promotional variable rate of 3.85% APR is based on The Wall Street Journal Prime Rate (Prime) and is as low as Prime minus 0.90% (Prime Rate is 4.75% as of 03/22/2018) and inclusive of a 0.15% Key Privilege Select relationship discount. The promotional variable rate excluding the Key Privilege Select relationship discount is 4.00%, or Prime minus 0.75%. For Home Equity Lines of Credit in second Lien position, the promotional variable rate of 4.35% APR is based on the Wall Street Journal Prime Rate (Prime) and is low as Prime minus 0.40% (Prime Rate is 4.75% as of 3/22/18) and inclusive of a 0.15% Key Privilege Select relationship discount. The promotional variable rate excluding the Key Privilege Select relationship discount is 4.50%, or prime minus 0.25%. Your actual rate will be determined by product and credit qualifications. Rates may not exceed a maximum of 18.00% APR. The promotional variable APR is subject to change without notice.

To receive the promotional variable rate and have the annual fee waived for the life of the line, borrower must meet credit qualifications for the offer, be approved and close the line with a minimum amount of $25,000, and establish Automatic Payment Deduction (ACH transfers) at the time of account opening. Key to Key refinances (excluding end of draw Home Equity Lines of Credit refinancing with an application received within 1 year of the current end of draw date), line increases, modifications, the High Value Key Equity Options product, and the Small Business High Value Key Equity Options product are not eligible for this offer. KEO Fixed Rate Options not eligible for this offer. THIS IS NOT A FIXED RATE OFFER.

NOTE: Borrowers who do not meet credit qualifications for the promotional variable rate offer may still qualify for the annual fee waiver if they approve and close the line with a minimum amount of $25,000 and establish Automatic Payment Deduction (ACH transfers) at the time of account opening.

Hazard and, if applicable, flood insurance is required on collateral property. Certain collateral restrictions apply. For lines above $500,000, title insurance may be required (cost ranges from $12.50 to $2,859.00). Lines above $250,000 secured by real property in NY pay mortgage tax ranging from $0.50 to $2.80 per $100 of total line amount. All lines secured by real property in FL pay documentary stamp tax of $0.55 per $100 of total line amount. Up to three fixed rate options are available. A fee of $50.00 applies for each fixed rate option advanced.

REIMBURSEMENT OF LENDER PAID COSTS: IF YOU VOLUNTARILY CLOSE YOUR LINE OF CREDIT AND TERMINATE YOUR ACCOUNT WITHIN 36 MONTHS OF THE DATE YOU SIGN THE AGREEMENT, YOU WILL REIMBURSE KEY FOR BONA FIDE FEES IT PAID TO THIRD PARTIES ON YOUR BEHALF IN CONNECTION WITH THE OPENING OF YOUR ACCOUNT. THESE FEES MAY INCLUDE COSTS OF APPRAISAL, TITLE, FLOOD AND, IF APPLICABLE, MORTGAGE TAX. ADDITIONAL INFORMATION IS PROVIDED IN THE FINANCIAL INFORMATION DISCLOSURE IN YOUR APPLICATION KIT. THE AMOUNTS ALSO WILL BE ITEMIZED IN YOUR KEY EQUITY OPTIONS AGREEMENT. THIS PROVISION WILL NOT APPLY TO THE EXERCISE OF ANY APPLICABLE RIGHT TO CANCEL OR RESCIND UNDER THE FEDERAL TRUTH IN LENDING ACT OR REGULATION Z.

2

For Home Equity Loans in first lien position, the promotional fixed rate of 4.60% APR includes a 0.15% discount for a Key Privilege Select relationship (the promotional fixed rate without the Key Privilege Select relationship discount is 4.75%) and requires a minimum loan amount of $50,000 with a term of 240 months, or 20 years. For Home Equity Loans in second lien position, the promotional fixed rate of 5.10% APR includes a 0.15% discount for a Key Privilege Select relationship (the promotional fixed rate without the Key Privilege Select relationship discount is 5.25%) and requires a minimum loan amount of $50,000 with a term of 240 months, or 20 years. The promotional fixed APR is subject to change without notice.

To receive the promotional fixed rate and the origination fee waiver, the borrower must meet credit qualifications for the offer, be approved and close the loan with a minimum amount of $50,000 and a loan term of 20 years, and establish Automatic Payment Deduction (ACH transfers) at the time of account opening.

NOTE: Borrowers who do not meet credit qualifications for the promotional fixed rate offer may still qualify for the origination fee waiver if they approve and close the loan with a minimum amount of $50,000 loan and establish Automatic Payment Deduction (ACH transfers) at the time of account opening. High Value and Non Owner Occupied Home Equity Loans are not eligible for this offer. Key to Key refinances and specialty home improvement loan programs (Eco Link, HELP, and Heritage) are not eligible for this offer.

Typical loan payment examples are as follows: If you borrow $10,000 secured by an owner occupied home, for 60 months at 4.75% APR, the monthly payment would be $187.57 or If you borrow $10,000 secured by an owner occupied home, for 60 months at 5.25% APR, the monthly payment would be $189.86. Non-owner occupied financing is also available.

Hazard and, if applicable, flood insurance is required on collateral property. Certain other collateral restrictions apply. Loans above $500,000.00 secured by owner occupied real estate pay title insurance premium from $12.50 - $2,859.00. Loans above $250,000.00 secured by real property in NY or FL pay mortgage tax and doc stamps. A closing fee of $100 - $400 may apply if closing is performed by a closing agent.

REIMBURSEMENT OF LENDER PAID COSTS: If you voluntarily prepay your loan in full and terminate your account within 36 months after you sign the Note, you will reimburse Key for bona fide fees it paid to third parties on your behalf in connection with the opening of your account. These fees may include costs of appraisal, title, flood and, where applicable, mortgage tax. The fees are shown as itemized estimates on your Loan Estimate provided to you within three (3) days of your application, as final itemized amounts on your Closing Disclosure sent to you at the time of final loan approval and as itemized amounts in your Fixed Rate Note. This provision will not apply to the exercise of any applicable right to cancel or rescind under the federal Truth in Lending Act or Regulation Z, or if the term of the loan is 36 months or less.

3

For qualifying applications, KeyBank will waive the $125 origination fee when ACH payments are setup. Normal checking or savings account service charges apply. For loan terms greater than 60 months, KeyBank will add 0.25% to the stated APR. If the loan is paid off in the first 18 months, there will be a $150.00 Early Termination Fee for prepayment. As an example, if you borrow $15,000 for 60 months and qualify for Key’s average “As Low As” rate, the final rate could be “As Low As” 6.99% APR and a monthly payment of $296.95. The example APR includes a 0.25% discount for electing to have your monthly payments automatically deducted from a KeyBank checking or savings account, plus waiver of the $125 origination fee. Key to Key refinances, specialty home improvement loan programs (Eco Link, HELP, and Heritage), Increases and Modifications are not eligible for this offer.

To apply for an Unsecured Home Improvement Loan, you must: (1) Be 18 years of age or older; (2) Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA; (3) Agree to provide additional personal and business information, if requested, such as tax returns and financial statements; (4) Certify that all information submitted in the application is true and correct; (5) Authorize the bank and/or a credit bureau to investigate the information on the application.

To apply for a Home Equity Line of Credit or Home Equity Loan, you must: (1) Be 18 years of age or older; (2) Live within any one of the United States except the following: AL, AZ, CA, DC, NV, TX; (3) Agree to provide additional personal and business information, if requested, such as tax returns and financial statements; (4) Certify that all information submitted in the application is true and correct; 5) Authorize the bank and or a credit bureau to investigate the information on the application.

NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. Information and offer are subject to change without notice. All loans are subject to credit and collateral approval. Not all loans or products are available in all states. NMLS#399797