Home Equity - Put Your Home To Work For You

Maybe it's time you got something more out of your house. With a Capitol Federal Home Equity Loan, you have money for what you want when you want it. You can get a Capitol Federal Home Equity Loan no matter where you have your first mortgage. Borrow against the equity in your house for home improvements, bill consolidation, a new car, a college education or almost anything else - it's your decision. You'll enjoy a low rate, the interest is usually tax deductible*, and your loan always stays with us. Plus you'll get the personal service that's a True Blue tradition at Capitol Federal. For current rates, click here.

Apply Online

Capitol Federal offers Home Equity Loans online. We offer easy to understand explanations on the site for any question that may arise during your application process.

Execuline

- is a loan that allows you to use your equity to establish an open-end line of credit.

• Monthly payment amount is 1.5% of the principal balance (Percent of Balance Execuline).
• Interest accrues only on the amounts you borrow, and at favorable rates.
• No closing costs and NO POINTS.**
• Borrow up to 95% of the current market value of your home, less any outstanding mortgage balance (maximum loan amount is $100,000)
• No prepayment penalties
• Access your line of credit by checks, VISA access card or cash advances available at any convenient Capitol Federal location
• Convenient monthly statements that show all transactions and provide complete financial information, including your payment

Capitol Federal also offers an Interest Only Execuline that is available for temporary financing purposes including the purchase of a new primary residence or home improvements for the purpose of selling your current home.

Home Improvement

With our Home Improvement Loan, you can borrow up to 95% of the current market value of your home, less any outstanding mortgage balance. You may use your Home Improvement Loan for remodeling, room additions, repairs and many other improvements. You don't have to obtain multiple contractor bids, escrow funds or wait for periodic inspections on completed work. Simply show us what you want to do and how you plan to do it - it's that easy.

Conventional Home Equity

For those who prefer a more traditional home equity loan, Capitol Federal offers a fixed-rate, fixed-term option. You can borrow up to 95% of the current market value of your home, less any outstanding mortgage balance.*** You'll get a competitive rate with terms to fit your financial needs.

Ask About A Home Equity Loan Today

Capitol Federal Home Equity Loans - money for what you want, when you want it. One of our loan representatives will be happy to meet with you to answer questions and help you determine which home equity loan would best suit your needs. Stop by any of our convenient True Blue Capitol Federal locations today.

* Interest may be tax deductible. Please consult your tax advisor regarding the deductibility of interest.

** No closing costs on percent of balance Execuline Home Equity Loans. You must carry insurance on the property that secures this loan. Certain restrictions apply. Annual percentage rate (APR) may vary. The APR for an 80% Loan-to-Value (LTV) Percent-of-Balance Execulines is 5.000% as of October 9, 2008 , with a maximum of 18% and a minimum of 5%. All loans subject to credit approval.

*** Assuming a $25,000 loan, 80% LTV loan, and an APR of 7.256% (effective as of July 9, 2008), you would be required to make 240 monthly payments of approximately $198.