Home Equity Line of Credit Image

Home Equity Line of Credit

your potential is open-ended

An Execuline home equity line of credit is a loan that allows you to use the equity in your house to establish an open-end line of credit.

Capitol Federal's Home Equity Lines of Credit:

  • 7-year draw term with a 10-year repayment term
  • Minimum monthly payment is greater of $50 or 1.5% of principal balance during the Draw Term. Amortizing payments during the repayment term
  • Interest accrues only on the amounts you borrow, and at favorable rates
  • No closing costs* and NO POINTS**
  • Borrow up to 90% of the current market value of your home, less any outstanding mortgage balance (subject to maximum loan amounts)
  • Convenient monthly statements that show all transactions and provide complete financial information, including your payment

4 easy ways to access your line of credit:

  • By checks
  • By Visa® access card
  • By True Blue Online® transfer from a CapFed® checking account
  • By cash advances at any CapFed location

Capitol Federal® also offers an interest only line of credit option that can be used as a swing or bridge loan to assist with the down payment on the purchase of a new home.  Monthly payments are interest only and the loan term is 12 months.

You may download an Execuline Percent of Balance Line of Credit application or download an Execuline Interest Only Line of Credit application, if you wish to apply by mail or in person at a Capitol Federal branch location.

Fax completed applications to 785-270-6024. 

* Appraisal may be required and at owner’s expense if: 1) county appraisal not sufficient for loan amount request or 2) depending on Loan-to-Value (LTV).

** No closing costs on percent of balance Execuline Home Equity Line of Credit. 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 Execuline is 4.250% as of June 27, 2016, with a maximum of 18.000% and a minimum of 4.000%. All loans subject to credit approval.

Loan information is subject to change.  Certain restrictions apply.

Apply Online

Complete a CapFed® mortgage application online.

Apply Now

Contact a local mortgage consultant to help you.

Find Loan Professional
Visa® Purchase Alerts image

get notified of transactions in real-time

Sign up to participate in Visa® Purchase Alerts and establish specific alert triggers for any qualified Visa® transaction meeting your criteria. Alerts are real-time, and an email will be generated within seconds to the email address you provide. 

Transaction alerts include:

  • Purchase thresholds
  • International transactions
  • Card absent transactions, such as internet and phone transactions
This service is available to all True Blue® Direct debit cardholders, Execuline Visa® cardholders and True Blue® Money cardholders at no charge.

Keep your account secure and track spending for greater control.


More on Purchase Alerts Enroll Your Card
Home Equity Image

Home Equity Loan Rates

See today's home equity loan rates and available terms.

Rates
Pre-Authorized Transfer Image

Let Us Do It For You

Save time and let us auto-deduct your loan payments with pre-authorized transfers.  

Learn More
Mortgage Rate Update Image

Sign Up for Rate Updates

Sign up to receive bi-weekly rate update emails and learn more about CapFed® home loan products.
 

Sign up for Rates
Capitol Agency Home Insurance Image

Capitol Agency Insurance

Find an insurance policy that’s perfect for you, with the same great True Blue® service you’ve come to trust.

Learn More