Home Equity Loans

What would you do if you could use the equity in your house for purchases? Home improvements, debt consolidation, a new car? It’s up to you. You can even get a Capitol Federal Home Equity Loan no matter where you have your first mortgage. You'll enjoy a low rate, the interest is usually tax-deductible*, and your loan always stays with us.

Home Equity for 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 (subject to program maximum loan amount).***

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

** For improvements only, not for rehabilitation projects.

***Assuming a $25,000 loan, 80% Loan-to-Value (LTV) loan and an APR of 6.250% (effective as of April 15, 2015), you would be required to make 240 monthly payments of approximately $183.