The Closed-End Home Equity Loan is designed for homeowners who need to borrow for a single project or purpose, such as home improvements or debt consolidation, but want to spread the payments over a long-term period of time. In many cases, interest paid on these loans is tax deductible.

The Clay County Savings Bank Closed-End Home Equity Loan offers a fixed-rate for a term up to 10 years, providing set payments for a specific timeframe. This provides borrowers the certainty of knowing their monthly payment and when the loan will be fully paid.

Closed-End Home Equity Loans  are available up to 80% loan-to-value. There are no origination fees and Clay County Savings Bank will pay up to $200 in third party closing costs for qualifying loans*. Also, the interest paid is usually tax deductible (please consult your tax advisor).

Is the Closed-End Home Equity Loan right for you? Our experienced loan officers are available to answer your questions about choosing the right loan to meet your needs. For more information, contact us online or call us at (816) 781-4500.

Term Interest RateAnnual Percentage Rate (APR)
Closed-End Home Equity5.000%5.014%
Interest rates, annual percentage yields and annual percentage rates quoted above are as of March 18, 2020, and are subject to change without notice. Please call Clay County Savings Bank's loan department, (816) 781-4500, during normal business hours for current interest rates on loans. Fixed-rate of interest for a term up to 10 years. No origination fees. Bank will pay up to $200 in typical 3rd party closing costs (excludes appraisal or evaluation) on loans $25,000 and over ($10,000 and over, if Clay County Savings Bank holds all prior liens or there is no other prior lien). APR based on a loan amount of $25,000.