Clay County Savings Bank offers both a home equity line of credit (HELOC) and a closed-end home equity loan. With either of our low-cost programs, the possibilities are endless:

Home improvements
New car
Educational expenses
Debt consolidation
New boat

HELOCOur HELOC program provides you with a revolving line for a 5-year draw period followed by a 10-year repayment period. Interest rate is as low as prime* on HELOCs $150,000 and over.

Lines of credit are available up to 80% loan-to-value (LTV). 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).

TermInterest RateAnnual Percentage Rate (APR)
15 years8.00%8.00%
Interest rates, annual percentage yields and annual percentage rates quoted above are as of March 17, 2023, and are subject to change without notice. APR based on a loan amount of $25,000. Variable rate of interest with a floor of 4.75%.

Interest rate adjusts to prime + 1/4%. 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). Please call Clay County Savings Bank's loan department, (816) 781-4500, during normal business hours for current interest rates on loans.
*Interest rate varies depending on loan amount and whether Clay County Savings Bank holds all prior liens. Floor rate of 4.75% applies on HELOC, if Bank holds all prior liens or there is no prior lien, and floor rate of 5% on all other HELOCs. Up to $200 in third-party closing costs are covered for qualifying loans $25,000 and over ($10,000 and over if Bank holds all prior liens). Extraordinary closing costs are not covered. Typical third party closing costs include title search, flood certification fee, credit report and recording fees. Appraisal or evaluation, if required, is to be paid by borrower.