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Last Updated: 04/18/2025

Academy Bank HELOC

from Academy Bank, N.A.

Last Updated: 04/18/2025

Rating not yet determined4 total votes

3 users recommend

1 users don't recommend

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Highlights

Credit Score Range

N/A

Amount Range

$10,000 - $350,000

Maximum LTV

85%

Minimum Draw

N/A

Loan Term (Years)

N/A

Academy Bank HELOC Review

Academy Bank HELOC is offered by Academy Bank, N.A. (NMLS #716627), a bank founded in 1966 and based in Kansas City, MO. Academy Bank HELOC are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. Academy Bank HELOC does not offer financing for vacation homes or investment properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. Academy Bank HELOC has a maximum loan to value ratio of 85%.

Academy Bank HELOC Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Academy Bank HELOC FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $350,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 85%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $65k in credit.

What are the terms for Academy Bank HELOC?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

Academy Bank HELOC offers a draw period of up to 10 years

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Academy Bank HELOC charge for a HELOC?

Academy Bank HELOC may charge an origination fee.

What types of property can you use as security for a HELOC with Academy Bank HELOC?

Academy Bank, N.A. may consider HELOCs secured by the following property types:

Primary residences

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Message from Academy Bank HELOC

Get the cash you need when you need it. A home equity line of credit, or HELOC, is a type of loan where a lender agrees to lend a maximum amount of funds within a determined period, where the collateral is the borrower's home equity. With a home equity line of credit, you can access as little or as much of your credit line as you like and use the funds for whatever you need—a kitchen remodel, debt consolidation, education expenses, major purchase, a financial reserve for unexpected expenses, and more.

Contact

Headquarters

8551 N Boardwalk Avenue

Kansas City, MO 64154

(866) 868-9141

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

8:00AM - 7:00PM

Tuesday

8:00AM - 7:00PM

Wednesday

8:00AM - 7:00PM

Thursday

8:00AM - 7:00PM

Friday

8:00AM - 7:00PM

Saturday

9:00AM - 5:00PM

Other Services by Academy Bank, N.A.

Credit Cards

2 products

Rating not yet determined (2 Reviews)

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

+50

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Academy Bank HELOC Community Reviews

Would you recommend Academy Bank HELOC to your friends?

Kerri S.

Jul 17, 2021

May or may not recommend

They stole my child tax credit money yesterday and now my child and I will suffer greatly.

Anthony F.

Apr 22, 2021

May or may not recommend

I really love your costumer service. They were so helpful and concerned about my concerns. I highly recommend your services to anyone who's interested in a company that values their clients. Thank you for an awesome job with my enquiries

Chijioke O.

Jan 14, 2021

May or may not recommend

You guys are very reliable and awesome. Customer service is great. All-round financial services are fabulous. Whenever I had to call I got the answer right away … So far, You're just about the right plug in the field .

Constance C.

Dec 18, 2020

May or may not recommend

The bank's information about its HELOC is one of the best financial services on the market. They allow you to borrow as much as you need depending on your property value and how much you owe. What more, you can borrow as much as you want by writing a check or using a credit card attached to the account. It's just that easy. I would definitely recommend them to all ...Show More

Showing 4 of 4 reviews