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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Academy Bank HELOC

in Home Equity Lines of Credit from Academy Bank, N.A.

Last Updated: 04/18/2025

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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

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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

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.