Program provides affordable financing options for various needs
KeyBank has announced its Key Opportunities Home Equity Loan program has funded over $10 million in loans since its launch in March 2023.
The program, designed to boost affordability, provides homeowners with fixed-rate financing options for various purposes, including refinancing, debt consolidation, and home improvements. According to its release, KeyBank’s program offers no origination fees and first or second-lien loan options up to $100,000.
“This milestone involving the Key Opportunities Home Equity Loan Program reflects KeyBank’s steadfast and holistic commitment to helping clients at every stage of homebuying and homeownership,” said Dale Baker, president of home lending at KeyBank. “We are excited to continue to work to reduce the barriers of homeownership through responsible lending products and services, educational support, and direct investment into the diverse communities we serve.”
The Key Opportunities program is one of three special-purpose offerings from KeyBank. Its Home Buyer Credit and Neighbors First Credit programs provide up to $5,000 in closing cost assistance for eligible borrowers. These programs have collectively funded over $2 million in credits, aiding hundreds of clients in reaching their homeownership goals.
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“Sustainable homeownership is a wealth-building tool that can help families and neighborhoods grow and thrive,” said Rachael Sampson, head of community banking for KeyBank’s consumer bank. “While our work is not done, this $10 million milestone with our Key Opportunities Home Equity Loan program reflects the significant progress we’ve made and our dedication to reaching and helping clients across our communities.”
KeyBank was established in Albany, New York, and boasts a history of around 200 years. Its headquarters are in Cleveland, Ohio and it had approximately $188 billion in assets at the end of last year.
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