Home equity loans

For the important things in life

You work hard for your home. Why not let it work for you with a home equity loan from STCU?

The equity you've built up can finance the things you need. Low-interest home equity loans or lines of credit are available on your primary, secondary, or vacation home in Washington, Idaho, or Oregon.

Your options at a glance Home Equity Loan Home Equity Line of Credit Multi-Use Secured RE Loan
Purpose of loan anything anything anything
Current annual percentage rate current rate current rate current rate
Interest type fixed variable [1] fixed
Maximum loan to value ratio 100% [2] 100% [2] n/a
Maximum loan amount $500,000 $500,000 $10,000
Minimum loan/line $5,000 $5,000 [3] $1,000
Maximum loan term 20 years [4] 15 years 7 years [5]
Prepayment penalty none none none
[1] Rate adjusts quarterly based on the monthly average of the 6-month Treasury Bill rate (Auction High) plus a margin. The APR cannot increase more than 6% above the initial rate or the maximum permitted by law, whichever is less. The minimum APR will not be less than 6.25% at any time. [2] 100% of computed value. Maximum combined loan-to-value ratio may be different as determined by the individual creditworthiness of each applicant. [3] May be taken in draws at any time within 10 years. [4] A 20-year term would yield 240 monthly payments as low as $8.36 for each $1,000.00 borrowed. [5] A 7-year term would yield 84 monthly payments as low as $16.44 for each $1,000.00 borrowed.
The above terms apply to owner-occupied property. Equity loans and lines are not assumable. STCU terms, conditions, and rates are subject to change and limitations may apply.

Benefits and Features

*Low loan fees on all home equity loans. Get an STCU home equity loan and we'll pay for property valuation, title search, and recording. Appraisal, if required, is not included in lender paid fees. Reconveyance fee will be paid by the borrower and assessed a time of payoff. Minimum $5,000 advance at closing to qualify for lender paid fees on STCU home equity line of credit.

Automatic payments. Get a .50% APR rate discount when you set up automatic payments from an STCU checking or savings account when you get your loan. The discount applies at the time of the loan origination.

Custom-fit financing. STCU's "custom-fit" financing means that you're more likely to be approved for your equity loan, whatever your credit situation.

Tax deductible interest. The interest on these accounts may be fully tax deductible come April 15. Consult your tax adviser to see if you qualify.

Apply Today

  1. Call (509) 326-1954 or (800) 858-3750 during business hours. (NOTE: Our loan officers are available by phone until 7 p.m. weekdays at (509) 326-1954. Select the "loan option." We welcome your after-hours calls!)
  2. Stop by any of our convenient branch locations for a home loan application packet.
  3. Or Apply online right now.
STCU