Home equity loans

Fixed rate loans and variable rate lines of credit

Express your own style and identity with a home equity loan from STCU. Use the equity you've built up in your home to finance the things you need at a great rate! 

As low as 3.74% fixed APR*

Competitive rates. Three ways to apply.

  • Loans and lines of credit available on your primary, secondary, or vacation home in Washington, Idaho, and Oregon.
  • Interest may be deductible (consult your tax adviser).
  • Custom-fit financing.

The possibilities for your home equity loan are endless...

Build a dream kitchen
Plan a wedding
Pay off high-interest debt
Finance college 
Take a vacation 
Buy a new vehicle or boat 
Furnish a nursery or living room 
Add a swimming pool or roof 
And more!

 
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 95% [2] 90% [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] Percentage 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. A fee of $150 will be assessed for the subordination of STCU’s lien position to another lender. 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 at 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 now

  1. Call (509) 326-1954, (208) 619-4000, or (800) 858-3750 during business hours. (NOTE: Our loan officers are available by phone 7:30 a.m. until 6 p.m. weekdays.)
  2. Stop by any of our convenient branch locations for a home loan application packet.
  3. Or Apply online right now.
 
*APR=Annual Percentage Rate. Stated rate effective April 27, 2009, and subject to change. Rate includes a .50% discount for automatic payment from an active STCU share or share draft account and a .25% discount for having an STCU Visa® Credit Card in good standing. Rate applies to new loans or STCU refinances with additional $10,000 borrowed. Other rates and terms may apply depending on creditworthiness, loan term, and combined LTV. Maximum loan amount not to exceed $500,000.
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National Credit Union Administration