Home Equity Loans at Suncoast

Mortgage loans are originated by Suncoast Credit Union and are subject to subject to credit union membership and approval, credit approval, verification, and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. ARM Products have an initial period with a fixed rate, then a variable rate that can increase or decrease annually for the rest of the term.

 

Equity Line of Credit

• Competitive interest rates and flexible terms.
• Suncoast pays up to $1,000 toward closing costs. If the home equity loan/line is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff. The loan term begins with the first payment due date of the loan.
• Up to 100% loan-to-value available for qualified borrowers.
• No Annual or Transaction Fees. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Annual Percentage Rate may vary over time.
• Adjustable Rate Details: Adjustable rates are subject to an increase in rate and payment after the loan is closed. The annual percentage rate can change quarterly on the first day of January, April, July and October. The rate cannot increase or decrease more than .50% percentage point at each adjustment. The maximum annual percentage rate shall not exceed 18%. The annual percentage rate will not go below the greater of 4.0%; which is considered the floor for the Equity Line of Credit (80% or less HCLTV) or 5.50% for the High LTV (greater than 80%) Equity Line of Credit. The index is the Wall Street Journal Prime Rate.
• LTV's from 80.01% - 100% may qualify for our High LTV Equity Line of Credit product. Rate will be higher than the standard Equity Line of Credit.
• Loans available on primary residences in Florida only with homestead
• Typical closing costs range from $300 to $1900. Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

 

Home Equity 5 Years

• Competitive interest rates and flexible terms.
• Suncoast pays up to $1000.00 towards closing costs. If the home equity loan/line is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff. The loan term begins with the first payment due date of the loan.
• Up to 100% loan-to-value available for qualified borrowers.
• No Annual or Transaction Fees.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Fixed Rate Details: Principal and interest payments remain the same throughout the term of your loan. Additional advances available during the first 36 months of the loan term. Not to exceed the original mortgage amount.
• LTV's from 80.01% - 100% may qualify for our High LTV (Loan-To-Value) Home Equity product. Rate will be higher than standard Home Equity product.
• Loans available on primary residences in Florida only with homestead.
• Typical closing costs range from $300 to $1,900. Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

 

Home Equity 10 Years

• Competitive interest rates and flexible terms.
• Suncoast pays up to $1000.00 towards closing costs. If the home equity loan/line is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff. The loan term begins with the first payment due date of the loan.
• Up to maximum 100% loan-to-value available for qualified borrowers.
• No Annual or Transaction Fees.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Fixed Rate Details: Principal and interest payments remain the same throughout the term of your loan. Additional advances available during the first 36 months of the loan term. Not to exceed the original mortgage amount.
• Loans available on primary residences in Florida only with homestead.
• Typical closing costs range from $300 to $1900. Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

 

Home Equity 15 Years

• Competitive interest rates and flexible terms.
• Suncoast pays up to $1000.00 towards closing costs. If the home equity loan/line is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff. The loan term begins with the first payment due date of the loan.
• Up to 80% loan-to-value available for qualified borrowers.
• No Annual or Transaction Fees.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Fixed Rate Details: Principal and interest payments remain the same throughout the term of your loan. Additional advances available during the first 36 months of the loan term. Not to exceed the original mortgage amount.
• LTV's from 80.01% - 100% may qualify for our High LTV (Loan-To-Value) Home Equity product. Rate will be higher than standard Home Equity product.
• Loans available on primary residences in Florida only with homestead.
• Typical closing costs range from $300 to $1900. Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

 

Home Equity 20 Years

• Competitive interest rates and flexible terms.
• Suncoast pays up to $1,000 toward closing costs. If the home equity loan/line is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff. The loan term begins with the first payment due date of the loan.
• Up to 100% loan-to-value available for qualified borrowers.
• No Annual or Transaction Fees.
• Interest Paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Annual Percentage Rate may vary over time.
• Adjustable Rate Details: Adjustable rates are subject to an increase in rate and payment after the loan is closed. The annual percentage rate can change quarterly on the first day of January, April, July and October. The rate cannot increase or decrease more than .50% percentage point at each adjustment. The maximum annual percentage rate shall not exceed 18%. The annual percentage rate will not go below the greater of 4.0%; which is considered the floor for the standard 20 year Home Equity Variable Rate Loan or 5.50% for the High LTV (greater than 80% LTV) 20 year Home Equity Variable Rate Loan. The index is the Wall Street Journal Prime Rate.
• LTV's from 80.01% - 100% may qualify for our High LTV 20 year Home Equity Variable Rate Loan product. Rate will be higher than the standard Home Equity Variable Rate Loan product.
• Loans available on primary residences in Florida only with homestead
• Typical closing costs range from $300 to $1900. Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.