Home Improvement Loans

Home Improvement 5 Year Signature Loan

• No equity in property required.
• Documentary Tax in the amount of .35 cents per $100.00 of the limit amount as collected and paid to the State of Florida.
• Maximum loan amount $10,000.

Home Improvement 10 Year Signature Loan

• No equity in property required.
• Documentary Tax in the amount of .35 cents per $100.00 of the limit amount as collected and paid to the State of Florida.
• Maximum loan amount $10,000.

Home Improvement Secured 5 Year

• Credit Union pays up to $1,000.00 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.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• No Annual or Transaction Fees.
• Maximum LTV is 133%
• 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.
• Lower standard Home Equity and High LTV Home Equity Loan rates available for LTV's of 100% or less.
• Loans available on primary residences in Florida only with homestead.

Home Improvement Secured 10 Year

• Credit Union pays up to $1000.00 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.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• No Annual or Transaction Fees.
• 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.
• Maximum LTV is 133%.
• Lower standard Home Equity and High LTV (80.01-100%) Home Equity Loan rates available for LTV's of 100% or less.

Home Improvement Secured 20 Year

• Credit Union pays up to $1,000.00 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.
• Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
• Loans available on primary residences in Florida only with homestead.
• Annual Percentage Rate is variable and will change over time.
• Maximum interest rate is 6% above initial rate. Subject to 5.50% floor. 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 .5% percentage point at each adjustment.
• Maximum LTV is 133%
• 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.

The maximum amount for Suncoast’s 5 and 10 Year Signature Home Improvement Loans is $10,000.

The maximum amount for Suncoast’s 5 and 10 Year Secured Home Improvement Loans is $100,000.

There is a Documentary Tax of .35 cents per $100.00 of the limit amount as collected and paid to the State of Florida for our 5 and 10 Year Signature Home Improvement Loans.

Our 5, 10, and 20 Year Secured Home Improvement Loans are available on primary residences in Florida only with homestead.

Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

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.

Typical closing costs range from $300 to $1,900.

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 5.50%; which is considered the floor for the Secured 20 year Home Improvement. The index is the Wall Street Journal Prime Rate.