Home equity loanHome equity line of credit
Variable annual percentage rate N/A As low as 9.24% APR (see #2)
Fixed annual percentage rate As low as 8.24% APR
(see #1)
As low as 8.24% APR for fixed advances
(see #6)
Loan costsBorrower paysSTCU pays (see #5)
Maximum loan to value ratio100%, see #3 below90%, see #3 below
Maximum loan term 20 years (see #4) 30 years
Prepayment penaltyNoneNone

Notes

  1. Other rates and terms may apply as determined by the individual creditworthiness of each applicant. Other rates and terms may also apply as determined by loan term (longer than 5 years) and loan-to-value (over 80%). Existing STCU home equity loans are also subject to a 1% refinance fee or $100, whichever is greater.
  2. May be taken in draws at any time within 10 years. Other rates and terms may apply as determined by the individual creditworthiness of each applicant. Rate adjusts monthly based on the Wall Street Journal (WSJ) Prime Rate plus a margin. Maximum APR is 18%.
  3. For the Home Equity Loan the maximum loan-to-value is 100% of computed value. For the Home Equity Line of Credit the maximum loan-to-value is 90% of the computed value. Maximum loan-to-value ratios may be different as determined by the individual creditworthiness of each applicant.
  4. For example, a 20-year term would yield 240 monthly payments as low as $7.31 for each $1,000 borrowed. Payments do not include taxes and insurance premiums. If applicable, the actual payment obligation may be greater.
  5. STCU pays fees (excluding appraisal fee, if applicable). Reconveyance fee will be paid by the borrower and assessed at time of payoff.
  6. During the Advance Period, you may elect to "lock in" or convert a portion of your variable-rate outstanding balance to a fixed APR over a set term. The minimum amount that may be locked is $5,000 and the maximum term of the lock feature is 20 years. An origination fee may apply to the balance of the locked portion and if so, this fee will be disclosed at the time the lock feature is exercised. There is no limit to the number of times that the lock feature may be exercised but you may only have 3 locked balances at any given time.
  7. A 0.25% loan rate discount will be automatically applied to a loan to which you are primary and are in the same primary membership for each month you meet the Level 2 requirements. If you no longer meet Level 2 requirements the rate discount will be automatically removed. As the 0.25% loan discount may be removed based on qualifications, your interest rate may fluctuate.

The rates, fees, and charges shown are effective Friday, March 29, 2024.

Rates shown above for the Home Equity Loan and Home Equity Line of Credit presume a loan-to-value of 80.00%. The rate shown for the Home Equity Loan also presumes a five-year repayment term. Other rates are available for longer terms or higher loan-to-values.

The above terms apply to owner occupied property. All STCU home equity instruments require verification of property ownership. Equity loans and lines are not assumable. STCU terms, conditions and rates are subject to change without notice. All loans are subject to approval. For more information, please call us at (509) 326-1954 or toll-free at (800) 858-3750.

Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.Equal Opportunity Lender