Home equity loans.

Your equity, your way.

With an STCU home equity loan or line of credit, your equity is there for you.

Home equity loan options.**

Home equity line of credit.

A HELOC is a variable rate, open-ended loan, meaning you borrow as you go. You can withdraw funds and repay as needed during a 10-year draw period. Once that draw period expires, your loan enters a 20-year repayment period with principal and interest payments.

Who are HELOCs a good option for?

Homeowners who want flexible access to funds over time for things like tackling home projects, covering ongoing expenses, or having a financial safety net. With a revolving credit line and variable rates, you can borrow what you need, when you need it.

Appraisal costs, if needed, can be built into your loan and interest-only minimum payments are available during your draw period.

Your home equity line of credit at STCU is ready when you are, and available (upon approval) on your primary, secondary, or vacation home in Washington, Idaho, or Oregon.

Fixed-rate home equity loan.

Borrow the equity you've already established in your primary, secondary, or vacation home in Washington, Idaho, or Oregon for projects and expenses you need. Receive one lump sum at a fixed rate, with any loan costs built right into your financing, so you'll always know your monthly payment.

Who are home equity loans a good option for?

Homeowners who need a one-time loan for big expenses and the stability of a predictable monthly payment. That could include debt consolidation or large renovation projects.

Did you know that if you use your home equity loan or line of credit to buy, build, or make major improvements to your home, you may still qualify for a tax deduction?

Learn more on the IRS website and consult your tax advisor.