A home equity loan can help fund anything you need with a low, fixed rate and payments you can afford. Plus, Suncoast’s home equity loan has no application or annual fee and we'll pay your closing costs.* You apply and we’ll take care of everything else.
It's that simple!
Let Your House Love You Back with Some Cash!
Let the home you love help you save money and get the cash you need! Enjoy a home equity loan with a low, fixed rate so you can pay for home improvements, major purchases, higher education, debt consolidation, or whatever you may need.
What is a Home Equity Loan?
A home equity loan allows homeowners to leverage the equity in their homes to borrow money. It lets you borrow a lump sum with a fixed interest rate, fixed terms, and fixed monthly payment.
Use your funds for whatever you need, from paying for a dream vacation or home improvements to debt consolidation or even college tuition.
Benefits of our Home Equity Loans
Save money with benefits, like:
- Fixed rates that won't change even if interest rates rise
- No annual or transaction fees
- Your choice of flexible terms (5 years – 15 years)
- Get funds for whatever you need
- Easy online application
Benefits of Membership
Enjoy exclusive benefits, like:
- Higher earnings on deposits
- Lower rates on loans
- Free digital banking from anywhere, 24/7
- Perks, discounts, and free services
- Free financial e-learning and wellness resources
- 75 conveniently located branches with extended hours
Frequently Asked Questions (FAQs)
It’s easy! If you’re a member, simply apply online and follow the prompts. If you’re not a Suncoast member yet, all you have to do is join first, then apply for your Home Equity Loan! A minimum $5 deposit into a share savings account is all it takes to start your membership. Join here.
A home equity loan lets you take the equity you’ve earned on your home and use it to get the cash you need, no matter what you need it for! Since home equity loans offer fixed rates and favorable terms, they can help you get funding for less.
Home equity loans do have closing costs, that typically range from 0 - $1,000. With a Suncoast home equity loan, you get our help paying for them so you can save more!
Both options let you use the equity in your home as collateral for the loan. A home equity loan is like a mortgage, letting you borrow a lump sum with a fixed interest rate and monthly payment.
A home equity line of credit (HELOC) is like a credit card, so you get approved for a credit line that you can use as needed. HELOCs have a variable interest rate and the monthly payments vary based on your loan.
Ready to Get Started?
Don't miss your chance to get the cash you need with a low, fixed rate home equity loan. Apply today to save money and simplify things with a monthly payment that will remain the same over the life of the loan. You love your house! Now let your house love you back with a home equity loan from Suncoast. It’s simple!
*Suncoast will contribute up to $1,000 (Closing Costs Benefit) toward your closing costs when you select our fixed or variable rate home equity product loan on your primary residence. If the loan is paid in full or the line of credit closed within 25 months of the first payment due date, Suncoast will collect the closing costs paid on your behalf in the payoff. The 25-month term begins with the first payment due date of the loan. Not to be combined with any other offers.
Credit Union membership required. Minimum deposit required for membership $5.00. All accounts and services subject to individual approval. Rates and terms may change at any time without notice. Maximum LTV is 80% for qualified borrowers. Available for Single Family, condominium and townhome/villa properties located in the state of Florida and occupied as the primary residence only. Fixed Rate Home Equity Terms are 5, 10, 15 years. Minimum loan amount is $5,000. Maximum loan amount is $500,000.For first lien Home Equity Loans, flood insurance may be required to be escrowed. Property value must be established.