Home Equity Loan Options

Home equity loans let homeowners leverage the equity in their homes to borrow money. Take advantage of our low rates for home equity loan or HELOC options.

Select a Service:

  • Find the Right Home Equity Loan or Home Equity Line of Credit

    Home ownership means that the equity in your home is there for you if you need funding for things like home improvement projects or debt consolidation.

    Home equity loan options let homeowners leverage the equity in their homes to borrow money. It’s a great way to fund your home improvement projects, pay off credit card balances or consolidate debt, with a single payment and a lower interest rate.

    Choosing the right option depends on your needs. Visit our blog for a helpful video about how to choose between a home equity loan or home equity line of credit.

    Save on Closing Costs with a Home Equity Loan

    And for a limited time, get up to $1,000 off of closing costs* when you get a home equity loan with Suncoast.

    *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. Suncoast will not pay closing costs for discount points to obtain a lower rate or monies necessary to establish escrow accounts (taxes and insurance). 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.

Choose a Product:

APR*
as low as

APR*
as low as

Annual Percentage Rate

Rate Type

Rate Type

Fixed or Variable

Max Term**

Max Term**

Equity Line of Credit 180 mos.

APR*
as low as

8.500 %

Rate Type

Variable

Max Term**

180 mos.

Home Equity 5 Years 60 mos.

APR*
as low as

9.500 %

Rate Type

Fixed

Max Term**

60 mos.

Home Equity 10 Years 120 mos.

APR*
as low as

10.000 %

Rate Type

Fixed

Max Term**

120 mos.

Home Equity 15 Years 180 mos.

APR*
as low as

10.500 %

Rate Type

Fixed

Max Term**

180 mos.

Home Equity 20 Years 240 mos.

APR*
as low as

8.500 %

Rate Type

Variable

Max Term**

240 mos.

Additional Information

  • Equity Line of Credit
    • Competitive interest rates and flexible terms.

    • Suncoast pays up to $1,000 toward closing costs. If the loan is paid off or the line of credit closed within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff.

    • 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 loan is paid off within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff.
    • 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 limited to two advances during the first 36 months of the loan term and may not exceed the original mortgage amount. Minimum advance is $2500.
    • 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 loan is paid off within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff.
    • 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 limited to two advances during the first 36 months of the loan term and may not exceed the original mortgage amount. Minimum advance is $2500.
    • 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 loan is paid off within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff.
    • 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 limited to two advances during the first 36 months of the loan term and may not exceed the original mortgage amount. Minimum advance is $2500.
    • 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 loan is paid off or the line of credit closed within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff.

    • 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.

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