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Home Equity Line of Credit

  • Establish your line of credit for needs you have now or for those in the future.


  • Principal and interest payments based on the money you have advanced.


  • Maximum Loan Amount **
      Up to $200,000 for loans that will be in first mortgage position
      Up to $100,000 for loans that will be in second mortgage position unless the first mortgage is held by Suncoast, then the maximum will be $200,000

  • Access your account with special checks, via SunNet, SunTel, Members Contact Center or at your local branch.


  • Competitive variable interest rate (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 .5% percentage point at each adjustment. The maximum ANNUAL PERCENTAGE RATE shall not exceed the lesser of 6% over the initial rate or 18%. The ANNUAL PERCENTAGE RATE will not go below the greater of 4.5%; which is considered the floor, or 6% below the initial rate.

  • Index is the Wall Street Journal Prime Rate.


  • Applicable coverage of homeowners, flood and windstorm insurance is required.

* Property must be borrower’s primary residence and be located in the state of Florida.
** Some restrictions may apply. Call our Member Contact Center for additional details.




Steps for a home equity loan



TERMS AND CONDITIONS MAY CHANGE WITHOUT NOTICE
*APR = Annual Percentage Rate.
Subject to term and credit qualifications
Annual percentage rates may vary.
Annual percentage rates may change during loan terms on variable rate products.
Membership and / or participation fees may apply. Inquire about specific fees for a product through your credit union.

Equity Line of Credit

 Product Name Rates As Low As Type Maximum Terms Periodic Rate
Equity Line of Credit 4.00% APR Variable 180 Months
Annual Percentage Rate may vary over time.
Maximum interest rate is 6% above initial rate, not increasing or decreasing more than .5% per quarter.
Subject to 4.50% floor. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Maximum LTV is 100%. No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI ELOC Product. Rate will be higher than the standard ELOC Rate
Effective as of: 6/1/2013

Home Equity Loans

 Product Name Rates As Low As Type Maximum Terms Periodic Rate
Home Equity 5 Years 4.50% APR Fixed 60 Months
Documentary Tax in the amount of .35¢ per $100.00 of the limit amount as collected and paid to the State of Florida.
Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount.
Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Maximum LTV is 100%.
No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI Home Equity product. Rate will be higher than the standard Home Equity rate.
Effective as of: 3/1/2013
Home Equity 15 Years 5.50% APR Fixed 180 Months
Documentary Tax in the amount of .35¢ per $100.00 of the limit amount as collected and paid to the State of Florida.
Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount.
Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Maximum LTV is 100%.
No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI Home Equity product. Rate will be higher than the standard Home Equity rate.
Effective as of: 6/1/2013
Home Equity 20 Years 4.00% APR Variable 240 Months
Annual Percentage Rate may vary over time. Maximum interest rate is 6% above initial rate. Subject to 4.50% floor.
Documentary Tax in the amount of .35¢ per $100.00 of the limit amount as collected and paid to the State of Florida.
Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount.
Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Maximum LTV is 100%.
No Annual or Transaction Fees. Not increasing or decreasing more than .5% per quarter.
LTV's from 80.01% - 100% may qualify for our MI Home Equity product.
Effective as of: 6/1/2013

Home Equity Visa Platinum

 Product Name Rates As Low As Type Maximum Terms Periodic Rate
Home Equity Visa Platinum 4.00% APR Variable 180 Months
Annual Percentage Rate may vary over time.
Maximum interest rate is 6% above initial rate, not increasing or decreasing more than .5% per quarter.
Subject to 4.50% floor.
Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount.
Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Maximum LTV is 80%. Low Annual or Transaction Fees.
Effective as of: 3/1/2013



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