STCU Rates

Notes

1. May be taken in draws at any time within 10 years.
2. Other rates and terms may apply as determined by the individual creditworthiness of each applicant. For the ILN605 Home Equity Loan, other rates and terms may also apply as determined by loan term (longer than 5 years) and combined loan-to-value (over 80%). ILN605 Home Equity Loans are also subject to a 1% refinance fee or $100, whichever is greater. 
3. Rate adjusts quarterly based on the monthly average of the 6-month Treasury Bill rate (Auction High) plus a margin. The APR cannot increase more than 6% above the initial rate or the maximum permitted by law, whichever is less. Under the following circumstances your Annual Percentage Rate may decrease below the pre-determined floor rate of 6.25%: 1) you qualify for interest rate discounts offered by the Lender, 2) as required by law.
4. For the ILN605 Home Equity loan the maximum loan to value is 95% of computed value. For the LOC600 Home Equity Line of Credit the maximum loan to value is 90% of the computed value. Maximum combined loan to value ratios may be different as determined by the individual creditworthiness of each applicant.
5. For example, a 20-year term would yeild 240 monthly payments as low as $8.36 for each $1,000.00 borrowed.
6. For example, a 7-year term would yield 84 monthly payments as low as $16.44 for each $1,000.00 borrowed.
7. STCU pays fees (excluding appraisal fee, if applicable). Minimum $5,000 advance at closing to qualify for lender paid fees on STCU home equity line of credit. Reconveyance fee will be paid by the borrower and assessed at time of payoff.
8. Other maximum loan amounts apply for Combined-Loan-to-Value ratios exceeding 80.00%.

The rates, fees, and charges shown are effective Monday, February 6, 2012. All rates shown above include a .50% discount for automatic payment from an active STCU share or share draft account and a .25% discount for having an STCU Visa Credit Card in good standing.

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

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. For more information, please call us at (509) 326-1954 or toll-free at (800) 858-3750.