Home Equity Loans

Equity Choice Lines of Credit

Minimum $7,500.00
TypeTermRateCap Rate
Variable Choice (1st and 2nd Lien with STC)15 to 20 YearsHighest Wall Street Prime + 0.00.

Floor Rate 3.25%

14.75%
Variable Choice (1st Lien is with another institution & 2nd Lien is with STC)15 to 20 YearsHigh Wall Street Prime + 0.00

Floor Rate - 3.99%

14.75%
Fixed Choice (Application taken PRIOR to 8/18/14)1 - 120 MonthsPrime + 2.25%14.75%
121 - 180 MonthsPrime + 2.75%14.75%
Fixed Choice (Application taken ON or AFTER 8/18/14)1-240 MonthsCurrent FRHE Rate (1st & 2nd with STC)14.75%

Fee: None for loans of $200,000 or less. Loans of over $200,000, STC will pay the NYS mortgage tax up to $100,000 and the customer will pay anything over that amount. No closing cost.*


*If the loan is closed within 3 years after opening date, customer must reimburse the bank any closing costs paid to third parties in connection with opening this loan, unless the closed loan results in a new STC Home Equity.

Home Equity Loans - Fixed Rate

Minimum $7,500.00
TermRate
1st & 2nd Lien (with STC)2nd Lien (1st with another institution)
1 - 60 Months3.75%4.75%
61 - 120 Months4.25%5.25%
121 - 180 Months4.50%5.50%
181 - 240 Months4.625%5.625%

Fee: None for loans of $200,000 or less. Loans of over $200,000, STC will pay the NYS mortgage tax up to $100,000 and the customer will pay anything over that amount. No closing cost.*


*If the loan is closed within 3 years after opening date, customer must reimburse the bank any closing costs paid to third parties in connection with opening this loan, unless the closed loan results in a new STC Home Equity.