Home Equity Lines of Credit (HELOC)
Home Equity Lines of Credit (HELOC)

Home Equity Lines of Credit (HELOC)


Choose a home equity line of credit (HELOC) for efficient financing, as you need it. A HELOC counts the value of your home in your favor, just like a home equity loan.

But instead of a taking out a larger lump sum loan, you borrow purchase-by-purchase up to a set credit limit. Our HELOCs include competitively low variable interest rates. And you only pay interest on what you actually spend!

  • Competitively low interest rates
  • Only pay interest on what you spend
  • Interest may be tax deductible*
  • Loan value based on the equity you've built in your home
  • Borrow up to 85% of the appraised value of your home**
  • Use funds for practically any purpose
  • Re-access funds as necessary without re-applying
  • Local Western New York HELOC decisions
  • Personal service you can trust
  • Home equity loans also available!

Check out our current rates. Plus, find a Steuben Trust Loan Officer near you for expert assistance!

*Consult a tax adviser.

**Applications where the first lien position is with another institution - Max LTV is 75%, if the first lien is a line of credit than this product can not be offered.

Applications where STC is in first and second lien position - Max LTV is 85%.