Home Equity Loans
Home Equity Total Line of Credit
A home equity total line of credit has a variable rate that is secured by the equity in your home. The total line of credit also offers a great deal of flexibility with a rate lock feature so that you can lock in all or a portion of the outstanding balance with a fixed rate and fixed term.
Borrowing Your Way
You’ll have the stability of fixed monthly payments on your rate-locked balance, affording room for more purchases. Any new purchases will be at our variable rate, but you have the option to add another lock at any time during the draw period.
Protect Your Checking Account
Choose the option to use your line of credit as overdraft protection for your S&T checking account.
Easily Access Your Funds
We offer many convenient ways to access your funds including checks, online transfers and speaking to a branch team member.
Tax Benefits
The interest you pay may be tax-deductible.2
Home Equity Card
Use your line of credit funds by using our home equity card anywhere Visa® is accepted.
Online & Mobile1 Banking
Access your account information wherever you are from any device.
Equity Comparison
| Home Equity Loan | Home Equity Total Line of Credit | |
|---|---|---|
| Fixed interest rate | Available with rate lock | |
| Variable interest rate | ||
| Disbursement of funds | One-time, lump sum | Borrow as needed during draw period |
| Fixed Monthly Payment | Available with rate lock | |
| Flexible Monthly PaymentPayment options include principal and interest and interest-only payments | ||
| Interest may be tax-deductible2 | ||
| Can be used for overdraft protection on an S&T checking account | ||
| Accessible with a debit card | ||
| apply now | apply now |
Home Equity Loan
Tap Into Your Home's Equity
Home equity loans are typically the best option when you know how much you need to borrow or if you are borrowing for a specific purchase. With home equity loans, you can benefit from fixed, predictable payments every month.
- Enjoy the stability of a fixed rate and term
- Enables you to use the equity in your home to secure funds for everything from home improvements to education expenses to a vacation
- Loan proceed funds are disbursed all at once
FAQs
Home equity loans are fixed rate, fixed term loans that are secured by the equity in the home. Home equity loans are typically the best option when you know how much you need to borrow or if you are borrowing for a specific purchase. With home equity loans, customers benefit from fixed, predictable payments every month.
Every loan is different and largely depends on the borrower’s credit and income. Generally, you can borrow up to 75-90 percent of your available equity.
With a home equity loan, you receive a large lump sum up front, and then repay the loan over time with fixed, predictable monthly payments. A HELOC is usually better if you’re looking to borrow multiple times, with smaller values. This way, you also have payments only on the amount borrowed, with possible room for more borrowing.
How much equity do you have in your home?
Next1 Mobile banking is offered as a free service of S&T Bank. You may incur and are responsible for any charges assessed by your mobile carrier. Contact your mobile carrier for more information.
2 Please consult your tax advisor regarding the deductibility of interest.
Personal Loans
Fixed Payments for Easy Budgeting
We offer both unsecured loans and lines of credit so you can borrow how you want. With quick decisioning and competitive rates, our consumer loans are a great solution for the various costs that may arise.
S&T Mortgage Loans
Options and Tools
Your home is the center of your life. Learn about mortgages with S&T Bank and find the house of your dreams.
We're here to help
Having difficulty making your consumer or home loan payments?
Learn more about S&T’s Loan Hardship Program.
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