Home Equity Total Line of Credit

Home Equity Total Line of Credit

A home equity total line of credit with variable rate that is secured by the equity in your home. The total line of credit 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, keeping 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

    Gain 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, checks, online transfers and, of course, speaking to a representative in branch.

  • Tax Benefits

    The interest you pay may be tax-deductible.2

  • Home Equity Card

    Freely 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.

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Home Equity Total Line of Credit

Tap Into Your Home's Equity

Home equity total lines of credit 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 a fixed term
  • Enables you to use the equity in your home to secure funds for everything from home improvement to education expense to 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.

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1 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.

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