Home Equity Lines of Credit (2024)

For You

Homeownership means that the equity in your home can get you funds when you need them. A Home Equity Line of Credit (HELOC) lets you leverage your house's equity to fund home improvements, consolidate debt, and more.

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Learn more about how your house can love you back with a Home Equity Line of Credit.

Advantages

Variable interest rates
No annual fees or transaction fees
Interest may be tax deductible — consult a tax advisor to confirm
Suncoast pays up to $1,000 toward closing costsˆ

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Estimate Your Borrowing Capacity Using a Home Equity Line of Credit (HELOC)

The line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have. This includes first mortgages, second mortgages and any other debt you have secured by your home.

Use this calculator to estimate your borrowing capacity on a HELOC.†

†Subject to underwriting guidelines, including limits on maximum loan to value.

Home Equity Line of Credit Calculator

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Competitive Rates and Flexible Terms

With our Home Equity Lines of Credit, you can get competitive interest rates, and flexible terms to fit your monthly budget with no annual fees or transaction fees.

Our goal is to make your life easier by helping you save on extra costs and fees. That’s why we offer up to $1,000 off closing costs when you select a Home Equity Line of Credit with Suncoast.

Variable Interest Rate Under 18%^^

When you get a Home Equity Line of Credit, you’re able to take out cash on an as-needed basis, meaning your home’s equity can offer you financial support when you need it most.

Plus, with a variable interest rate under 18%, your HELOC may be subject to a lower interest rate than a fixed-rate loan.

Home Equity Line of Credit FAQs

A home equity line of credit, also known as a HELOC, is a line of credit secured by a home that gives a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans, such as credit cards. A HELOC often has a lower interest rate than some other common types of loans.

Yes, our Home Equity Loans are available on primary residences in Florida only with homestead.

Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount.

Typical closing costs range from $300 to $1,900. Suncoast pays up to $1,000 towards closing costs. If the home equity line of credit is paid in full or the credit line closed, within the first 25 months from the opening date, Suncoast will collect the closing costs paid on your behalf in the payoff.The loan term begins with the first payment due date of the loan.

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ProductSignature LoanOur Suncoast Signature Loans are low-interest personal loans you can use for many things — debt consolidation, unexpected expenses, college education, and anything else you need.ProductPersonal Line of CreditWhen something comes up and you need money, a personal line of credit can help. Check out our table below to see our personal line of credit options so you can get the funds you need.ProductHome Improvement LoansLooking for a way to fund your home improvement projects? Take advantage of our signature and secured home improvement loans.

^ Suncoast will contribute up to $1,000 (Closing Costs Benefit) toward your closing costs when you select our fixed or variable rate home equity product loan on your primary residence. Suncoast will not pay closing costs for discount points to obtain a lower rate or monies necessary to establish escrow accounts (taxes and insurance). If the loan is paid in full or the line of credit closed within 25 months of the first payment due date, Suncoast will collect the closing costs paid on your behalf in the payoff. The 25 month term begins with the first payment due date of the loan. Not to be combined with any other offers.

^^ Adjustable rates are subject to an increase in rate and payment after the loan is closed. The annual percentage rate can change quarterly on the first day of January, April, July and October. The rate cannot increase or decrease more than .50% percentage point at each adjustment. The maximum annual percentage rate shall not exceed 18%. The annual percentage rate will not go below the greater of 4.0%; which is considered the floor for the Equity Line of Credit (80% or less HCLTV) or 5.50% for the High LTV (greater than 80%) Equity Line of Credit. The index is the Wall Street Journal Prime Rate.

Take advantage of our low rates for a Home Equity Line of Credit.

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