Home Equity Loan

Home Equity Loans & Lines

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Considering an improvement or addition to your home? Considering consolidating credit card bills into one low payment? Considering purchasing a car, boat, or plan to go on a family vacation?

If you answered 'yes' to any of these questions, a home equity loan from State Bank & Trust Co. may be for you!!

Take advantage of your home's equity, with a tax-smart*, versatile home equity loan! Now's the time to pay for that new vehicle, consolidate your debt, or re-invest it back into your home with those renovations you've always wanted.

Home Equity Loan

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  • Lock in a fixed interest rate
  • Fixed payment for the life of the loan
  • Borrow up to 90% of the equity in your home (appraisal may be required)
  • Deduct interest paid*

Home Equity Line of Credit

A home equity line of credit is a revolving credit that gives you open access to your funds for a certain period of time. The benefits include:

  • Borrow up to 90% of the equity in your home (appraisal may be required)
  • Competitive interest rates
  • Monthly payment based on current balance
  • Easy access between your loan and your State Bank & Trust Co. checking account through Online Banking
  • Deduct interest paid*

*In many cases, interest paid on mortgage loans is tax deductible. Consult your tax advisor regarding tax advantages. Property insurance is required on all mortgages.