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Imagine the possibilities

If you can dream it, you can do it with a closed end home equity loan. New pool? Kitchen remodel? Master suite makeover? We can help make those dreams a reality.
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Overview

Rates as low as 6.50% APR for 10 years

Pay no closing costs with a new home equity loan under $400,000.2

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When you have a large expense and know exactly how much money you need, a closed end home equity loan can give you a one-time payout at a fixed rate and set term (up to 20 years). Your payment will stay the same and you’ll know exactly when it will be paid off

For ongoing expenses, consider a home equity line of credit.

Call our loan department at (863) 284-5626 or toll free (855) 560-5626, visit a branch or apply online.

View home equity loan rates

Father and son building together

Features

Learn about Closed End Loans

  • Minimum loan amount $10,000.
  • Receive all your funds up front as a lump sum.
  • Use for home improvements, large purchases, college tuition, or debt consolidation.
  • Get a rate and payment that will remain the same during the life of your loan.
  • You can establish a specific term so you’ll know exactly when your loan will be paid off.
  • Interest may be tax deductible. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.

HOW TO APPLY

Apply Today

Apply in Person - Find your nearest MIDFLORIDA branch

Apply Online

Apply by Phone - Call 855-560-5626

Notices & Disclosures
1
Home Equity Loan: Offer may be canceled without notice. Membership and eligibility requirements apply. Approval subject to application, eligibility, credit and acceptable property (must be your primary residence, manufactured homes excluded; acceptable appraisal and title required; condos or townhouses eligible only if loan pays off all other mortgages and liens). Property insurance required. Flood insurance when required. Online appraisal typically used to determine home value. Not available for refinance or consolidation of existing MIDFLORIDA loans. Loan amounts from $10,000 to $500,000. Payment example: A 10-year fixed rate loan for $100,000 at 80% CLTV at 6.48% and an Annual Percentage Rate (APR) of 6.50% would have a monthly payment of $1,134.44, which includes principal and interest. Payment example does not include taxes and insurance premiums; the actual payment obligation will be greater. Not all homes will qualify to be mortgaged for more than their original purchase price. Other terms and conditions apply. See your loan officer for details.
2
“No Closing Costs” applies to eligible loan under $400,000 on primary residence on platted lot less than ½ acre with a combined loan to value (CLTV) of 75% or less. Does not apply to purchase transactions. Appraisal, survey, title policy and other closing costs at borrower’s expense may be required on other loans. Costs subject to recapture within 36 months. Not all homes will qualify to be mortgaged for more than their original purchase price.
3
Membership and eligibility requirements apply.