Skip to Content

Home Equity Loans & HELOC: Borrow Against Your Best Asset

Overview

How to use the equity in your home

No closing costs with a new home equity loan or line of credit under $500,000.1,2 Enjoy an intro rate on a HELOC as low as 1.99% APR for six months, and 4.00% to 18.00% APR after that.3

Your home’s equity, which is calculated by subtracting any mortgages or liens from the market value of your home, is an asset you can tap into for financing what’s important to you. From major home improvements to large expenses to debt consolidation, we have options to help you meet your goal.

Apply Online

Or, call our lending department at (863) 284-5626 or toll free (855) 560-5626, or visit any branch to discuss your home equity loan options.

View home equity loan rates


Mother and daughter in white kitchen

Types of Equity Loans

Compare Home Equity products

Home Equity Loan

A fixed loan with a one-time payout that can be used for almost any purpose.

  • Fixed rate
  • Terms up to 20 years5
  • Set monthly payments

Home Equity Line of Credit

Access funds as you need them, and only make payments on the portion you use.

  • Low introductory rate
  • Ongoing use
  • Borrow only what you need
Notices & Disclosures
1
Offer may be canceled without notice. Membership and $5 deposit required. 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. 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. NMLS# 417627
2
“No Closing Costs” applies to eligible loan up to and including $500,000 on primary residence on platted lot less than ½ acre with a combined loan to value (CLTV) of 80% 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.
3
Home Equity Line of Credit: The variable Annual Percentage Rate (APR) may be 4.00% to 18.00%, depending on creditworthiness. Variable rate is based on the Wall Street Journal Prime Rate (4.00% as of 05/16/2022) and is subject to change quarterly. Maximum APR is 18.00%. $25 fee for advances less than $100.
4
Interest-only HELOC: The variable Annual Percentage Rate (APR) may be 4.00% to 18.00%, depending on creditworthiness. Variable rate is based on the Wall Street Journal Prime Rate (4.00% as of 05/16/2022) and is subject to change quarterly. Maximum APR is 18.00%. $25 fee for advances less than $100.
5
Home Equity Loan payment example: A 20-year fixed rate loan for $100,000 at 80% LTV at 5.24% and an Annual Percentage Rate (APR) of 5.386% would have a monthly payment of $673.48, which includes principal and interest. Payment example does not include taxes and insurance premiums; the actual payment obligation will be greater. Bridge loans have origination fee of $500 or 0.5% of loan amount, whichever is greater.