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Borrow against your best asset

Need money to spruce up your space or cover a large expense? Harness the borrowing power of your own home with a home equity loan or home equity line of credit (HELOC) from MIDFLORIDA.
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Overview

How to use the equity in your home

No closing costs with a new home equity loan under $250,0001

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, 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

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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 years
  • 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
  • Borrow up to 100% of home’s appraised value2
  • Ongoing use
Notices & Disclosures
1
Offer may be canceled without notice. Membership required. Approval subject to application, credit and acceptable property (must be your primary residence; manufactured homes excluded). Property insurance required. Flood insurance when required. Online appraisal used to determine home value. Not available for refinance or consolidation of existing MIDFLORIDA loans. Loan amounts from $10,000 to $500,000. “No Closing Cost” applies only to loans under $250,000 with less than 100% LTV on homes owned at least 5 years; costs subject to recapture within 36 months.
2
For home improvements only with licensed contractors. Not available for debt consolidations, cash outs or investment purposes. Not all homes will qualify to be mortgaged for more than their original purchase price.