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Renovate your home at an extremely low rate.

Tackle your next home improvement project with a low-rate home equity line of credit, and borrow only the amount you need when you need it. 1

Overview

No Closing Costs

Pay no closing costs on a new Home Equity Line of Credit under $250,0002 and enjoy an intro rate as low as 1.99% APR for 12 months, and 3.25% to 18.00% APR after that.3


For those ongoing projects, a home equity line of credit (HELOC) gives you the flexibility you need to draw funds as you need them up to your available credit limit. You’ll receive a low variable rate and your payment will drop as your balance gets lower.

Or, pay only the interest during the draw period with an Interest-Only HELOC. Interest-only payments will not repay the principal that is outstanding on your line.

If you prefer a fixed rate and monthly payment, take a look at our home equity loan.

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

View home equity line of credit rates


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Features

Learn about Open End Loans

  • Borrow only the amount you need
  • Pay no closing costs on lines under $250,000.2
  • Flexible payment options based on your outstanding balance.
  • Use the funds over and over again as you borrow and repay.
  • Easily access your funds within Online Banking or over the phone.
  • Lines of credit available from $10,000 to $500,000.
  • 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 your tax advisor for more information.

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
$5 deposit required. Must be your primary residence. Manufactured homes are not eligible for home equity line of credit. Condos or townhouses are eligible only if loan pays off all other mortgages and liens. Not available for refinance or consolidation of existing MIDFLORIDA loans. Property, and if applicable, flood insurance must be in effect at/prior to closing. Subject to credit approval, satisfactory title search and appraisal. Online appraisal typically used to determine home value. Loan amounts from $10,000 to $500,000.
2
“No Closing Cost” applies to eligible Line of Credit under $250,000 on primary residence with a combined LTV (CLTV) of 80% or less for homes on platted lot. Appraisal and title policy at borrower's expense may be required on other loans. Closing costs subject to recapture within 36 months. Offer may be canceled without notice.
3
Variable rate is based on the Wall Street Journal Prime Rate (3.25% as of 9/1/2020) and is subject to change quarterly. APR depends on creditworthiness. Maximum APR is 18.00%. $25 fee for advances less than $100. Bridge loans have origination fee of $500 or 1% of loan amount, whichever is greater.