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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
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Overview

No Closing Costs

Pay no closing costs on a new Home Equity Line of Credit under $400,0002 and enjoy an intro rate as low as 4.99% APR for six months, and 8.50% 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 $400,000.2
  • 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.
  • Minimum loan amount $10,000.
  • 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 a tax adviser for further information regarding the deductibility of interest and charges.

Details

How does a HELOC work?

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
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. Minimum loan amount $10,000. 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 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.
3
The variable Annual Percentage Rate (APR) may be 8.50% to 18.00%, depending on creditworthiness. Variable rate is based on the Wall Street Journal Prime Rate (8.50% as of 12/01/2023) and is subject to change quarterly. Maximum APR is 18.00%. $25 fee for advances less than $100.