Consolidate high-interest debt
Credit cards average ~21% APR. A HELOC can replace those balances with a lower, fixed-payment option.
Source: FRED
See your Florida HELOC Options In Minutes
Fast, online powered process. Often no appraisal. Funding after as short as 5 days
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Why Choose a HELOC
Access your home’s equity with speed, flexibility, and lower costs compared to a cash-out refinance.
Keep your low first-mortgage rate
Don’t give up a 3% first mortgage. A HELOC adds a new line of credit without disturbing your existing loan.
Fixed rate per draw; lines up to $750k
Borrow what you need with predictable payments. Loan amounts available up to $750,000 (eligibility applies).
Fast, online process
Quick pre-check, digital application, and e-notary signing. In many cases, no full appraisal required.
How It Works — Simple, Transparent Steps
From quick online application to funding, here’s what to expect with our Florida HELOC process.
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1Apply OnlineComplete a secure online application in minutes—no paperwork needed to get started.
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2See Personalized QuotesInstantly view estimated HELOC options based on your credit profile and property details.
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3Verify Income & PropertySecurely connect your bank to verify income—no pay stubs in most cases. If eligible, a fast virtual appraisal confirms your property value.
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4Review & CloseConfirm your terms, e-sign your documents, and complete closing through a secure online process.
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5FundingAfter closing, funds are typically available within a few business days—ready for renovations, debt consolidation, or other goals.
HELOC FAQ
Often, no full appraisal is required because an automated valuation (AVM) may be used. If a valuation isn’t available or the requested amount is large (for example, over $400,000), a drive-by evaluation or full appraisal may be required.
For primary residences, funds are typically disbursed after the 3-business-day rescission period. For second homes and investment properties, there’s no rescission, so funds can be released sooner.
Pre-qualification uses a soft inquiry that does not impact your credit score. If you proceed with the full application and accept terms, a hard inquiry will occur.
For primary residences, options may be available starting in the low-to-mid 600s. Second homes and investment properties generally require higher credit scores.
Common uses include consolidating high-interest debt, home improvements, tuition, or other large expenses. Eligibility and limits apply.
No. A HELOC is typically a separate lien, allowing you to keep your existing first-mortgage rate untouched.
In many cases, yes — subject to credit, combined loan-to-value limits, and program guidelines. Some property types and high-balance condo loans may have lower CLTV caps.
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| HELOC | Cash-Out Refinance | |
|---|---|---|
| Keep Your First Mortgage Rate | Yes, leave your 3% mortgage untouched, add a separate HELOC | No, replaces your existing mortgage, often at today’s higher rates |
| Speed to Funding | Funding as fast as 5 business days (after rescission, if primary) | Typically 30–45 days |
| Appraisal Requirement | Often none (AVM). BPO or appraisal only if >$400K or no AVM hit | Full appraisal almost always required |
| Loan Amounts | $25,000 – $750,000 (max CLTV 85% primary) | Up to 80% LTV of full mortgage balance (varies by lender) |
| Use of Funds | Flexible: debt consolidation, renovations, tuition, investments | Same — but higher closing costs and slower process |
| Closing Costs | Low, 1.5%–2.99% origination fee (financed into loan) | 3%–6% of loan balance in fees and costs |
| Application Process | 100% online, soft credit prequal, quick e-notary | Traditional paperwork, multiple in-person steps |
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Equal Housing Lender. NMLS #1631405
This is not a commitment to lend. All loans are subject to credit approval, verification of application information, and acceptable property review. Terms, conditions, and program guidelines are subject to change without notice.
Minimum and maximum loan amounts apply. Actual loan amount, terms, and rates may vary based on credit history, occupancy, property type, loan-to-value (LTV), debt-to-income (DTI), and other underwriting criteria. Not all applicants will qualify for the lowest rates or the highest loan amounts. Certain restrictions may apply in specific states, counties, or property types (such as condos or multi-unit properties). Appraisals may be required in some cases. Fees, including origination and third-party costs, may apply. Interest on home equity lines of credit may be tax-deductible if used for qualified home improvements. Please consult a tax advisor for details. Programs, rates, and terms may change without notice.
See your Florida HELOC Options In Minutes
Fast, online powered process. Often no appraisal. Funding after as short as 5 days
See Your Options
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