Florida Credit Union offers flexible Home Equity Line of Credit to help you tap into the equity in your home and reach your financial goals. Apply today.

This revolving line of credit allows you to apply for only one loan, yet experience the flexibility to borrow again and again. You pay interest only on the amount borrowed. In addition, enjoy purchasing convenience when linking your home equity line of credit to a Visa ® credit card!

A Home Equity Line of Credit (HELOC) is type of home loan, secured by one's home equity. The HELOC provides the homeowner with a line of credit, with funds available for drawing, like a credit card, but at better rates.

A home equity line of credit, also known as a HELOC, is a line of credit secured by a home that gives a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans, such as credit cards.

Use your property’s value with a home equity line of credit. A First Florida HELOC allows you to make home improvements, consolidate debt, and more.

Use a HELOC for home improvements, education expenses, debt consolidation, a beautiful wedding, an epic vacation, a large purchase, starting or expanding your small business, and more! Additional Features. The existing equity in your home is used as collateral backing. Accommodating repayment terms that work uniquely for you.

2025年2月1日 · BMO Bank is the best home equity line of credit (HELOC) lender in Florida, with a MoneyGeek score of 96 out of 100. Truist Bank is the runner-up, scoring 95 out of 100. The average HELOC limit in Florida is $128,771. How much you can borrow often depends on factors like home equity, outstanding mortgage balance and credit score.

Get low rates & fast approval decisions on your SCCU home equity line of credit. Low initial draw requirements let you access your HELOC funds when you need them.

In Florida, a Home Equity Line of Credit (HELOC) allows you to borrow against the equity you've built in your home. This equity is the difference between your home's market value and the amount you still owe on your mortgage.

Understand the difference between a home equity loan - borrow a fixed amount and receive your money in one lump sum, or a line of credit - you can withdraw money up to a credit limit, by watching this video. Florida Credit Union will let you borrow more than your home is worth. What Can I Use a Home Equity Loan or Line For?