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Florida Home Equity Loans
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Home Equity Rates
PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.17% 4.06%
15 year fixed refi Graph Icon Arrow 3.21% 3.09%
10 year fixed refi Graph Icon Arrow 3.26% 3.11%
PRODUCT +/- Rate Last week
30K FICO-based HELOC Graph Icon Arrow 4.67% 4.32%
50K FICO-based HELOC Graph Icon Arrow 4.04% 3.99%
100K FICO-based HELOC Graph Icon Arrow 3.88% 3.83%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 2.99% 2.80%
48 month used car loan Graph Icon Arrow 2.91% 3.00%
60 month new car loan Graph Icon Arrow 3.07% 3.17%
PRODUCT +/- Yield Last week
1 Year CD Graph Icon Arrow 0.99% 0.98%
2 Year CD Graph Icon Arrow 1.20% 1.19%
5 Year CD Graph Icon Arrow 1.82% 1.82%
PRODUCT Rate
Balance Transfer Cards 15.80%
Cash Back Cards 16.42%
Low Interest Cards 11.09%

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Florida Home Equity Loans


From Davie (33328) to Tallahassee (32305); Florida homeowners are taping into their home’s equity to finance a variety of projects. Traditional second mortgage products are home equity loans and home equity lines of credit (HELOC) and both products allow Florida homeowners to use up to 80% of their home’s loan-to-value to fund initiatives such as home improvement, debt consolidation or even auto financing.

For those who need a lump sum of money to make a one time payment, a home equity loan is the best option. One example is for debt consolidation. The borrower can pay off debt to several creditors using the home equity loan; then have only one monthly payment at, typically, a lower rate. Home equity loan rates are fixed and provide stability and repayment certainty.

However, if the borrower plans to use the money to fund a project that will continue for a period of time, a home equity line of credit (HELOC) should be considered. While HELOC rates are typically lower than home equity loans, HELOC rates are variable. Also, because it is a revolving line of credit, HELOC borrowers only repay the amount of money drawn against the line.

Another home equity option in Florida is cash-out refinancing. Cash-out refinancing allows the borrower to replace an existing mortgage with a new mortgage for a higher amount. The borrower pays off the original mortgage using the new loan and the resulting difference becomes the borrower’s home equity loan. Florida homeowners typically turn to the cash-out option to refinance their homes and tackle a new project such as home improvement.

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Florida Home Equity Loans by County
Alachua County Home Equity Loans Hardee County Home Equity Loans Okaloosa County Home Equity Loans
Baker County Home Equity Loans Hendry County Home Equity Loans Okeechobee County Home Equity Loans
Bay County Home Equity Loans Hernando County Home Equity Loans Orange County Home Equity Loans
Bradford County Home Equity Loans Highlands County Home Equity Loans Osceola County Home Equity Loans
Brevard County Home Equity Loans Hillsborough County Home Equity Loans Palm Beach County Home Equity Loans
Broward County Home Equity Loans Holmes County Home Equity Loans Pasco County Home Equity Loans
Calhoun County Home Equity Loans Indian River County Home Equity Loans Pinellas County Home Equity Loans
Charlotte County Home Equity Loans Jackson County Home Equity Loans Polk County Home Equity Loans
Citrus County Home Equity Loans Jefferson County Home Equity Loans Putnam County Home Equity Loans
Clay County Home Equity Loans Lafayette County Home Equity Loans Saint Johns County Home Equity Loans
Collier County Home Equity Loans Lake County Home Equity Loans Saint Lucie County Home Equity Loans
Columbia County Home Equity Loans Lee County Home Equity Loans Santa Rosa County Home Equity Loans
De Soto County Home Equity Loans Leon County Home Equity Loans Sarasota County Home Equity Loans
Dixie County Home Equity Loans Levy County Home Equity Loans Seminole County Home Equity Loans
Duval County Home Equity Loans Liberty County Home Equity Loans Sumter County Home Equity Loans
Escambia County Home Equity Loans Madison County Home Equity Loans Suwannee County Home Equity Loans
Flagler County Home Equity Loans Manatee County Home Equity Loans Taylor County Home Equity Loans
Franklin County Home Equity Loans Marion County Home Equity Loans Union County Home Equity Loans
Gadsden County Home Equity Loans Martin County Home Equity Loans Volusia County Home Equity Loans
Gilchrist County Home Equity Loans Miami-dade County Home Equity Loans Wakulla County Home Equity Loans
Glades County Home Equity Loans Monroe County Home Equity Loans Walton County Home Equity Loans
Gulf County Home Equity Loans Nassau County Home Equity Loans Washington County Home Equity Loans
Hamilton County Home Equity Loans