Skip to Main Content

Welcome to Our New Website

Take a look around, and if you have any questions or need assistance, our team is here to help.

Contact Us
Routing:263183007
Make a Payment

Home Equity Loans

Put your home’s equity to work.

Your home is more than just where life happens — it’s one of your biggest financial assets. A Floridacentral Home Equity Loan lets you borrow against the equity you’ve built with predictable monthly payments and a fixed interest rate, giving you the confidence to finance life’s next chapter. 

APPLY NOW 
CALCULATE YOUR PAYMENT  

Access Your Equity Without Refinancing

If you’ve built equity in your home, a Home Equity Loan gives you access to a lump sum of money while allowing you to keep your current mortgage and interest rate. It can be an option when you need financing without replacing your existing home loan.

Loan Features

  • Rates as low as 6.375%1 APR2
  • Fixed interest rates and repayment terms
  • Fixed monthly payments for easier budgeting
  • No annual fee
  • No prepayment penalty
  • Competitive financing backed by your home’s equity

Variety of Uses

Home Equity Loan funds can be used for many purposes, including home improvements, debt consolidation, education expenses, major purchases, and other significant financial needs.

  • Common Uses Include
  • Home renovations and repairs
  • Debt consolidation
  • Education expenses
  • Weddings and major life events
  • Vacations
  • Large purchases
  • Starting or expanding a small business
  • Unexpected expenses
Apply Now

Home Equity Loan Rates

TypeAPR3Term
Home Equity Line of Credit6.00%318 months
Home Equity Loan 5-YearAs low as 6.375%160 months
Home Equity Loan 10-yearAs low as 6.950%1120 months
Home Equity Loan 15-yearAs low as 7.250%1180 months

Example:

A $25,000 Home Equity Loan with a term of 120 months, an APR of 6.875%, would have an estimated monthly payment of $288.66.

Apply Now

Estimate Your Monthly Payment  

Use our Home Equity Loan calculator to estimate your monthly payment based on the loan amount, interest rate, and repayment term you’re considering. 

Tools to Help Navigate Your Finances

Whether you’re planning for tomorrow, buying a home, or making everyday financial decisions, Floridacentral offers the resources and guidance to help you move forward with confidence.

Estate Planning with LegalKarma

Protect what matters most with simple, affordable estate planning designed to give you and your loved ones peace of mind.

Learn More

Homeowner Resources

Explore today’s mortgage rates, home equity options, and resources to help you make confident home financing decisions.

Explore Home Loans 

Financial Calculators

Estimate payments, compare loan options, and plan for your financial goals with our easy-to-use calculators.

Try Our Calculators 

Financial Education

Browse articles, tips, and expert guidance to help you make informed financial decisions at every stage of life.

Explore Articles

Home Equity Loan FAQs

Have questions about borrowing against your home’s equity? We’re here to help.

A Home Equity Loan provides a lump sum with a fixed interest rate and predictable monthly payments. A Home Equity Line of Credit (HELOC) is a revolving line of credit that lets you borrow funds as needed, up to your approved credit limit. 

The amount you may qualify for depends on factors such as your home’s available equity, your creditworthiness, income, and other lending criteria. 

No. A Home Equity Loan allows you to borrow against your home’s equity while keeping your existing mortgage and interest rate in place. 

Yes. Many homeowners use Home Equity Loans for debt consolidation, education expenses, major purchases, business expenses, or other significant financial needs. 

Interest paid on a Home Equity Loan may be tax deductible depending on how the funds are used and applicable tax laws. Consult a qualified tax professional regarding your individual situation. 

Our Home Loans Center will guide you through each step of the application process and keep you informed from application to closing. 

Visit our Help Center for more frequently asked questions or contact our team. We’re here to answer your questions and help you find the home equity financing option that’s right for you.

Visit the Help Center

Related Articles

View All Articles

Disclosures

1 Home Equity Loans: The maximum ANNUAL PERCENTAGE RATE that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 4.0% at any time during the term of the plan. Approval is based upon creditworthiness of individual applicants and loan-to-value. Rates and terms are subject to change without notice. Maximum closing costs apply.

2 Annual Percentage Rate is a fixed rate and is based on loan to value, term, and creditworthiness. Minimum loan amount to receive APR is $5,000. Financing for up to 15 years is available on loan amounts up to 80% of the appraised property value minus the outstanding first mortgage balance. No annual fee or pre-payment penalty. Other rates and terms available. Rates effective October 1, 2025.

3 Rates current as of October 16, 2026. Contact Floridacentral for complete details.