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Access your home’s equity with an introductory rate of 4.99%2 APR for 12 months. Floridacentral also covers eligible closing costs.3 After the introductory period, any remaining balance is subject to a variable APR based on the Wall Street Journal Prime Rate plus a margin.2
Use a HELOC for home improvements, education expenses, debt consolidation, a wedding, a dream vacation, a large purchase, starting or expanding a small business, and more.
Use our HELOC calculator to estimate payments based on the amount borrowed, interest rate, and repayment terms.
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Have questions about home equity lines of credit? We’re here to help.
A HELOC typically starts with an introductory rate, then converts to a variable rate tied to the Wall Street Journal Prime Rate after the introductory period ends.
A HELOC is revolving credit you can draw from as needed, similar to a credit card. A Home Equity Loan gives you a one-time lump sum with a fixed rate and fixed payment. See our Home Equity Loans page to compare.
A HELOC is a revolving line of credit secured by your home’s equity. During the draw period, you can borrow funds up to your approved credit limit, repay what you’ve borrowed, and access available funds again as needed. After the draw period ends, you repay the remaining balance according to the terms of your HELOC.
A HELOC can be used for many purposes, including home improvements, debt consolidation, education expenses, major purchases, business expenses, and other significant financial needs.
The amount you may qualify to borrow depends on factors such as your home’s available equity, loan-to-value ratio, creditworthiness, income, and other lending requirements.
Visit our Help Center for more frequently asked questions or contact our team. We’re here to answer your questions and help you determine whether a HELOC is right for your financial needs.
1 Consult your tax advisor regarding the deductibility of interest.
2 Home Equity Line of Credit: 4.99% Annual Percentage Rate (APR) is the initial discounted interest rate during the Introductory Period through 12 billing cycles. This offer, including the rates and terms, is subject to change or be discontinued at any time without notice. After the Introductory Period ends, all remaining balances will automatically convert to a variable APR based on Wall Street Journal Prime plus a margin. The variable rate is based on loan-to-value, term, and creditworthiness and can change quarterly on the first day of January, April, July, and October. As of January 1, 2026, the APR without the discounted interest rate is as low as 6.75% and as high as 8.75%. 25-year term, draw period during the first 10 years. The minimum initial draw is $10,000. Monthly payment is calculated at 1.5% of the outstanding balance. [Example: Loan amount of $100,000 x 1.5%= $1,500].
3 Closing costs paid by Floridacentral do not include prepaid interest or title insurance costs, if required. If you close the Home Equity Line of Credit within 36 months of the opening date you may be required to reimburse the credit union for all fees paid on your behalf. You must be a member of Floridacentral Credit Union or meet membership eligibility requirements. Other restrictions apply.