Everything you need to know about tapping your Florida home equity with On Mortgage.
What is a HELOC? +
A Home Equity Line of Credit (HELOC) lets you borrow against the equity in your home. Instead of a lump sum, you get a revolving line of credit you can draw from as needed, and you only pay interest on the amount you actually use.
How much can I borrow? +
Our Digital HELOC offers lines from $50,000 up to $750,000, letting you access up to 90% of your property’s value depending on your equity, credit, and property type.
What rate will I get? +
Rates start at 6.75%*, but your actual rate is personalized based on your home value, loan-to-value (LTV), credit score, draw amount, and property type. Start an application to see the rate you’ll actually get, it won’t affect your credit score.
Which property types qualify? +
HELOCs are available for primary residences, second/vacation homes, and investment properties located in Florida.
I’m self-employed, can I still qualify? +
Yes. We offer a Bank Statement HELOC that lets qualified self-employed borrowers use bank statements to document income instead of tax returns.
Do you offer HELOCs outside of Florida? +
This Digital HELOC program is offered for properties located in the state of Florida.
How long does approval take? +
The application is fully online and takes just minutes to start. Our Florida team works to review files quickly and keep you updated at every step through closing.
How do I get started? +
Click “Apply now” to complete our secure online application, or call us at 954-494-7288 to speak with a Florida mortgage specialist.
Still have questions?
Our Florida team is here to help. Rates starting at 6.75%*.