Brickell, Florida homes, Brickell HELOC on your home equity

Digital HELOC · Brickell, Miami

Brickell HELOC rates & home equity lines of credit

Brickell is Miami’s financial district and one of the densest condo markets in the country, and On Mortgage’s own office sits right here at 333 S.E. 2nd Avenue. Condo values in the towers along Brickell Avenue and Brickell Bay Drive have climbed steeply since 2019, so long-held units carry real equity. A Digital HELOC turns that equity into a line of credit without selling the unit or refinancing the first mortgage.

6.75% Current Brickell HELOC rate · October 2026
APR, personalized to your numbers*

Apply in minutes See my live Brickell rate →

Starting at 6.75%

Current HELOC rate · APR*

$50k–$1M

Line of credit

Up to 90%

Of your Brickell home’s value

No tax returns

Bank Statement option

Current HELOC rates · updated October 2026

Brickell HELOC rates today

These are the current HELOC rates we’re posting for Brickell homeowners. Today’s home equity line of credit rates start at 6.75% APR* and are personalized to your equity, credit and property. Checking your rate won’t affect your credit score.

Current Brickell HELOC rate

Starting at 6.75%

APR* · personalized to your home & credit · updated October 2026

See my live rate What sets my rate?

Brickell by the numbers

Why Brickell homeowners are sitting on real equity

Here is the local picture behind the equity in a Brickell home.

~$600,000

Typical Brickell condo

Values run from studios in the $400s to penthouses well into seven figures. A unit bought before 2020 has typically gained six figures of equity.

~50%

Value growth since 2019

Brickell condo prices rose sharply through the pandemic migration years, and long-tenured owners hold most of that gain.

Condo-first

Market type

Nearly the entire housing stock is condominium, so this guide is written for high-rise owners and the rules that apply to them.

Approximate figures from U.S. Census (ACS) and Zillow (2026). Home values move. Your line is based on a current appraisal of your Brickell home.

How much can Brickell homeowners borrow right now?

If you bought your Brickell home before the last few years of price growth, or you have simply been paying down your mortgage, you may be holding hundreds of thousands of dollars in equity that a HELOC can put to work, without touching the low rate on your first mortgage.

Here is the shape of it in plain numbers. Say your Brickell home is worth $650,000 and you owe $300,000. A HELOC that lets you reach up to 90% of value could open a line as large as roughly $285,000, the difference between 90% of the home’s value ($585,000) and your existing balance. You only pay interest on what you actually draw, so the full line can sit ready without costing you a dime until you use it.

Why a HELOC instead of a cash-out refinance in Brickell

Most Brickell owners who bought or refinanced a few years ago are sitting on a first mortgage in the 3% to 4% range. A cash-out refinance would replace that low rate with today’s higher one across your entire balance. A HELOC leaves your first mortgage exactly where it is and adds a separate line only on the equity you want to tap.

Where we lend

HELOCs across every Brickell neighborhood

We work with homeowners and investors throughout Miami-Dade County.

Brickell Avenue & the Financial District

Icon Brickell, Brickell City Centre residences, the Four Seasons and the towers along Brickell Avenue and Brickell Bay Drive.

Brickell Key

The island towers of Brickell Key, from Asia and Carbonell to the Mandarin Oriental residences, where equity is deepest.

West Brickell & the River

Newer towers along S.W. 8th Street and the Miami River, plus the townhomes of Brickell West.

Own a home anywhere in Miami-Dade, or elsewhere in Florida? Start your application and we’ll show you what your equity can do.

Built for the Brickell market

The Brickell details other lenders trip over

Here is how we handle the situations that actually come up here.

Condo and high-rise approvals

Brickell is almost all condo. We work with association questionnaires, budgets and reserve studies every week and know which buildings clear review without drama.

Post-Surfside assessments

Milestone inspections and reserve rules are hitting Brickell buildings with special assessments. A HELOC covers the assessment and draws only what it costs.

Investment and pied-à-terre units

Many Brickell units are second homes or rentals. Our Digital HELOC is available on primary, second and investment properties in Florida.

Self-employed professionals

Brickell is full of business owners, consultants and finance professionals whose tax returns understate income. The Bank Statement HELOC qualifies on 12 months of deposits instead.

Foreign-national and relocation owners

Brickell has a large international ownership base. Tell us how the unit is held and documented and we will confirm what is possible before you spend time on paperwork.

Renovating an older unit

Towers from the 1980s and 1990s are being gutted and reimagined. A HELOC funds the renovation in stages while your first mortgage rate stays put.

Self-employed in Brickell? No tax returns needed.

Brickell runs on self-employment: founders, consultants, attorneys, realtors and finance professionals paid by 1099 or through an S-corp. If your tax return shows a fraction of what lands in your account, the Bank Statement HELOC qualifies you on 12 months of deposits instead, with an expense factor as low as 25% and a 660 minimum credit score. Investors with rental units in the towers should also see the Investor HELOC.

Keep your low first-mortgage rate

If you locked a first mortgage in the 3s or low 4s, protecting it matters. A HELOC sits alongside your existing loan instead of replacing it, so you tap equity without resetting your whole mortgage at today’s rates.

Your first mortgage and its rate stay untouched
Borrow only what you draw, when you draw it
Reuse the line as you pay it back down
Access up to 90% of your Brickell home’s value

Apply now How it works

HELOC vs. cash-out refinance

Digital HELOC

Keeps your first mortgage. Adds a line only on the equity you want.

Cash-out refinance

Replaces your whole mortgage at today’s rate to pull cash out.

For Brickell owners holding a low pandemic-era rate, a HELOC is usually the cheaper way to reach your equity.

What Brickell homeowners use a HELOC for

Every situation is different, but the reasons Brickell owners tap their equity tend to rhyme:

Special assessments on milestone repairs, recertification and reserve funding.
A full unit renovation kitchen, baths and floors in an older Brickell tower.
Down payment on a second unit or an investment property elsewhere in Florida.
Funding a business from the equity in a home instead of a high-rate business loan.
Consolidating higher-interest debt into one line secured by the condo.
A standby reserve open and ready but costing nothing until you draw.

See the Brickell HELOC rate you’ll actually get

No generic teaser numbers. Tell us about your Brickell home and finances, and we’ll show you a rate built around your equity, not somebody else’s.

Home value & equity Loan-to-value (LTV) Credit score Draw amount Property type

See my live rate Takes a few minutes · won’t affect your credit score

Can I get a HELOC on a Brickell condo? +

Yes. Condos are the core of the Brickell market and the core of what we do here. The association will need to complete a questionnaire and provide budgets and reserve information, and we handle that review routinely.

How much can I borrow against my Brickell condo? +

Lines run from $50,000 up to $1,000,000, and you can access up to 90% of the unit’s value. On a $650,000 condo with $300,000 owed, 90% of value is $585,000, leaving a line as large as about $285,000, subject to underwriting.

Will a pending special assessment stop my HELOC? +

Not necessarily. Many Brickell buildings have assessments or reserve studies under way. We review the building’s financials as part of the file, and a HELOC is one of the most common ways owners pay the assessment itself.

Do you offer HELOCs on Brickell investment units? +

Yes. The Digital HELOC is available on primary residences, second homes and investment properties in Florida, so you can put the equity in a rental unit to work.

I’m self-employed in Brickell. Can I still qualify? +

Yes. Our Bank Statement HELOC lets qualified self-employed borrowers document income with 12 months of bank statements instead of tax returns, with a 660 minimum credit score.

Is a HELOC better than refinancing my condo mortgage? +

For most owners who locked a low first-mortgage rate, yes. A cash-out refinance replaces the whole mortgage at today’s rate. A HELOC leaves it alone and adds a line only on the equity you tap.

Where is your office? +

On Mortgage is at 333 S.E. 2nd Avenue, Suite 2000, in Brickell. The application is fully online, so you never need to come in, but you are welcome to.

Nearby areas

HELOC guides for nearby cities

We lend across all of Florida. If you own property nearby, these local guides may help too.

Miami HELOC Coconut Grove HELOC Coral Gables HELOC All Florida service areas →

Ready to tap your Brickell home equity?

Brickell HELOC rates starting at 6.75%*, personalized to you in minutes.

Apply now Call 954-494-7288