Best Florida HELOC Lenders and Rates [2026]

Why it’s a good Florida HELOC option

Based in Miami Lakes and serving Miami-Dade County, JetStream FCU is a fairly small credit union that nevertheless offers competitive HELOC terms. Borrowers pay no application, origination, or annual fees, but must repay the closing costs if they choose to pay the HELOC in full and end the credit line within three years.

Like many other lenders, JetStream gives the choice between two HELOC payment plans: interest-only (with larger payments after the interest-only period) and principal plus interest (with payments shrinking over time). It requires an initial draw of $15,000.

The advertised HELOC terms are for primary residences only. JetStream states it offers separate plans for secondary and investment properties, but these involve closing costs.

Why it’s a good Florida HELOC option

Seacoast Bank is a large community bank that operates across Florida. While it currently gives no introductory offer, its terms are otherwise fair for borrowers with strong credit – the advertised rates assume a credit score of 780.

The bank offers two HELOC plans:

• Structured: An interest-only draw period of 10 years, followed by a 20-year fixed repayment period
• Flexible & Fixed: A 15-year draw period, interest-only or 1.5% principal plus interest, with a balloon payment due at the end

The second option allows borrowers to fix a rate for part or all of the credit line, while the first remains variable during the draw period. HELOCs are available only for primary or secondary residences, and not for manufactured homes. The bank may charge a cancellation penalty if the credit line closes within two years.

Why it’s a good Florida HELOC option

Florida Credit Union (FCU) serves over 160,000 members in 48 counties, mainly in the north and center of the state. It offers affordable HELOCs with no closing costs (for loans $10,000 and up), but require title insurance for lines over $250,000.

FCU HELOCs have a 10-year draw period followed by a 10-year repayment period.

Why it’s a good Florida HELOC option

Space Coast Credit Union (SCCU) is Florida’s third-largest credit union, with over 60 branches in 34 counties. With a minimum loan of only $5,000, no closing costs for loans up to $250,000, and no prepayment penalties, it’s a strong HELOC option for homeowners in Brevard, Broward, Miami-Dade, and other counties on Florida’s Atlantic coast.

SCCU’s HELOC plans are:

• Principal-and-interest (7/7): 7-year draw period with monthly payments of 1.5% of loan balance, 7-year repayment period with potential balloon repayment at the end.
• Interest-only (10/10): 10-year draw period, 10-year repayment period with monthly payments and a balloon payment of any remaining balance.

Why it’s a good Florida HELOC option

BrightStar Credit Union serves 23 counties, mostly in South Florida (see full list here). It gives no introductory offer and don’t disclose its HELOC rates beyond stating that they’re tied to the Prime Rate (so probably around 7%-7.5%). Borrowers may fix their rate after opening the HELOC.

BrightStar charges no annual fees and no closing costs on lines up to $250,000. From $250,000, members may pay for property appraisal ($75 – $550).

Why it’s a good Florida HELOC option

Based in Brevard County, CCU Florida also serves surrounding counties (Indian River, Orange, Osceola, Polk, and Volusia). While the credit union gives no introductory period, it otherwise offers competitive terms, with an APR starting from 6.75% and no closing costs for primary residences.

HELOCs by CCU Florida come with an especially long term (15-year draw and 15-year repayment periods), although members may choose to repay their balance early. A borrower who closes their line of credit within three years will pay a fee of $300.

HELOCs are available for single-family homes, 2-4 family residences, townhouses, and condos, as well as rental properties. The credit union may require property appraisal.

Why it’s a good Florida HELOC option

Suncoast CU, the largest credit union in Florida, serves over 1.2 million members across 39 counties, mostly in Central and Southwest Florida. Like several other lenders we highlighted, it forgoes an introductory offer and focus on a basic, solid HELOC product for primary residences.

Suncoast CU’s variable HELOCs come with a 10-year draw and a 15-year repayment term, with no transaction or annual fees. Suncoast contributes up to $1,000 toward closing costs, but will collect these if the borrower repays the line of credit within 25 months. Otherwise, it charges no prepayment penalties.

Why it’s a good Florida HELOC option

Based in Winter Haven, SouthState Bank serves clients across Florida, with a strong presence around Tampa Bay. It offers HELOCs for primary residences.

The bank states that some borrowers may qualify for a HELOC with no closing costs, but doesn’t specify requirements. SouthState’s two HELOC options are:

• Fixed: 60-month term, interest-only payments, and a final balloon payment
• Variable: 120-month term, interest-only or 1% of outstanding balance payments, and a final balloon payment

SouthState Bank requires a minimum draw of $10,000 at closing. Borrowers will repay any closing costs covered by the bank if they end the credit line within 30 months.