Loan Program
Home Equity Lines of Credit (HELOC) in Florida
A HELOC is a revolving line of credit secured by your home's equity, usually in second position behind your existing mortgage. You draw funds as needed during a draw period, then repay. It lets you keep your current first mortgage in place. Availability and terms depend on eligibility, underwriting, and Bold Mortgage program guidelines.
Last updated October 10, 2026
HELOC requirements
| Equity | Combined loan-to-value limits vary by program |
|---|---|
| Lien position | Typically second mortgage |
| Structure | Draw period followed by repayment period |
| Credit and income | Full qualification required |
Florida-specific considerations
Many Florida homeowners use equity for hurricane hardening — impact windows, roof replacement, or generators — which can also improve insurability and may lower premiums through wind mitigation credits.
Florida documentary stamp and intangible taxes may apply to new mortgages, including HELOCs. Your homestead exemption remains in place.
Who a HELOC loan is for
- Homeowners who want to keep their current first mortgage
- Renovation and hurricane-hardening projects
- Borrowers who want flexible access to funds
Step-by-step process
- 01
Equity review
Estimate value and available equity.
- 02
Application
Provide income and credit documentation.
- 03
Valuation
Appraisal or valuation of the home.
- 04
Closing
Sign and access your line.
Related programs
Related guides
HELOC loan FAQs
HELOC or cash-out refinance?
A HELOC keeps your existing first mortgage in place and gives flexible access to funds, while a cash-out refinance replaces your mortgage with a new larger loan. The better choice depends on your current loan and goals.
How much can I borrow?
It depends on your home's value, your current balance, and program limits on combined loan-to-value, along with your credit and income.
Can I use a HELOC for impact windows or a new roof?
Yes. Home improvements are a common use, and hurricane-resistant upgrades may also help with insurance.
Is the payment fixed?
Many HELOCs have variable payments that change with the index and your balance. Terms vary by program.
Does a HELOC affect my homestead exemption?
No. Your Florida homestead exemption is based on ownership and residency, which a HELOC doesn't change.
Is a HELOC available on investment properties?
Availability is more limited for investment properties. Availability and terms depend on eligibility, underwriting, and Bold Mortgage program guidelines.
Ready to see what you qualify for?
Apply online in minutes, or estimate your payment first.
Equal Housing Lender. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, and property eligibility. Program availability, terms, and guidelines may change without notice. Information is for educational purposes only.