HELOC rates and fees in Florida
This page is a dated public sample: 36 Florida banks and credit unions and 2 online lenders, named one per row with the advertised APR, the fees, the date the rate was read and the page it was read from. It is not the whole market and not a personal quote. Rates shown for banks and credit unions are advertised rates, not offers.
Of the 36 banks and credit unions, 31 have an advertised rate read on or after September 13, 2026. Those rates run from 6.00% (First Choice Credit Union and Tropical Financial CU) to 8.65% (Bank of America), read between September 14, 2026 and October 28, 2026. Among the 21 whose fees state the upfront cost, flat upfront fees are $0 and annual fees $0 to $100. Addition Financial CU, Community First CU of Florida, Connexus Credit Union, Eglin FCU, FAIRWINDS Credit Union, Grow Financial FCU, MIDFLORIDA Credit Union, PenFed Credit Union, Suncoast Credit Union and Tyndall FCU do not state it as one amount and are left out of the fee figures.
Counting the 2 online lenders as well, 33 rates count toward the range. Those rates run from 6.00% (First Choice Credit Union and Tropical Financial CU) to 8.65% (Bank of America), read between September 14, 2026 and October 28, 2026. Among the 23 whose fees state the upfront cost, flat upfront fees are $0 and annual fees $0 to $100, and percentage fees are 2.50% to 4.99% (see each lender's terms for what they are charged on). The same 10 lenders are left out of the fee figures.
5 rates stay in the tables but out of every range, with the reason next to the number: BMO, CAMPUS USA Credit Union, Citizens Bank, Fifth Third Bank and TD Bank.
The ranges, and what they cover
A range counts only rates our list of lenders records as advertised and read on or after September 13, 2026. Estimated figures and older readings stay in the tables below, labeled next to the number.
| Covers | Rates in the range | Advertised APR | Flat upfront fees | Percentage fees (see each lender's terms) | Annual fee | Rates read |
|---|---|---|---|---|---|---|
| Banks and credit unions | 31 of 36 | 6.00% to 8.65% | $0 | None | $0 to $100 | Sep 14, 2026 to Oct 28, 2026 |
| Banks, credit unions and online lenders | 33 of 38 | 6.00% to 8.65% | $0 | 2.50% to 4.99% | $0 to $100 | Sep 14, 2026 to Oct 28, 2026 |
Advertised rates by loan-to-value
CLTV is everything owed on the home, your mortgage plus the new line, divided by what the home is worth. Our list has no price per CLTV band. Many lenders state a CLTV cap with their advertised rate, so this table groups the banks and credit unions in the range by that cap. It is a grouping by the condition behind each rate, not a price list by CLTV. Our list has options to compare only up to 80% CLTV.
| CLTV the rate assumes | Lenders | Advertised APR | Flat upfront fees | Annual fee | Rates read |
|---|---|---|---|---|---|
| Up to 50% | 1 | 7.00% | $0 | $100 | Oct 28, 2026 |
| Up to 60% or 65% | 5 | 6.75% to 7.49% | $0 | $0 to $75 | Oct 12, 2026 to Oct 28, 2026 |
| Up to 70% | 3 | 6.80% to 8.65% | $0 | $0 | Sep 14, 2026 to Oct 28, 2026 |
| Up to 80% or 85% | 8 | 6.85% to 8.06% | $0 | $0 | Sep 21, 2026 to Oct 28, 2026 |
| Not stated | 14 | 6.00% to 8.00% | $0 | $0 to $75 | Sep 16, 2026 to Oct 28, 2026 |
Every rate, lender by lender
Rows are in alphabetical order. The conditions are the ones our list records with each rate; a lender's own page may show other rates for other conditions. Rates shown for banks and credit unions are advertised rates, not offers.
Banks and credit unions
| Lender | Advertised APR | Conditions the rate assumes | Fees | Source and date read |
|---|---|---|---|---|
| Achieva Credit UnionCredit unionWho can join: 15 listed Florida counties, or relatives | 7.00% variable | score 700+ | $0 upfront, no annual fee | achievacu.com/RatesRead |
| Addition Financial CUCredit unionWho can join: Addition's Florida and Georgia community-charter counties | 7.00% variable | no condos; closing costs and fees apply | Fees apply, amount not listed | additionfi.com/personal/rate/mortgage-loansRead |
| Alliant Credit UnionCredit unionWho can join: Alliant membership (open nationally through a partner charity) | 7.24% variable | autopay (otherwise +0.25%), CLTV up to 85%; no closing costs up to $250k | $0 upfront, no annual fee | alliantcreditunion.org/borrow/home-equity-line-of-creditRead |
| Bank of AmericaBank | 8.65% variable | $100k line, CLTV 70% or less, excellent credit, 0.125% autopay and 0.600% $60k-initial-draw discounts; $450 early-closure fee within 36 months | $0 upfront, no annual fee | bankofamerica.com/home-equity/home-equity-ratesRead |
| BMOBank | 7.69% variableEstimated figure, not an advertised rate. Not in the ranges. | $100k first-lien line, LTV 70% or less, FICO 780+, autopay; $75 annual fee | $0 upfront, $75 a year | bmo.comRead |
| CAMPUS USA Credit UnionCredit unionWho can join: 24 North and Central Florida counties | 7.36% variableEstimated figure, not an advertised rate. Read on Jun 30, 2026, before Sep 13, 2026. Not in the ranges. | scores 780+, LTV under 80% | $0 upfront, no annual fee | Alauda estimate: Q2 2026 credit union average HELOC rate (Figure/Curinos white paper)Read |
| Citizens BankBank | 7.65% variableEstimated figure, not an advertised rate. Read on Jun 30, 2026, before Sep 13, 2026. Not in the ranges. | scores 780+, LTV under 80%; $50 annual fee after year one | $0 upfront, $50 a year after year one | Alauda estimate: Q2 2026 bank average HELOC rate (Figure/Curinos white paper)Read |
| Community First CU of FloridaCredit unionWho can join: 19 Florida and 8 Georgia counties | 7.50% variable | $50k, LTV 80%, score 730+; CU pays closing costs except full appraisal and title insurance | Upfront cost not one amount (see conditions), no annual fee | communityfirstfl.org/resources/rates/mortgage-ratesRead |
| Connexus Credit UnionCredit unionWho can join: Connexus membership (open nationally through a partner association) | 8.06% variable | CLTV 80% or less, all discounts; closing costs $175 to $2,000 | Upfront cost not one amount (see conditions), no annual fee | connexuscu.org/loans/helocRead |
| Eglin FCUCredit unionWho can join: Eglin FCU membership; homes in 7 Panhandle counties only | 7.00% variable | single-family primary home in Eglin's 7 Panhandle counties; Eglin pays third-party costs up to $3,000 with a $5k first draw | Upfront cost not one amount (see conditions), no annual fee | eglinfcu.org/helocRead |
| FAIRWINDS Credit UnionCredit unionWho can join: Any U.S. resident 18+ (FAIRWINDS membership) | 6.80% variable | score 750, LTV 70% or less, second lien, primary home; FAIRWINDS pays up to $1,000 closing costs | Upfront cost not one amount (see conditions), no annual fee | fairwinds.org/ratesRead |
| Fifth Third BankBank | 7.65% variableEstimated figure, not an advertised rate. Read on Jun 30, 2026, before Sep 13, 2026. Not in the ranges. | scores 780+, LTV under 80%; $65 annual fee waived year one | $0 upfront, $65 a year after year one | Alauda estimate: Q2 2026 bank average HELOC rate (Figure/Curinos white paper)Read |
| First Choice Credit UnionCredit unionWho can join: Palm Beach County, plus federal employees, veterans and licensed professionals in 7 Southeast Florida counties | 6.00% variable | score 720+ | $0 upfront, no annual fee | firstchoicecu.org/ratesRead |
| First Tech FCUCredit unionWho can join: Partner employers, or anyone via the Computer History Museum or Financial Fitness Association | 7.00% variable | 740+ score, line up to $50k, CLTV 50% or less; $100 annual fee after year one | $0 upfront, $100 a year after year one | firsttechfed.com/rates/home-loansRead |
| Flagstar BankBank | 7.49% variable | FICO 760+, $200k+ line, CLTV 60% or less, autopay | $0 upfront, no annual fee | flagstar.comRead |
| Florida Credit UnionCredit unionWho can join: Florida Credit Union's 48 Florida counties | 7.00% variable | LTV 80% or less; no closing costs at $10k or more | $0 upfront, no annual fee | flcu.org/helocRead |
| FourLeaf FCU (formerly Bethpage)Credit unionWho can join: Anyone with a $5 savings account | 7.00% variable | CLTV 65% or less, $25k draw held 12 months, autopay; lender pays closing costs up to $500k, repaid if closed within 36 months | $0 upfront, no annual fee | fourleaffcu.com/home-equity-line-of-creditRead |
| Grow Financial FCUCredit unionWho can join: Grow Financial membership (Tampa Bay area) | 8.00% variable | $100k line, owner-occupied single-family; fees $700 to $1,500 | Upfront cost not one amount (see conditions), no annual fee | growfinancial.org/home-and-auto/home-equity-loansRead |
| Huntington BankBank | 6.89% variable | first-lien position, CLTV 60% or less, line $25k+; $60 annual fee | $0 upfront, $60 a year | huntington.comRead |
| iTHINK FinancialCredit unionWho can join: iTHINK's approved Florida and Georgia counties | 7.25% variable | no annual or application fee; CU pays closing costs up to $100k | $0 upfront, no annual fee | ithinkfi.orgRead |
| MIDFLORIDA Credit UnionCredit unionWho can join: 59 of 67 Florida counties | 7.00% variable | CLTV 80% or less; no lender closing costs under $400k, repaid if paid off within 36 months | Upfront cost not one amount (see conditions), no annual fee | midflorida.com/rates/loansRead |
| Navy Federal Credit UnionCredit unionWho can join: Military, Department of Defense and their families (Navy Federal membership) | 7.25% variable | 750 FICO, primary home, CLTV 70% or less; no closing costs or annual fee | $0 upfront, no annual fee | navyfederal.org/rates.htmlRead |
| PenAir Credit UnionCredit unionWho can join: Florida Panhandle counties (PenAir membership) | 6.75% variable | score 720+, LTV 65% or less, homestead; PenAir pays closing costs, repaid if closed within 36 months | $0 upfront, no annual fee | penair.org/offer/legacy-equity-line-offersRead |
| PenFed Credit UnionCredit unionWho can join: Open to anyone (PenFed membership) | 7.00% variable | CLTV up to 85%; PenFed pays most closing costs; $99 annual fee | Upfront cost not one amount (see conditions), $99 a year | penfed.org/mortgage/article/heloc-and-home-equity-loan-faqsRead |
| PNC BankBank | 7.77% variable | 0.25% autopay discount; origination $299 to $599 waived on a $25k+ draw (offer to 11/30/2026); $75 annual fee | $0 upfront, $75 a year | pnc.comRead |
| Regions BankBank | 7.75% variable | property in a Regions branch state; bank pays closing costs up to $500k | $0 upfront, no annual fee | regions.comRead |
| Space Coast Credit UnionCredit unionWho can join: Live or work in Space Coast's Florida counties, or relatives | 6.50% variable | Florida property; no closing costs up to $250k on a primary home | $0 upfront, no annual fee | sccu.com/personal/consumer-ratesRead |
| Suncoast Credit UnionCredit unionWho can join: Live, work, study or worship in Suncoast's Florida counties | 6.85% variable | FL homestead primary home, HCLTV 80% or less; Suncoast pays up to $1,000 of $300 to $1,900 closing costs, repaid if closed within 25 months | Upfront cost not one amount (see conditions), no annual fee | suncoast.com/For-You/Loans-and-Credit-Cards/Home-EquityRead |
| TD BankBank | 7.65% variableEstimated figure, not an advertised rate. Read on Jun 30, 2026, before Sep 13, 2026. Not in the ranges. | scores 780+, LTV under 80%; $99 origination and $50 annual fee | $99 upfront, $50 a year | Alauda estimate: Q2 2026 bank average HELOC rate (Figure/Curinos white paper)Read |
| Third FederalBank | 6.49% variable | same rate in CA and FL; no closing costs or annual fee | $0 upfront, no annual fee | thirdfederal.com/home-equity/calculators-ratesRead |
| Tropical Financial CUCredit unionWho can join: 12 South and Southwest Florida counties, including Miami-Dade, Broward, Palm Beach, Lee and Collier | 6.00% variable | best credit, $75k example | $0 upfront, no annual fee | tropicalfcu.com/home-equity-and-helocRead |
| TruistBank | 7.25% variable | excellent credit; closing costs repaid if closed within 36 months | $0 upfront, no annual fee | truist.com/loans/helocRead |
| Tyndall FCUCredit unionWho can join: Florida Panhandle and South Alabama | 6.99% variable | LTV 80%; typical closing costs paid except appraisal and title policy | Upfront cost not one amount (see conditions), no annual fee | tyndall.org/ratesRead |
| U.S. BankBank | 7.30% variable | $50k+ line, LTV 60%, FICO 730+, U.S. Bank autopay; $75 annual fee after year one | $0 upfront, $75 a year after year one | usbank.com/home-loans/home-equity/home-equity-line-of-credit.htmlRead |
| USF FCUCredit unionWho can join: Anyone via the free American Consumer Council | 6.50% variable | best credit | $0 upfront, no annual fee | usfcu.com/loan-ratesRead |
| VyStar Credit UnionCredit unionWho can join: Eligible Florida and Georgia counties (VyStar membership) | 7.00% variable | interest-only draw; financing up to 90% | $0 upfront, no annual fee | vystarcu.org/personal/rates/home-equity-loan-and-line-of-credit-ratesRead |
Online lenders
These lenders work online rather than through local branches. Their rows use the same fields, the same range rule and the same order as the banks and credit unions above.
| Lender | Advertised APR | Conditions the rate assumes | Fees | Source and date read |
|---|---|---|---|---|
| AvenOnline lender | 6.74% variable | best tier, primary home; prime plus margin | 2.50% fee (see the lender's terms for what it is charged on), no annual fee | aven.com/disclosuresRead |
| FigureOnline lender | 7.30% fixed | most qualified applicants, ten-year term; paired with the 4.99% maximum origination fee below (lower-fee options carry higher rates and are quoted per borrower only) | 4.99% fee (see the lender's terms for what it is charged on), no annual fee | figure.com/home-equity-lineRead |
Borrow now, wait, or talk to a counselor first
This table restates the questions the Consumer Financial Protection Bureau asks in its HELOC booklet, the one lenders hand you when you discuss a HELOC.1 It uses none of the numbers above and says nothing about where rates are heading.
| If this is true for you | It leans toward | Why |
|---|---|---|
| You are confident you can keep up with the payments, including if a variable rate rises. | Borrow now | The CFPB says to consider a HELOC if you are confident you can keep up with the payments, and notes that a variable rate can change your payment even if you borrow nothing more.1 |
| You have not yet looked at other ways to borrow, or gathered estimates from three lenders. | Wait | The booklet compares a HELOC with other money sources first, then asks you to get three HELOC estimates on the same terms.1 |
| You may sell the home soon. | Wait | A HELOC is generally due in full when you sell, so the CFPB suggests weighing the up-front costs if a sale is near.1 |
| You are not sure you could keep paying if your income dropped. | Talk to a counselor first | If you fall behind, you could lose your home. Lenders must give you a list of HUD-approved housing counselors, who can help with budgeting for free or at low cost.1 |
| You are 62 or older and want cash without a monthly payment. | Talk to a counselor first | That describes a reverse mortgage. The section below says who it is for and how to find a HUD-approved counselor. |
What to have ready, and how long it takes
Each lender sets its own list. The CFPB's application checklist is a fair start: proof of identity and your Social Security number, a pay stub from the last 30 days, W-2s and signed tax returns for the last two years, and your two latest bank statements.2 Add your current mortgage details, since the lender subtracts what you owe from the home's value. Our HELOC paperwork guide covers the rest, including what to do when a lender asks for one more document.
| Stage | How long |
|---|---|
| Application and disclosures | In general, a lender cannot charge a nonrefundable fee until three days after you receive its disclosures.1 |
| Documents, appraisal, underwriting and closing | Varies by lender. No source we use gives a range, and we don't guess one; the paperwork guide explains what slows it down. |
| Right to cancel | Three business days, counted from when the line opens or when you receive all material disclosures, whichever comes later. Up to three years if those papers were missing or wrong. Applies to your main home only.3 |
| Early closing terms | 25 to 36 months at the 6 lenders on this page whose conditions set one. Closing the line sooner costs a fee or a payback of waived costs. |
If you are 62 or older: reverse mortgages
This page has no reverse mortgage numbers, and Alauda does not quote them. The federally insured kind, a Home Equity Conversion Mortgage (HECM), is only for homeowners 62 and older who live in the home as their principal residence.4 Interest is added to the balance each month, so what you owe grows. The loan comes due when the last borrower sells, moves out or dies, and until then you still pay property taxes and insurance and keep the home in repair.5
The CFPB's advice is to see a HECM counselor first.5 HUD's search for HECM counseling agencies lets you pick Florida and list approved agencies there, and HUD's HECM page gives (800) 569-4287 for finding one by phone.6,7 We opened both on November 11, 2026.
Where these numbers come from
Every rate, fee and date in the tables comes from Alauda's list of lenders, the options our agent compares. This page was last rebuilt from that list on November 11, 2026. The source column gives the page or basis each figure rests on, and the date next to it is when we read it. Rebuilding the page does not read the rates again: the oldest rate here was read on June 30, 2026.
The ranges count only rates our list records as advertised and read on or after September 13, 2026, no more than 60 days before that rebuild. Estimated figures and older readings stay in the tables, labeled next to the number, and are left out of every range. On this page that is BMO, CAMPUS USA Credit Union, Citizens Bank, Fifth Third Bank and TD Bank. CLTV caps and early closing terms are read from the conditions our list records with each rate. Fee figures count only lenders whose fees state the upfront cost as one amount. When the conditions give the cost as a range, say the lender pays only part of it, or say fees apply with no amount, the row says so in place of a figure and the fee figures leave it out.
Our guides explain how HELOCs work and do not name lenders. This page is a different kind of page: it lists a dated sample of what named lenders advertise.
The online lenders are in their own table, with the same fields and the same range rule as the banks and credit unions.
Rows are in alphabetical order: this page lists rates and does not rank them. When Alauda compares options for you, the order follows the rule on how we rank options.
Each rate in the tables shows the date it was read and the page or basis it rests on. These numbers do not update on their own. We read them again by hand from time to time, so a lender's current rate can differ from the one shown.
If you spot a number that is wrong or out of date, email info@alauda.ai and name the lender and the figure.