HELOC Rates Florida 2025 | Access Up to 90 % CLTV
- Philip Bennett (NMLS # 1098318)
- Oct 28, 2023
- 13 min read
Updated: Jun 29
Florida homeowners are sitting on more home equity than ever before. And here's the thing — accessing that equity through a home equity line of credit (HELOC) has become increasingly attractive in 2025. Whether you're looking to renovate your Coral Gables property or consolidate high-interest debt in Tampa Bay, understanding current HELOC rates in Florida can save you thousands.
At Bennett Capital Partners Mortgage Brokers, we’ve helped Florida homeowners unlock their equity with competitive pricing and tailored terms. Leveraging an extensive network of wholesale lenders, portfolio investors, and private funding sources, we routinely arrange HELOCs with higher loan-to-value ratios and more flexible credit or income guidelines than most retail banks can offer.
So what does this mean for you? Let's dive into the details.
Note: Up to 90 % CLTV” reflects the maximum available to eligible applicants. Actual CLTV limits, rates, and fees depend on credit profile, occupancy, property type, and individual lender guidelines. |
Key Takeaways
✅ 90% CLTV Available: Qualified Florida homeowners may access up to 90% of their home's equity through specialized HELOC programs (subject to underwriting).
✅ Current Rate Ranges: Variable-rate HELOCs approximately 7.5% - 13.0% APR; fixed-rate options approximately 7.75% - 13.25% APR (rates subject to change without notice, subject to credit approval)
✅ Flexible Terms: Draw periods with interest-only payments available for up to 10 years; loan terms from 5 to 30 years.
✅ No First Mortgage Refinancing: Keep your existing first mortgage rate intact while accessing home equity.
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2025 HELOC Market Snapshot
Florida homeowners hold more equity today than at any time in recent memory. Many also carry first-mortgage rates in the 3 %–4 % range and prefer not to touch them. A home-equity line of credit (HELOC) brokered by Bennett Capital Partners Mortgage Brokers lets you keep that low first mortgage while giving you flexible access to cash for upgrades, debt payoff, or investments.
Home Equity Line of Credit Trends
The Florida real estate market remains strong. From Jacksonville to Key West, property values have continued to rise, providing homeowners with substantial equity in their homes to leverage.
Current market conditions favor borrowers who act quickly. The Wall Street Journal Prime rate sits at 7.50% as of June 13, 2025, influencing most variable rate HELOCs. Banks and credit unions across Florida are competing for qualified borrowers, which means better rates and terms for you.
Miami-Dade County has seen particularly strong equity growth. Properties in neighborhoods like Aventura and Pinecrest have appreciated greatly over the past couple of years. This increased value of your home translates directly into more borrowing power through a HELOC.
Current HELOC Interest Rate Benchmarks
In 2025, HELOC rates matter a lot. They shape how much it costs to borrow against your home equity. Lower rates mean less money you have to pay back. High rates can make the loan cost more than you expect.
That’s why knowing these rates is key for smart homeowners who want use their home's value to get cash. It helps them pick the best lender and save money in the long run. Homeowners need to watch out for changes in these rates too, as they may go up or down over time.
It’s also good to note that things like your credit score and how much of your house you own can affect your rate. So yes, HELOC rates are very important this year! Make sure you understand them well before taking out a loan on your home equity.
Unlocking 90% CLTV with Bennett Capital Partners
Discover how Bennett Capital Partners can help you unlock up to 90% CLTV with our specialized home equity line of credit programs. Find out what sets us apart and learn how to apply for a HELOC with competitive rates.
Don't miss the opportunity to maximize your property value - read more now!
What Sets 90% CLTV Apart
90% CLTV sets a new bar in home loans. Most banks and lenders stick to 80% CLTV. Yet, with Bennett Capital Partners, you can go higher. You get more from your home's value this way.
It means more money for things like a big repair or paying off high-rate credit cards. You just have to know two things: LTV and CLTV.
LTV is short for Loan-to-Value ratio. It links how much you owe on your mortgage to the worth of your home. Say, if you owe $200,000 on your current home valued at $250,000, then the LTV is 80 percent.
CLTV stands for Combined Loan-to-Value ratio. It includes all loans tied to your property along with the new loan amount against the property's fair market value (FMV). So if there’s another loan that equals $20,000 on top of the primary mortgage of $200,000 against an FMV of $300,000; the CLTV comes out as 73 percent ($220k/$300k).
A high LTV may result in not getting approved or having to pay private mortgage insurance (PMI). With us offering up to 90%, it becomes easier getting approval without PMI worries.
How to Apply for a Home Equity Line with 90% CLTV
You want to apply for a home equity line with 90% CLTV. Here is how to do it:
📞 Give Us A Call Today 1-800-457-9057
Understanding HELOC Rates in Florida
When it comes to Home Equity Lines of Credit (HELOC), understanding the rates and interest rates is crucial. From variable rates to credit score impacts, this section will delve into everything you need to know.
Read on to make informed decisions about your HELOC options.
Variable Rate vs Fixed Interest Rate
Bennett Capital Partners offers two types of interest rates for HELOCs, which have different implications on the cost and predictability of your monthly payments: variable rate and fixed interest rate. Each option serves different types of borrowers depending on their financial circumstances and goals.
Understanding these rates allows you to make informed decisions about your HELOC and plan your finances effectively.
How Credit Score Affects Your HELOC Rate
Your credit score plays an important role in determining the rate you'll receive on your Home Equity Line of Credit (HELOC). The higher your credit score, the better your chances of securing a lower interest rate and potentially unlocking more equity from your home.
Lenders typically offer more favorable terms to borrowers with higher credit scores because they view them as less risky. On the other hand, if you have a bad credit score, lenders may offer you a higher interest rate or even deny your application altogether.
It's important to check your credit report and work on improving your credit score before applying for a HELOC to ensure that you get the best possible rate for this type of loan.
Best Practices to Get the Best HELOC Rates
To secure the best HELOC rate, follow these tips to improve your credit score and find the most competitive rates available in Miami. Don't miss out on maximizing the equity in your home with a 90% CLTV.
Read more to unlock all the details!
Tips to Improve Your Credit Score
Improving your credit score is important when applying for a home equity line of credit (HELOC). Here are some tips to help you boost your credit score:
How to Find the Best HELOC Rate
Finding the best HELOC rate is important when considering a home equity line of credit. Here are some tips to help you find the best rate:
Closing Costs and Other Considerations for Borrowers
When it comes to closing costs and other considerations for borrowers, understanding what to expect can help you make informed decisions. From knowing the average closing costs associated with a home equity line of credit (HELOC) to understanding the monthly payments and draw period, this section will provide valuable insights for borrowers.
Don't miss out on this important information that could potentially save you money in the long run.
What to Expect in Closing Costs
Closing costs are fees that borrowers need to pay when they finalize their home equity line of credit (HELOC). These costs can include things like application fees, appraisal fees, and title search fees.
It's important to be aware of these costs so you can budget accordingly. The amount you'll have to pay for closing costs will vary depending on factors such as the loan amount and the lender you choose.
It's a good idea to ask your lender for an estimate of the closing costs upfront so there are no surprises later on. Remember, closing costs are separate from your down payment or monthly payments, so it's essential to factor them into your financial planning when considering a HELOC.
Monthly Payments and Draw Period
With a Home Equity Line of Credit (HELOC), you'll have monthly payments to make. These payments include both the principal (the amount you borrowed) and the interest (the cost of borrowing).
The draw period is the timeframe during which you can borrow money from your HELOC. It usually lasts around 5 to 10 years. After the draw period ends, you enter the repayment period where you start paying back what you borrowed plus interest.
It's important to budget for these monthly payments and understand how long your draw period will last so that you can plan accordingly. Remember, with Bennett Capital Partners, we offer flexible options and professional guidance to help make managing your HELOC payments easier for homeowners like yourself.
Explore the Best Home Equity Loan Programs and HELOC Interest Rates with Our Lender Services
Discover the top home equity loan programs in florida and HELOC interest rates available through Bennett Capital Partners, providing comprehensive mortgage broker services. Dive into the details and unlock your property's full potential today.
Navigating Home Equity Lines of Credit (HELOC) and
Navigating Home Equity Lines of Credit (HELOC) can be a helpful way to access the equity in your home. With Bennett Capital Partners, you have two product options: a 10-year draw period with interest-only payments or a 3-year draw period with 10 years of interest-only payments.
Both options come with a 20-year repayment period. Keep in mind that if you're using the HELOC for a second home, the maximum combined loan-to-value (CLTV) ratio is 80% with a credit score of at least 700.
For owner-occupied homes, the CLTV ratio is higher – up to 90% with a credit score of at least 660, or up to 70% with a credit score of at least 640.
TO GET THE MOST RECENT GUIDELINES GIVE US A CALL 1-800-457-9057
Fixed Rate Seconds (HELOAN)
If you're looking for a fixed-rate option for your home equity loan, Bennett Capital Partners offers Fixed Rate Seconds (HELOAN). With this type of loan, you can enjoy the security of a fixed interest rate for the entire duration of your loan.
Whether you need 5 or 30 years to repay it, these fully amortizing terms allow you to plan and budget with certainty. HELOAN is available as a second lien on owner-occupied properties up to 90% with a credit score of at least 660, or up to 70% with a credit score of at least 640.
The minimum loan amount is $25,000. So if stability and consistency are important factors for your borrowing needs, consider exploring Fixed Rate Seconds (HELOAN) from Bennett Capital Partners.
Combination Loans: Borrow with a HELOC or HELOAN to Maximize Your Property Value
You can maximize the value of your property by taking advantage of combination loans, which allow you to borrow using a HELOC or HELOAN. With these loans, you can access the equity in your home and use it for various purposes like home improvements or paying off debts.
The first mortgage must be a conventional loan (Fannie Mae or Freddie Mac), while the second mortgage can be either a HELOC or HELOAN. This type of loan is automatically approved if the first mortgage is approved, making it an attractive option to avoid additional costs like mortgage insurance.
It also allows you to avoid escrows and limited reviews on condos with only 10% down payment. By utilizing a combination loan, you can tap into the available equity in your home and make strategic financial decisions that will enhance its value in the long run.
How to Apply for a Home Equity Loan and Secure the Best Rates
Applying for a home equity loan and getting the best rates is easy with Bennett Capital Partners. Here's how:
Conclusion
Unlock the full potential of your home's equity with Bennett Capital Partners. Our HELOC programs in Miami allow access up to 90% CLTV for qualified borrowers, giving you more cash through competitive rates. Review your credit, check home value, and apply to get started. With expertise guiding you, leverage equity easily for debt consolidation or renovations. Let us walk you through the application process.
Get approved for low rates through our trusted lending services and maximize your property's value. Florida homeowners rely on Bennett Capital Partners for accessible HELOCs. We offer in-depth insights, transparent terms, and personalized support. Call us at 800-457-9057 to discuss your equity loan options. Our team has the tools and experience to help you every step of the way. Tap into your home's value and unlock extra funds with Bennett Capital Partners today.
Commonly Asked Questions
What is a home equity line of credit (HELOC)?
A home equity line of credit, or HELOC, is a type of loan that allows homeowners to borrow against the equity they have built up in their home.
How does a home equity line of credit work?
A home equity line of credit works by using your home as collateral. The lender will give you a line of credit, which you can borrow from as needed. You can then use the funds for various purposes, such as home improvement projects or debt consolidation.
How do I apply for a home equity line of credit?
To apply for a home equity line of credit, you will need to contact a lender or credit union that offers this type of loan. They will guide you through the application process, which typically includes providing information about your income, credit history, and the value of your home.
What is the difference between a home equity line of credit and a mortgage?
The main difference between a home equity line of credit and a mortgage is how the funds are disbursed. With a mortgage, you receive a lump sum of money upfront, while a home equity line of credit allows you to access funds as needed over a period of time.
What are the current equity line of credit rates?
The current equity line of credit rates may vary depending on the lender and other factors. It is best to contact an experienced mortgage broker at Bennett Capital Partners.
How can I find the best home equity line of credit rate?
To find the best home equity line of credit rate, you can shop around and compare rates from different lenders. Additionally, you can consult with a mortgage broker who can assist you in finding the best rates and terms based on your specific financial situation.
What factors affect home equity rates?
Home equity rates are influenced by various factors, including the prime rate set by the Federal Reserve, your credit score, the amount of equity you have in your home, and any potential changes in the real estate market.
How can I find the best HELOC lenders?
To find the best HELOC lenders, you can research and compare different lenders based on their reputation, customer reviews, interest rates, fees, and customer service. It is also helpful to seek recommendations from friends, family, or financial advisors.
What is the average HELOC term?
The average HELOC term can vary, but it is typically between 5 and 10 years for the draw period, during which you can borrow from the line of credit, followed by a repayment period of 10 to 20 years.
Can I get a HELOC from a credit union?
Yes, many credit unions offer HELOCs as part of their lending services. Contact your local credit union to inquire about their HELOC options and requirements.
FAQs
What is a HELOC?
A Home Equity Line of Credit (HELOC) is a credit line that you can get using the value of your home as equity. The rates may vary based on things like credit score and loan amount.
How does an equity line of credit work?
An equity line of credit works like a credit card. The bank or credit union sets a limit for your revolving credit line based on the value difference between what you owe in loans and the worth of your house.
What are some good ways to use my HELOC funds?
You could use your HELOC funds for many things, such as making home renovations, paying off high-interest loans and credit cards, or dealing with other large costs.
Does getting a HELOC impact my credit score?
Getting a HELOC could have an impact on your credit score since it involves applying for new lines of money lending which usually includes a check into your past borrowing behaviors called "credit history.
Can anyone apply for an Equity Line Of Credit?
Not everyone can get this type of help from banks or unions due to rules they have about minimum scores needed related to past payment behavior known commonly as "Credit Score". You would need approval first after they confirm that you fit under their required numbers.
Philip Bennett
(NMLS # 1098318)
Philip is the owner and Licensed Mortgage Broker at Bennett Capital Partners, LLC (NMLS # 2046862). He earned a Bachelor’s degree in accounting and finance from Binghamton University and a Master's in finance from Nova Southeastern University. With more than two decades of industry leadership, Philip has successfully guided thousands of clients through complex mortgage transactions.
Learn more about Philip Bennett’s background on our Founder’s page. Whether you’re a first-time homebuyer or a seasoned real estate investor, we are here to help you reach your goals. Don’t wait - contact us today and let us help you find the right mortgage for your needs.
COMPREHENSIVE HELOC DISCLOSURE Educational Information Only: This guide explains Home Equity Lines of Credit (HELOCs) that may allow qualified borrowers to access up to 90 % combined loan-to-value (CLTV). It is not financial, legal, or tax advice. Invitation to Apply: “Up to 90 % CLTV” reflects the maximum limit available to eligible applicants through our network of wholesale and private lenders. This statement is an invitation to apply, not a commitment to lend. Additional documentation, underwriting approval, and a satisfactory appraisal are required. Loans are arranged through third-party lenders; Bennett Capital Partners Mortgage Brokers is not the creditor. Variable Terms & Fees: HELOC interest rates are variable and tied to the Wall Street Journal Prime Rate plus a margin. Rates, margins, line amounts, draw periods, repayment schedules, and lender fees vary by program, credit profile, occupancy status, and property type. Early-closure or termination fees may apply if a line is paid off or closed within a specified period (typically 24–36 months); fee amounts and calculation methods differ by lender and may be either a flat dollar figure or a percentage of the line. No Guarantee of Approval: Loan approval, maximum CLTV, and final terms depend on creditworthiness, income, debt-to-income ratio, property value, and individual lender guidelines. Programs, rates, and terms are subject to change without notice. Tax & Legal Matters: Consult a qualified tax adviser regarding the deductibility of interest. Certain property types and jurisdictions may impose additional restrictions. |
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