Get funding for life’s planned and unplanned expenses. Unlike a mortgage designed to purchase property, a Home Equity Line of Credit (HELOC) helps secure financing with the equity you already have in your home.
With a Seacoast HELOC, you can borrow just the money you need instead of taking out a loan with a higher lump sum. Because you decide what you borrow, a HELOC can be an excellent solution for funding home improvements, debt consolidation, educational expenses, emergencies or other financial goals.
With low interest rates and flexible payment options, a HELOC from Seacoast Bank provides homeowners with a flexible and convenient way to access funds based on their home equity with low interest rates starting at 7.00% APR1, making it a popular option for various financial needs and goals.
Whether you’re looking for flexibility or predictability, Seacoast Bank offers two HELOC options tailored to your financial goals.
Flexible & Fixed Payment Options
Seacoast HELOC
Enjoy ongoing access to funds, flexible repayment and fixed-rate conversion option.
Features:
|
Draw Period |
15 years |
|
Repayment Period |
Balance due in full at the end of the draw period |
|
Payment Options |
1.5% principal & interest or interest only |
|
Credit Carve Out |
Lock in a fixed rate for all or part of your credit line2 |
Structured Payment Terms
Seacoast 10/20 HELOC
Benefit from predictable payments and a defined payoff schedule for easier budgeting.
Features:
| Draw Period |
10 years |
|
Repayment Period |
20 years fixed repayment period |
|
Payment Options |
Interest only during draw period |
|
Credit Carve Out |
Not available |
1
Gather Your Info: Gather the following documents and information to prepare for your application process:
Driver's License
Monthly Income4
Property Value2
Begin Your Application: Submit your information securely by clicking "Apply Now" below. Start your application now—save your progress and return anytime.3
Submit: A local Florida lender will reach out within one business day or less with your loan status.Note: You will use the same application to apply for either HELOC option.
Not sure which HELOC is right for you? Our local lending experts are here to help.
Request a consultation and get personalized guidance—no pressure, just answers.
A Home Equity Line of Credit (HELOC) operates as a revolving line of credit secured against the equity in your home.
When you apply for a HELOC, your bank assesses the property's value, your creditworthiness and your ability to repay. If approved, you are granted access to a credit line with a predetermined limit during a draw period.
During the draw period, which usually lasts several years, you can access funds as needed—similar to using a credit card. Depending on your specific loan terms, you may be required to make interest-only payments or a combination of principal and interest during this time.
Once the draw period ends, any principal borrowed and accrued interest transition into the repayment period. Some HELOCs will require payment in full, while others allow installment payments over a fixed term.
Application Process: Initially, you will need to fill out an application form and provide the necessary documentation, including income verification and other financial details.
The requirements can vary, so you should consult with your lender to understand their specific requirements and qualifications. Some of the standard requirements include:
The main difference lies in how repayment is handled after the draw period ends:
Yes, with the Seacoast HELOC, you have the option to lock in a fixed rate on all or part of your credit line—this is known as a credit carve-out. This feature is not available with the Seacoast 10/20 HELOC, which maintains a variable rate throughout the draw period and a fixed repayment schedule afterward.
A local, Florida lender will follow up with you in one business day or less on the status of your loan.
1. APR=Annual Percentage Rate. Rate effective November 10, 2025 and may change based on market conditions and borrower eligibility. Variable rate based on “The Wall Street Journal” Prime Rate (currently 7.00%) with a minimum APR of 7.00% and a maximum APR of 18.00%. Subject to credit approval. Your APR may be higher based on the prevailing variable rate index value, the amount of your credit line, combined loan-to-value, and/or property type. The APR referenced will require a minimum credit score of 780 and automatic payment deductions from your Seacoast Bank deposit account, minimum credit line of $25,000, and the credit line together with any other mortgage(s) cannot exceed 80% of the property value on 1‐to‐4 family owner‐occupied properties. Primary or secondary residence only. Not available on investment property or manufactured homes. 180‐month draw period followed by a 0‐month repayment period, at which time the balance will be due in full. Homeowner’s property insurance is required. Flood insurance may be required. Offer does not apply to existing Seacoast Bank credit lines. Cancellation Penalty. At closing, the Disbursement Request and Authorization form may disclose that certain fees payable to third parties (“Third-Party Fees”) are being paid by Seacoast National Bank (instead of you, as may be disclosed above). In consideration of our payment of any Third-Party Fees, you agree that your Credit Line will remain open for at least two (2) years from the date you open your Credit Line. If you fail to keep the Credit Line open for at least two (2) years, you agree to pay a cancellation penalty in the amount equal to any Third-Party Fees paid by us.
2. Carve Out will reduce the availability under the line and as the loan is repaid the line availability is replenished automatically. Minimum Carve Out of $2,500 and a maximum of 3 Carve Outs will be permitted at any one time. A $50 setup fee will apply for each Carve Out. APR is for terms up to 60 months. Rate effective June 2, 2025 and may change based on market conditions. Monthly payments based on a $25,000 loan at 6.824% APR would be $492.96 for 60 months requires automatic payments from a Seacoast Bank deposit account and a one time $50 Carve Out fee. Offers may be withdrawn at any time. Loans subject to third party closing fees to cover Florida doc stamps and recording fees.
3. Cancellation Penalty. At closing, the Disbursement Request and Authorization form may disclose that certain fees payable to third parties (“Third-Party Fees”) are being paid by Seacoast National Bank (instead of you, as may be disclosed above). In consideration of our payment of any Third-Party Fees, you agree that your Credit Line will remain open for at least two (2) years from the date you open your Credit Line. If you fail to keep the Credit Line open for at least two (2) years, you agree to pay a cancellation penalty in the amount equal to any Third-Party Fees paid by us.
4. Supporting documents may be required and can be gathered by a Seacoast Bank representative if needed.
Equal Housing Lender. Member FDIC. NMLS# 608046
