If you've built equity in your home, 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. We offer HELOC rates starting at 6.75% APR1, with flexible terms and a Credit Carve-Out2 option that lets you lock in a fixed rate on a portion of your balance. A local lender can help you find the right structure for your situation.
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 |
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-year fixed repayment period |
|
Payment Options |
Interest only during draw period |
|
Credit Carve Out |
Not available |
A HELOC can be used for almost any large expense. Common uses include:
1
Gather Your Info:
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, which usually lasts several years with the standard Seacoast HELOC.
During the draw period, 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. The 10/20 HELOC transitions to a 20-year fixed repayment schedule instead. To qualify, lenders generally look at your available home equity, credit score, debt-to-income ratio (typically below 45%) and proof of income. Seacoast’s approval process generally takes 3 to 4 weeks.
Seacoast Bank's HELOC rates are variable, based on The Wall Street Journal Prime Rate. Rates as low as 6.75% APR are available for qualified borrowers, with a rate floor of 4.75% APR and a maximum of 18% APR.
Your actual rate will depend on your credit profile, credit line amount, combined loan-to-value ratio and property type. The example APR is based on a 780 credit score, automatic payments from a Seacoast Bank account, a minimum $25,000 credit line and total mortgage debt under 80% of your home's value.
The Credit Carve-Out feature lets you lock in a fixed rate on all or part of your HELOC balance. Carve-Out rates may be as low as 6.57% APR for terms up to 60 months, with a minimum amount of $2,500 and a $50 setup fee per Carve-Out.
For current HELOC rates, visit our Consumer Lending Rates page or connect with a local lender for a personalized quote.
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.
1. APR=Annual Percentage Rate. Rates effective October 1, 2026, and subject to change. This is a variable-rate home equity line of credit (HELOC) based on The Wall Street Journal Prime Rate (currently 7.00%). Advertised rates may be as low as 6.75% Annual Percentage Rate (APR). The APR, inclusive of interest and fees, is subject to a minimum (floor) of 4.75% APR and a maximum of 18% APR. Your actual APR may vary based on the Prime Rate, credit line amount, combined loan-to-value ratio, and property type. The example APR is based on a 780 credit score, automatic payments from a Seacoast Bank account, a minimum $25,000 credit line, and total mortgage debt under 80% of your home’s value. Primary or secondary residences only; not available for investment properties or manufactured homes. The HELOC includes a 180-month draw period with interest-only monthly payments. At the end of the draw period, any remaining balance will be due in full. Homeowner’s insurance is required; flood insurance may apply. Offer not available for existing Seacoast Bank credit lines. Cancellation Penalty: At closing, Seacoast National Bank may pay certain fees to third parties on your behalf. In exchange, you agree to keep your HELOC open for at least two (2) years from the opening date. If you close the HELOC within the first two years, you will be required to repay the amount of any Third‑Party Fees paid by the Bank.
2. The Carve Out feature is available only with select HELOC products. A Carve Out reduces your available credit under the line and automatically replenishes as it is repaid. The minimum Carve Out amount is $2,500, and up to three (3) Carve Outs may be open at the same time. A $50 setup fee applies to each Carve Out. The disclosed Annual Percentage Rate (APR) applies only to the Carve Out and to terms up to 60 months. Rate effective October 1, 2026, and subject to change based on market conditions. A $25,000 Carve Out at 6.574% APR would require monthly payments of $490.02 for 60 months with automatic payments from a Seacoast Bank deposit account and a one‑time $50 fee. Offers may be withdrawn at any time. Additional third-party closing fees may apply for state-required 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
