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 6.50% 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 |
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.
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 May 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 6.75%). Advertised rates may be as low as 6.50% 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 May 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
