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You've Made in Your Home with a HELOC

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Use Your Home’s Equity to Finance Home Renovations, Improvements and Other Major Expenses

If you’re planning on making improvements to your home – or even planning a family vacation, a home equity line of credit (HELOC) is a great option for financing. Use the equity you’ve built in your home through paying your mortgage to help finance life’s biggest adventures.

Home Equity Line of Credit Features:

  • Home Equity Line Rates as Low as 5.00% APR1
  • The Credit Carve Out3 feature offers the security of a fixed interest rate with the flexibility of a line of credit allowing you to lock in a fixed rate as a good option if you want fixed monthly payments or have concerns about rising interest rates.
  • Carve Out Rates as Low as 4.824% APR2
  • Flexibility to borrow a small amount or large, based on your lending needs
  • Manage unexpected expenses, consolidate debt or cover costs like tuition
  • Safe and easy online document sharing and electronic signature available to help expedite your loan process

1. APR = Annual Percentage Rate Effective June 17, 2019 and may change based on market conditions and borrower eligibility. Variable Rate based on The Wall Street Journal Prime Rate (currently 5.50%) with a minimum APR of 5.00% 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, deposit relationship and/or property type. The APR will be higher for applicant that have credit scores under 780, higher loan to value and credit lines under $100,000. Minimum credit line is $10,000. 180 month draw period followed by 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. Credit line together with any other mortgage(s) cannot exceed 60% of the property value on 1-to-4 family, owner-occupied properties. Offer does not apply to existing Seacoast Bank credit lines. Seacoast Bank may pay all or part of your closing costs, excluding appraisal and title policy, with an immediate draw of $25,000. Closing costs generally total between $225 and $5,000. Cancellation Penalty: In exchange for our agreement to pay all or a portion of your closing costs that would be otherwise payable by you, you agree that your account will remain open for at least 2 years from the date you open the Home Equity Line of Credit account. If you fail to keep this requirement, you will be required to pay an amount equal to the third party closing costs paid by Seacoast Bank.

2. Carve out will reduce the availability under the line and as the loan is repaid the line availability is replenished automatically. APR is for terms up to 36 months. Minimum Carve out of $2,500 and a maximum of 3 carve outs will be permitted at any one time. Rate effective June 17, 2019, and may change based on market conditions. Monthly payments based on a $25,000 loan at 4.824% APR would be $747.29 per month with a $50 Carve out fee for 36 months. Offers may be withdrawn at any time.

Things You Need to Apply:

  • Driver license information
  • Income3 (monthly and annual)
  • Collateral address and approximate value

3. Supporting documents may be required and can be gathered by a Seacoast Bank representative if needed.

Applying for Your Home Equity Line of Credit is Simple!

Gather Your Info

We've listed out the items you'll need for your application in the "Things You Need to Apply" section above for your convenience.

Enter Your Info

Submit your information in the secure account that will be created when you click "Open Now" below. You'll have the ability to begin and save your application to return to later.

Done!

That wasn't so bad, right? A local, Florida lender will follow up with you in one business day or less on the status of your loan.

Connect with a Local Banker.

Are you interested in contacting a local, Florida banker to discuss your individual financial needs? We’d love to speak with you. Schedule a consultation today.

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At Seacoast Bank, everything we do is based upon core beliefs summarized in the Four Promises we make to you. When you entrust your banking to us, we promise to:
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