Member Login
- Online Banking
- Premier Treasury Online
*Username
Forgot User ID*Password
Forgot PasswordNot Enrolled Yet?
Set up Online AccessNeed to complete an application?
Join MIDFLORIDA Today!
Experience the benefits of credit union membership, including low fees, great rates and personalized service. Become a member and start banking smarter with us.
Get Started
Interest-only heloc
make your house feel like home
Say goodbye to yesterday's outdated design trends and hello to the new and improved. We can help bring your new kitchen to life, turn that old bathroom into an indoor spa or add much needed coziness that's perfectly suited for your lifestyle. Yes, your home's equity can do that.
Apply Online View Rates 
At a glance
Maximize Your Budget
With an interest-only HELOC, you pay only the monthly interest each month during your draw period. With this initial money-saving flexibility, you can plan your home improvement projects and budget more easily.
Interest Only Payments
Pay only the interest during the draw period, keeping your monthly payments lower.1
No closing costs
Pay no closings costs on home equity lines of credit up to $400,000, giving you flexible access to funds while saving on upfront expenses.2
Low Introductory rate
Take advantage of an intro rate of 4.99% APR for six months, then 8.00% to 18.00% APR after that.3
Features & Benefits
Loan Benefits Designed for You
Explore the features that make our loans a smart choice for managing your finances with confidence.
Special Offer
Low Intro Rate
Take advantage of an intro rate of 4.99% APR for six months, then 8.00% to 18.00% APR after that.3 You'll save money on interest during the initial period of your loan.
personalized support
Expert Guidance Every Step of the Way
Our experienced team takes the time to thoroughly assess your needs, ensuring you receive a loan solution perfectly tailored to you with support from beginning to end. Call (863) 284-5626 or toll free (855) 560-5626.
Draw Period
During the draw period time, you can borrow and repay funds over and over again, up to your maximum credit limit - similar to a credit card. You'll receive a monthly bill with a minimum payment due.
Repayment Period
At the end of the draw period, you will then begin the repayment period to pay back the amount borrowed plus interest. The terms of the loan will remain the same, except you will no longer be able to access funds.
CAlculator
Calculate How Much You Can Borrow
Estimate how much you can borrow based on your home's value and current loans on the home.
Other Products & Services
Discover More Loan Options
We offer a range of valuable products and services designed to meet all your financial needs.
Home Equity Line of Credit FAQs
Find answers to common questions about a Home Equity Line of Credit.
Your home's equity is calculated by subtracting any mortgages or liens from the market value of your home.
A HELOC is a revolving line of credit that allows you to borrow against the equity in your home. You can draw funds as needed during the draw period, repay, and borrow again, up to your credit limit. After the draw period, you'll enter the repayment phase, during which you'll repay the balance in fixed payments.
The interest-only period typically lasts 5 to 10 years, depending on the term of your HELOC. After this period, you will begin repaying both principal and interest.
Yes, while you're only required to pay interest, you can make additional payments toward the principal to reduce your balance and future payments during the repayment phase.
You can use a HELOC for a variety of purposes, including home improvements, debt consolidation, education expenses, or unexpected costs. It's flexible and can be used for almost any major financial need.
HELOCs have variable interest rates, meaning the rate can fluctuate based on market conditions. View today's HELOC rates
1. Offer may be canceled without notice. Membership and eligibility requirements apply. Approval subject to application, eligibility, credit and acceptable property (must be your primary residence, manufactured homes excluded; acceptable appraisal and title required; condos or townhouses eligible only if loan pays off all other mortgages and liens). Property insurance required. Flood insurance when required. Online appraisal typically used to determine home value. Not available for refinance or consolidation of existing MIDFLORIDA loans. Minimum loan amount $10,000. Not all homes will qualify to be mortgaged for more than their original purchase price. Other terms and conditions apply. See your loan officer for details.
2. No Closing Costs applies to eligible loan under $400,000 on primary residence with a combined loan to value (CLTV) of 75% or less for homes on platted lot and 65% LTV for condos or townhouses. Does not apply to purchase transactions. Appraisal, survey, title policy and other closing costs at borrower's expense may be required on other loans. Costs subject to recapture within 36 months.
3. For an Interest-Only HELOC: The variable Annual Percentage Rate (APR) may be 8.00% to 18.00%, depending on creditworthiness. Variable rate is based on the Wall Street Journal Prime Rate (8.00% as of 11/1/2024) and is subject to change quarterly. Maximum APR is 18.00%. $25 fee for advances less than $100.
