Compare Florida Lenders for Second Mortgage Loans

With home sales dipping slightly across the East Coast. It may be your last chance to take out a 2nd mortgage with fixed simple interest and pay off debt with a competitive mortgage rate. Florida homeowners are offered discounted second mortgage loans for cash out refinancing or purchase money to avoid PMI.

How Much Do You Want to Borrow?


See Lenders for Terms and Conditions

We will help you find Nationwide brokers that provide Florida homeowners can take advantage of exclusive deals on lower interest rate second mortgages, 125% home equity loans, and no-cost equity lines of credit. Inquire about our premier condo financing featuring stated income loan options.

Uncover Exclusive 2nd Mortgage & Home Equity Credit Lines from Florida Brokers

We specialize in discount second mortgages that can help Florida residents with consolidating credit card debt and loans that have higher interest rates. Our 2nd mortgage loans and HELOC loans were designed so borrowers with less than perfect credit can find a solution to pay off debts or finance home improvements.

How do HELOCs and home equity loans work in Florida?

Taking out a home equity loan in Florida is the same as most anywhere in the United States. You get approved for a 2nd mortgage and when it closes you receive a single lump sum that is repaid through monthly installments. On the other hand, a home equity line of credit (HELOC) permits ongoing borrowing up to a predetermined limit. As you gradually settle the balance, your available credit replenishes, enabling you to utilize it repeatedly.

Find Out Why People in Florida Are Cash Out Refinancing and Take Out 2nd Mortgages for Home Improvement Financing!

florida mortgage

Compare our lenders with other Florida mortgage brokers.

Ask about potential cash-out limitations and state APR restrictions.

Second mortgage interest rates may vary depending upon rate type, CLTV, fico score and whether or not your loan is considered “stated income” or “full documentation.”

Consider a HELOC to fund the down-payment on an investment home purchase in Florida.

Florida 2nd Mortgage up to 100%: credit score requirements have tightened with 600 credit scores for 100% loans.

Explore how to utilize the equity in your property for various needs, spanning from enhancing your home to consolidating debt. Whether you’re a newcomer to borrowing or looking to delve into your choices, we offer guidance on the procedures, prerequisites, and advantages of second mortgages, HELOC credit lines and home improvement loans customized for the Florida housing market.

Loans 125%: If you are contemplating enhancing your energy efficiency with a solar energy system, you may qualify for a second mortgage that surpasses your home’s appraised value. Credit score prerequisites have become more stringent, with a requirement of 660 credit scores for no-equity loans, unless you boast a monthly residual income exceeding $4,000, in which case a 640 credit score would suffice.

Florida State Loan Update

Florida Home values have recently peaked at all-time highs, so tap the equity in your home before you risk declining equity and higher interest rates. There may have been no better time to get a Florida home loan then now.

  • Overview for Home Mortgages in Florida
  • Florida Home Equity Rates
  • Tampa Home Mortgage Rates


See Loan Options from Top Lenders

Home Equity
Cash Out
Home Purchase
Free Quotes