Home Equity
Home Equity Loans in Florida
Published September 24, 2026 · Last updated September 30, 2026
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The short answer
A Florida home equity loan works much like one anywhere else. But Florida adds two state taxes when the mortgage is recorded: documentary stamp tax and intangible tax. Together they're about 0.55% of the amount borrowed. On a $50,000 loan, that's about $275.
Your home backs the loan, so you could lose it if you don't repay.
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Florida's mortgage taxes
Documentary stamp tax. 35 cents for every $100 the mortgage secures, or any part of $100. That works out to 0.35%. There's no cap on this tax for mortgages.
Nonrecurring intangible tax. 2 mills, which means $2 for every $1,000, on notes secured by Florida real estate. That's 0.2%.
Both are due when the mortgage is recorded with the county. Under Florida law, all parties to the document are liable for the doc stamp tax, no matter who agrees to pay it. In practice, the borrower often pays these taxes at closing, or they're added to the loan. Ask your lender which it will be.
What the taxes add up to
- $50,000 loan: about $175 in doc stamp tax plus $100 in intangible tax, about $275 total.
- $100,000 loan: about $350 in doc stamp tax plus $200 in intangible tax, about $550 total.
These are estimates. Your lender's Loan Estimate will show the exact amounts.
How a home equity loan works
A home equity loan gives you one lump sum, often at a fixed rate. You pay it back in set monthly payments, and your first mortgage stays the same. Lenders check your equity, credit, income, and home value before they approve you.
If you'd rather borrow as you go, look at a HELOC. If you want to replace your whole mortgage, see Florida cash-out refinance. The taxes can work very differently there.
What a Florida home equity loan costs
Price range
We don't list rates or payments on this page. Your rate and terms come only from a lender, based on your situation. Compare offers from more than one lender.
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Beyond the state taxes, ask about closing costs, appraisal fees, title fees, and any early payoff fee. Compare the APR, which rolls interest and many fees into one yearly number.
Also think about in Florida
Home insurance costs. Florida has the highest average home insurance cost in the U.S. Lenders will require you to keep your home insured, so count that cost in your budget. Compare Florida homeowners insurance.
Hurricane risk. Borrowing against your home lowers your equity cushion. If a storm damages your home or prices drop, you'll have less room to sell or refinance.
Flood coverage. Standard home insurance doesn't cover floods. If your lender requires flood insurance, add that to your monthly costs too.
What to ask before you choose
- "How much will the Florida doc stamp and intangible taxes be?" Ask for the dollar amounts.
- "Do I pay them at closing, or are they added to the loan?"
- "What are all the other closing costs?"
- "What's the APR, and is it fixed?"
- "Is there a penalty if I pay it off early?"
The catch: these taxes are due on the full loan amount, even if you don't use all of it right away. Borrow what you need, not the most you can get.
Keep reading
Compare a HELOC, a Florida cash-out refinance, or a home equity investment. Also compare Florida homeowners insurance.
More Florida guides: Florida homeowners insurance · Florida car insurance · Florida roofing laws · Florida cash-out refinance · Miami car insurance
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Related services
HELOC
See how a home equity line of credit works, and what can change your payment later.
Cash-Out Refinance
Explore replacing your mortgage with a larger loan and taking the difference in cash.
Home Equity Investments
See how a home equity investment (HEI) trades part of your home's future value for cash now.