You've Worked Hard to Build Equity.
Now Let It Work for You.
Access the equity in your home with a Home Equity Line of Credit (HELOC) from First National Bank of Mount Dora and we'll waive your closing costs up to $5,000.* Apply today with our convenient online application and start that home renovation project that’s been on the list for too long.
Closing Costs Waived (up to $5,000)*
Why Pay to Access Your Own Equity?
Most banks charge appraisal, title and origination fees just to open a home equity line, often adding up to hundreds or thousands of dollars before you've borrowed a dime. Our HELOC removes that barrier. We'll waive up to $5,000 of closing costs, so more of your equity goes toward your project. (Terms & conditions apply.)*
Whether you're planning a kitchen remodel, building a pool, consolidating debt or covering a major purchase, unlock money that's already yours.
Apply Online, On Your Schedule
Our online application walks you through each step, and if a question comes up along the way, you can check the FAQs or give us a call at 352-383-2111.
Start your HELOC application from your phone, tablet or computer.
Why Homeowners Choose a HELOC from FNBMD
- Closing Cost Fees Waived: Keep more of your equity working for you instead of paying fees. We'll cover up to $5,000 in closing costs. This special offer may not last so apply today!
- Apply Online: Complete the application on your own time, from anywhere.
- Local Decision-Making: Your application is reviewed and approved by our team, not routed to a distant corporate office.
- Lake County Expertise: After serving the community for more than 100 years, we can help you navigate the current market when setting up your HELOC.
What Could a HELOC Help You Accomplish?
- Home Renovations: Kitchen and bath updates, pool addition, outdoor living spaces or a whole-home refresh.
- Major Purchases:Solar upgrades, DIY projects, or other significant planned expenses.
- Debt Consolidation: Combine higher-rate balances into a single, more manageable line.
- Unexpected Expenses: A flexible source of funds you can draw on when you need it.
Frequently Asked Questions
Does FNBMD's HELOC have closing costs?
First National Bank of Mount Dora will waive up to $5,000 on your new Home Equity Line of Credit. This special offer may not last so apply now. Terms and conditions apply.*
Can I apply for a HELOC online?
Yes. FNBMD offers a secure online HELOC application you can complete on your own schedule, with one of our local mortgage specialists available if you have questions along the way.
What can I use a HELOC for?
Homeowners use a HELOC for renovations, major purchases, or unplanned expenses. Because it's a line of credit rather than a lump-sum loan, you draw funds as you need them.
Does First National Bank of Mount Dora make local lending decisions?
Yes. As a community bank that has served Lake County since 1925, we review and decide HELOC applications locally.
Ready to Put Your Equity to Work?
Apply online today, or contact us at 352-383-2111 to explore your options.
*Up to $5,000 in closing costs will be waived on a new HELOC for qualifying borrowers who enroll in automatic payments from a FNBMD checking account and maintain the HELOC for a minimum of two (2) years. If the HELOC is closed within two (2) years of account opening, waived closing costs may be charged back. Rates, terms and special offer of waived closing costs may change at any time. Subject to credit approval and other terms and conditions. Qualification is based on credit history, income, and available home equity. Offer valid for new HELOC accounts only.