All-in-One Mortgage (HomeSelect Loan) for Floridians
The All-In-One mortgage is a powerful way to combine your home financing and everyday banking into a single financial tool that can help you save tens of thousands of dollars in mortgage interest and pay off your home faster — without changing your normal budget.
Instead of a traditional loan where you make the same payment each month, this option links your loan to a flexible banking structure so your cash flow actually works to reduce interest costs right away.
What Is an All-In-One Mortgage Loan?
An All-In-One mortgage blends a home loan with everyday banking features — like a checking account — so your deposits and cash balances can reduce your loan’s interest costs immediately. It’s based on a first-lien home equity line of credit (HELOC) with an integrated sweep-checking account that stays open for decades, so you don’t have to refinance to access equity later.
Here’s how it works in practice:
Your paychecks and savings get applied against your loan balance each day
Interest is calculated on the average daily balance, not a static monthly principal amount
You still have full access to your money for expenses, bills, or opportunities
Over time, the interest you save can be substantial compared to a traditional mortgage schedule
Because your everyday funds partner with your mortgage, you may be able to pay off your loan years earlier while still keeping liquidity for life’s needs.
Who All-In-One Loans Are Best For
All-In-One mortgages are particularly appealing to borrowers who:
Earn regular income that flows through a bank account
Have savings or cash flow that can consistently live in their linked account
Want to reduce mortgage interest without strict prepayment commitment
Value both liquidity and long-term savings
Want a smart way to use their everyday dollars for long-term payoff
This product isn’t for everyone, but for disciplined savers and strategic planners it offers a unique way to rethink how mortgages and money work together.
Payments and Daily Balance Benefits
Instead of making a fixed payment to interest and principal like a traditional loan, your deposits — even temporarily — lower the balance on which interest is calculated daily. Because interest is based on the average daily balance, any funds you keep in your cash account can reduce the interest charged for that month.
You never lose access to your funds — you can write checks, use debit cards, pay bills, and withdraw for emergencies — but your everyday cash flow is actively helping reduce your mortgage cost.
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Credit, Income, and Qualification Guidelines
All-In-One mortgages generally have credit and income requirements similar to other home equity or mortgage products:
Credit score and financial history
Documented income and employment
Enough equity in the home to support the financing
Demonstrable ability to manage everyday cash flow that works with the loan structure
Your mortgage professional can walk you through the specific guidelines for your situation — which vary by lender, property use, and other factors.
All-In-One Loans for Purchase and Refinance
The All-In-One mortgage can be used for home purchases or refinances, but what makes it truly different is what happens after you close.
Once you’re in this loan, you do not need to refinance again to access your equity.
As you pay down your balance and your home value grows, your available equity becomes accessible automatically through the loan — without new applications, new closing costs, or restarting a mortgage clock.
This means:
You can purchase a home using the All-In-One loan
You can refinance into the All-In-One loan from an existing mortgage
You maintain ongoing access to your equity as it builds
You avoid repeated refinances to pull cash out in the future
Instead of locking equity away until the next refinance, this loan keeps it available and flexible, while still allowing your everyday cash flow to reduce interest costs over time.
Whether this approach makes sense depends on how you plan to use your equity, manage cash flow, and think about long-term financial flexibility.
How All-In-One Loans Compare to Other Programs
All-In-One mortgages are different from:
Conventional loans: Fixed amortization with no offset or equity access
Traditional HELOCs: Separate line of credit with less interest-offset benefit
Cash-out refinance: One-time lump cash access but no ongoing offset effect or continued access to equity
Standard refinance: Restructures your mortgage but doesn’t integrate banking
The All-In-One is designed to let your everyday funds do double duty — help pay bills and lower interest at the same time..
How All-In-One Loans Compare to Other Programs
If you’re curious how this type of loan could fit your life — whether to shorten your payoff, reduce interest, or keep liquidity — the best next step is a conversation.
A Florida mortgage professional can:
Help you estimate potential savings
Explain eligibility requirements
Review whether your financial behavior aligns with the All-In-One strategy.