Second Mortgage in Jacksonville

Not if an LLC owns it, and generally not if no one in your family lives there. The Florida Constitution, Article X, section 4(a), attaches homestead to property owned by a natural person and, inside a municipality, limits it to the residence of the owner or the owner's family. An investment property held in an LLC is not homestead. Even a real homestead can be mortgaged by its owner under section 4(c); homestead protects against forced sale for unsecured judgments, not against a mortgage you sign. Our program covers non-owner-occupied investment property only, never a primary residence or second home. This is not legal advice; your attorney or title company has the final say on your property.

Foreclosure runs through court, the clerk sells online, and a named second lender must file for any surplus. Florida has no power of sale; every foreclosure runs through court under Chapter 702. Duval's clerk holds sales online at duval.realforeclose.com, Monday through Friday except legal holidays, with the first sale at 11:00 a.m. Bidders register free, post a 5% deposit of the estimated high bid before the auction, and the Clerk sells every property as is. A subordinate lienholder may redeem only until the later of the certificate of sale or the time set in the judgment, and there is no redemption after that. Under section 45.032, surplus goes first to subordinate lienholders who timely file a claim, and only then to the former owner, so a second lender has to act. Under Florida case law, a junior lienholder joined in the senior foreclosure is foreclosed out by the sale, so a default on the first can cut off the second. See lien position explained.

Mostly state tax, about 0.55% of the loan, plus small page fees. Florida charges documentary stamp tax of 35 cents per $100 on a recorded mortgage under section 201.08(1)(b), with no cap, and nonrecurring intangible tax of 2 mills under section 199.133. A $200,000 second would pay $700 in stamps ($200,000 x 0.35%) and $400 in intangible tax ($200,000 x 0.2%), $1,100 together, an illustration and not a quote. The Duval Clerk charges $10.00 for the first page and $8.50 for each additional page, plus $1.00 per name after the fourth, so a 10-page mortgage records for $10.00 + 9 x $8.50 = $86.50. Those page fees are Florida's statutory amounts under section 28.24(13), not a Duval quirk. These are state and county charges, not USA Mortgage fees.

Yes: it changes when each tax is paid. Section 201.08(1)(b) taxes a mortgage that secures future advances on the initial amount at recording and then on each advance when it is made; until the stamps on an advance are paid, the mortgage cannot be enforced in a Florida court as to that advance, though the lien itself is unaffected. Section 199.143(3) takes intangible tax on a revolving line of credit once, on the line's maximum amount, and nothing more on later borrowing, while section 199.143(1) taxes other future advances one at a time. Our second mortgage is available as a lump sum or a line of credit, subject to underwriting; how a line is taxed depends on how the loan is structured, so confirm it with your closing agent. Run the numbers in the second mortgage calculator.

Plan on a resubordination agreement. We found no Florida statute that keeps a second in its place when the first is refinanced, so a refinancing lender generally asks the second-lien holder to sign and record a resubordination agreement; Fannie Mae requires one unless state law preserves the subordinate position. Watch the reverse case too. If your first is a future-advance mortgage, section 697.04 ranks its later draws ahead of subsequent liens up to the maximum principal amount it states, so the senior exposure is that stated maximum, not today's balance. Check first that your first mortgage allows a junior lien at all. See a second lien behind a DSCR or conventional first.

It depends on which beach town the property sits in. Atlantic Beach prohibits rentals under 90 consecutive days in residential zones, per a city notice dated 2025-11-10. Jacksonville Beach licenses them instead: a certificate costing $150 initially and $150 a year, a fire inspection, and renewal each October 1. Across Duval, short-term stays carry a 6% bed tax (4% tourist development plus 2% convention development), and no platform remits it, so the host does. A furnished rental also owes tangible personal property tax, due April 1. Short-term rentals are eligible for our second mortgage, subject to underwriting.