HELOC
Full doc, light docs and no docs programs
HELOC
A stand alone or piggyback equity second that allows homeowners to access the equity in their homes without losing their low interest rate firsts.
- Loan Amounts up to $450k
- FICOs starting at 660
- O/O Full Doc max 80% CLTV
- O/O Bank Statements max 80% CLTV
- N/O/O Full Doc max up to 80% CLTV
- N/O/O Bank Statement max up to 75% CLTV
- Max DTI up to 50%
- O/O: Use original appraisal within 12 months and Appraisal Review or New appraisal with AVM is required
- N/O: Use original appraisal within 12 months and Appraisal Review or New 2055 appraisal and appraisal review
- Combined Liens up to $2MM
- No Assets required
- Now Allowing 1st lien to have I/O features (Max DTI 45%)
