Home Equity Line of Credit -HELOC Mortgage Loans are the solution for many people in need of cash.
- Home values are up 47% since 2020
- Most homeowners have hundreds of thousands of dollars of equity in their homes.
- Avg. credit card rate: 24%+
- Many people have debt.
- Most homeowners with a mortgage have a rate between 2 & 3.5% & they don’t want to refinance their loan to get cash.
HELOCs?
- HELOCS (Home Equity Line of Credit mortgage loans)
- Perfect for debt consolidation & Access to cash funds
- Our HELOC Loans have a fast turnaround with an easy process
Apply for a HELOC Loan – Online HELOC Application link:
Program Details HELOCs
- Actual Line of Credit – Can pay it back & draw again from it for the first 5 Years.
- Time from App to close: 5 to 10 days.
- No appraisal (AVM).
- 600 Min Fico – personal bank account for income verification
- 680 min Fic if using business bank account for income
- 90 LTV Max – Primary Residence (Owner Occupied)
- CLTV: 90% Primary / 70% LTV for Second Homes & NOO
- Occupancy: Owner occ, 2nd home & non-owner properties.
- All (1–4 units)
- 1st or 2nd position available.
- Must draw 75% of the issue amount.
- 1st 5 YR’s I.O. Payment
- 25-year Amortization
- 30 Year payback period
- No pre-payment penalty (PPP) – Pay the loan off at any time with no penalty.
- U.W. Income guidelines – bank account verification of deposits.
- No W2’s, pay stubs, or tax returns (May be needed).
- Loan Amount: $25K – $750K – (750K Max Line Amount)
- Perfect for debt consolidation now, refi later.
- Property can currently be listed for Sale,
- Loans under 500k do not require an appraisal in most cases (AVMs – Automated Value is used for confirming the value of the property).
- Loans over 500k up to 750K require an appraisal.
- Closing: Between 5 and 14 days,
- HELOC Bridge loans
- Fixed Rate HELOC Loans
Apply for a HELOC Loan – Online HELOC Application link: