Want to acquire equity in the home without compromising your low interest rate first mortgage? Our bank statement Heloc is the perfect solution. Whether you are self-employed or face difficulties with traditional loan requirements, this flexible option can make you eligible for only 12 months of personal or commercial bank statements (no tax returns required).
Key Features:
- Independent Second Lien
- Available for major residences, second homes and investment properties
- The minimum FICO score is 660
- Loan up to $750,000
- The maximum CLTV for junior homes is 85%, and the second home and investment properties are 80%
- Maximum DTI ratio is 50%
- Qualified property types: Single family residence, townhouse, 2-4 units of property and apartments that are guaranteed or non-movable
- Documentation options: 12 months personal or commercial bank statement
- Cash ownership seasoning requirements: 6 months
This home equity line of credit provides a straightforward way to take advantage of the value of the home without destroying your existing mortgage terms.
Start today!
Please contact us to learn more about banks’ HELOC and how to help you achieve your financial goals. Our team is here to guide you through every step of the process!
