HELOC (Piggyback)

A home equity line of credit that is taken out at the same time as your original mortgage.
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Requirements

What you need to get started

680
Minimum Fico Score
45%
Maximum Debt-to-Income Ratio
89.99%
Maximum CLTV
$500K
Maximum Loan Amount

Product Highlights

  • No front-end debt-to-income ratio
  • Second home option available
  • Max combined loan amount up to $2,500,000
  • Qualifying HELOC payment: Assuming fully-drawn & amortizing at start rate plus 2.00% over 30-year term

Documents Needed

  • Documents needed will be based on your original loan product