Home Equity Line of Credit (HELOC)
No Income Verified Verified Assets (NIVA)
Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 1-4's and Condos.
Over 680 FICO needed. NO Taxes needed.
Loan amounts from $150,000 - $5,500,000.
Up to 70% LTV to $1,000,000 loans outstanding (including new HELOC)
Up to 70% LTV to $1,000,000 loans outstanding (including new HELOC)
1 year BK seasoning OK.
Starting at .5 floating over WSJ Prime in 1st position.
Starting at .5 floating over WSJ Prime in 1st position.
1.5 floating over WSJ Prime in 2nd position or paying off liens.
10 year draw period, 20 year amortization.
Reserves: 18 Months PITIA with 2 or more properties owned.
Available only in: CA, MA, MD, WA, IL,TX, NV, NJ and NY.
Fees: 2.5 points + $995 processing payable at the Close of Escrow.
Comments(0)