Home Equity Line of Credit (HELOC)
No Income Verified-Verified Assets (NIVA)
NO TAXES NEEDED
Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos.
Over 700 FICO needed, first 6 months starting at 4.29%.
Loan amounts from $150,000 - $1,000,000.
Up to 70% LTV to $1,000,000 loans outstanding (including new HELOC)
Starting at .5 floating over WSJ Prime in 1st position.
1.5 floating over WSJ Prime in 2nd position or paying off liens.
Lower your rate by up to .50% (with autopay, new account and 50K+ intial draw)
10 year draw period, 20 year amortization.
Must provide proof of at least 6 months of PITIA reserves with a CPA Letter.
No CPA Letter needed with 18+ months reserves.
Available in all Counties of: CA, MA, MD, WA, IL,TX, NV, NJ and NY.
Fees: 2.5 points + $995 processing at the Close of Escrow.
