Available as of 5/13/21
home equity line of credit (heloc)
stated income-verified assets (siva)
Must provide proof of at least 18 months of PITIA reserves owning more than one property otherwise, 50 months of PITIA reserves.
- Owner-Occupied, Non-Owner Occupied and Second Homes, SFR’s, 2-4’s and Condos.
- 580+ FICO needed. BK and lates OK after 1 year seasoning.
- Loan amounts from $150,000 – $5,500,000.
- Up to 60% LTV to $1,000,000 loans outstanding (including new HELOC)
- Up to 50% LTV to $5,500,000.
- 1 floating over WSJ Prime in 1st position.
- 2 floating over WSJ Prime in 2nd position or paying off liens.
- 10 year draw period, 20 year amortization.
- 3 monthly repayment options available interest only, .5% or 1.5% of outstanding
- Available in: The NYC boroughs, most CA Counties, Clark County NV, King County WA, GA and MA
- Fees: Negotiable
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