Access home equity without refinancing the first mortgage. Clear, scenario-based HELOC structures designed for primary, second, and investment properties.
640+ to 680+ FICO (program tier dependent)
Up to 85% CLTV*
Up to 50% DTI*
Minimum line amount: $20,000–$25,000
Initial draw required: 75% of approved line
Draw amounts up to $500,000
3- or 5-year draw periods
Primary, second, and investment properties eligible
Up to 90% max CLTV (Full Doc, Bank Statement, DSCR)
Owner-Occupied, Second Homes, and Investment Properties
Purchase, Rate & Term Refinance, and Cash-Out Refinance
Fixed terms: 10, 20, or 30 years
Credit scores down to 660
Loan amounts: $50,000 – $850,000
Second-lien position only
AVMs allowed for loans ≤ $400,000*
First mortgage on purchases may be held with another lender
Entity closing available
Asset depletion eligible
Identify whether the property is a primary residence, second home, or investment.
Confirm current balance, lender, and whether the first lien remains in place.
Provide a recent value estimate to determine appraisal and structure.
Clarify whether funds are for liquidity, renovation, payoff, or bridge use.
Home equity loans are structured as second liens, not refinances.
Consider upcoming refinance, sale, construction, or long-term hold.
Note any active escrow, deadlines, or time-sensitive constraints.
A HELOC is often better when you want cash access without replacing a low first-mortgage rate. It keeps the existing loan intact while adding flexible second-lien financing.
LTV measures the first mortgage only. CLTV includes all liens combined, including the first mortgage plus the HELOC or second loan.
Yes. Many home equity programs allow primary residences, second homes, and investment properties, subject to credit, CLTV, and appraisal requirements.
Smaller lines may qualify for automated or limited valuations. Larger loan amounts typically require exterior or full appraisals to confirm value and risk.
Incomplete scenario planning. Issues with lien position, valuation expectations, or future refinance plans often delay or stop approvals.
Scenario-based review helps determine the cleanest equity structure before escrow.
