New Stated HELOC Program Now Available!
August 21st, 2008 Posted in Commercial Mortgage, Loan Programs, Residential Mortgage
I now have a lender offering stated HELOC (Lines of Credit) for owner occupied, non-owner occupied, and commercial properties.
Some general guidelines are below:
Owner Occupied
- 680 FICO required on all 3 credit bureaus
- $100,000 Maximum Loan Amount
- Up to 95% LTV (loan to value)
Non-Owner Occupied
- 680 FICO required on all 3 credit bureaus
- $100,000 Maximum Loan Amount
- Up to 70% LTV (loan to value)
Commercial
- 680 FICO required on all 3 credit bureaus
- $50,000 Maximum Loan Amount
This is a great program and it is rare to see a stated program like this in today’s market.
Call me directly at 800-893-4418 if you would like additional information.
October 22nd, 2008 at 5:13 pm
And as is pretty standard in today’s market, this product no longer exists