No Doc HELOC
We offer a No Income Verification home equity line of credit (HELOC). This program is for those individuals who can not verify income using traditional income docs. We base our decision on equity in the property and the borrowers’ credit score. All property types are allowed including investment properties. This No Income HELOC program is a line of credit, it’s a 30-year loan with a 10-year draw period.
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CLTV up to 50%
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Minimum FICO score of 680
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No maximum DTI
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Minimum loan amount of $75,000
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Maximum loan amount of $2,000,000
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Interest rate at Prime Plus 1%
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No income documentation required
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Available for primary residences, second homes, and investment properties
To learn more about this No Income verification home equity line of credit contact our office and we’ll let you if you meet all the requirements.