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Home Equity Line Of Credit - Interest only

15 year draw 

Program Parameters CREDIT GRADE LEVEL 1 LEVEL 2 LEVEL 3 LEVEL 4 LEVEL 5

Primary Residence
1-2 Units
or Second Homes
Only
No Non-Owner
Occupied

 

 

 

 

 

CREDIT SCORE

720> 680-719 660-679 640-659 620-639

Maximum CLTV/
loan Amount

$100,000 $100,000 $100,000 NA NA
100% CLTV $100,000 $100,000 $100,000 $75,000 NA
95% CLTV $150,000 $150,000 $100,000 $75,000 $35,000
90% CLTV $150,000 $150,000 $100,000 $75,000 $35,000
80% CLTV $200,000 $200,000 $100,000 $75,000 $35,000

FIRST TIME HOMEBUYER

100% CLTV $100,000 $100,000 $100,000 NA NA
95% CLTV $100,000 $100,000 $100,000 $75,000 NA
90% CLTV $150,000 $150,000 $100,000 $75,000 $35,000

3 and 4 UNITS/Second Homes

90% CLTV $50,000 $50,000 NA NA NA
STATED INCOME
90% CLTV $75,000 $75,000 NA NA NA
80% CLTV $75,000 $75,000 NA NA NA

 

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reference # 7120403109

 

all loan products are subject to change at any time
other restrictions may apply