If you’re purchasing a new property or looking for creative financing solutions, our Home Equity Line of Credit (HELOC) programs give you more options and greater affordability.
Did You Know?
We now offer a 2nd mortgage HELOC that can close simultaneously with an assumable VA or FHA 1st mortgage purchase. This unique combination provides homebuyers and homeowners with additional financing options when structuring their purchases, especially in today’s competitive housing market.
High Leverage, Low Down Payment
With our program, qualified borrowers can take advantage of:
- Maximum CLTV (Combined Loan-to-Value) of 89.99% on a primary residence.
- HELOC line amounts up to $500,000.
- The ability to bring as little as 10.01% down to close.
Piggyback HELOC
We treat this as a piggyback transaction, which means you’re stacking your financing to maximize affordability and options. Best of all, the HELOC rate can be as low as Prime + 0.25% margin for certain transactions, keeping your costs competitive while giving you access to funds when you need them.
In today’s market, affordability and options are key. By combining an assumable VA or FHA loan with our simultaneous HELOC, borrowers can:
- Reduce their required down payment.
- Preserve cash for renovations, reserves, or other investments.
- Enjoy a competitive adjustable line of credit alongside a stable 1st mortgage.
Contact us and see how a piggyback HELOC can fit into your home financing strategy.
