This unique product includes a limited title policy and AVM with exterior-only appraisal options, along with the benefits of the Low Doc mortgage loan.
Key highlights of the Low Doc HELOAN program include a 12-month CPA or accountant-prepared profit and loss statement, verification of current income only, eligibility for owner-occupied and second home properties, fixed terms of 15 or 30 years, a minimum FICO score of 680, and Lite Doc eligibility in all 50 states.
- 12 Month P&L prepared by CPA or accountant
- Verification of current income employment only
- Eligible for Owner-Occupied & Second Home Properties
- Fixed terms available in 15 or 30 years
- Minimum FICO score of 680 required
- Lite Doc option available in all 50 states
This program provides self-employed borrowers looking to extract equity from their properties using reduced documentation requirements. With our Low Doc HELOAN, borrowers can access financing for their owner-occupied or investment properties.
We are proud to offer this innovative second mortgage product to help borrowers pull equity from their properties. Contact us today to learn more about our Low Doc HELOAN.
