·  Up to $1,000,000 max line amount-1st or 2nd position

·  Both borrowers minimum mid credit score required 650

·  45% debt to income

·  Stand-alone or combo

·  75% maximum combined loan to value ratio; 80% as an exception

 1st or 2nd position

·  No lender fee HELOC option available on stand-alone 2nds

·  1st & 2nd HELOC with fixed rate option available after close

·  15 years to draw plus up to 10 more years to repay

·   Purchase money available for 2nd position only

·   Not allowed-properties listed within 90 days of application date

·  12 month mortgage history required to qualify

·   If loan modification has been done on existing first lien for interest rate and/or amortization period, 2nd mortgage loan or HELOC not allowed to close behind the 1st lien.