Piggyback HELOC (20- or 30- Year)

Your qualified borrowers can secure a mortgage on a home while simultaneously opening a home equity line of credit. Ideal for borrowers with less available for a down payment — the additional borrowed money can help them avoid paying private mortgage insurance.

Available on primary and second home purchases, rate/term and cash-out refinances on conventional loans
Loan amounts up to $500,000
Up to 89.99% CLTV
$20,000 minimum line amount, initial draw must be 75% of line amount
For line amounts up to $250,000, an appraisal waiver is accepted with an approved AVM

**Condos require full appraisal

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50566

Piggyback HELOC (20- or 30- Year)

Questions? We'd love to help!

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