HELOC Program - 2nd Trust Deed
We offer a unique 2nd position, no FICO minimum HELOC for sub-prime borrowers. Our HELOC offers several
unique elements that make it a true "win-win" for you and your clients. Your client wins because you can
get them a small second loan and keep their lower interest long-term 1st mortgage in place. You win,
because you can provide your client with the best loan possible for their needs and earn a commission
worthy of your time spent on the loan, even if the loan is a for a small amount. Some of the features you’ll
find unique about our HELOC program include:
- No FICO Minimum
- Reduced rates and loan fees for FICOs > 580
- NOD Foreclosure or BK OK
- 2 Point Interest Rate Reduction for 4 Months of On Time Payments*
- Up to 75% CLTV**
- $5,000 or More Commissions, Even on Smaller Loans
*Rate floor of 10.99% and subject to terms in the rider.
**Subject to senior management review.
