HELOC Plus guidelines

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The full HELOC Plus guidelines, 9 parts and 45 topics, searchable by topic. Sign in to open any of them.

• Matrices3 topicsPROGRAM PARAMETERS – STAND-ALONE (1ST LIEN), PROGRAM PARAMETERS – STAND-ALONE (2ND LIEN), PROGRAM PARAMETERS – PIGGYBACK (2ND LIEN)
• Credit5 topicsScore Requirements, History, Derogatory Trades, AUS Requirements
• DTI, income and employment8 topicsHELOC Qualifying Payment, Ineligible 1st Mortgages, Income Calculation, Installment Debt
• Property history and FNMA references4 topicsRecently Listed Property, Multiple Refinances, Age of Documents, Maximum # of Properties Owned
• Collateral and valuation9 topicsEligible, Ineligible, Condo, Full Appraisal
• Title insurance4 topicsPiggyback Purchase and Refinance (Line size $250K or less), Piggyback Purchase and Refinance (Line size > $250K), Piggyback Post Close, Stand Alone
• Borrower eligibility2 topicsEligible Borrower Types, Ineligible Borrower Types
• Trusts1 topicsTrust Documentation
• Escrow, interest, fees and closing9 topicsEscrow / Impound Accounts, Interim Interest Charges, State Restrictions, Loan origination