HELOC Plus max line

Check a scenario against the guideline and size the line, then price it in the Quick Pricer or submit the scenario.

For licensed mortgage professionals. Not an advertisement to consumers.

Primary residences and second homes, lines $75,000 to $1.5M, in the states where JMAC is licensed, except Texas.

The program

Stand-Alone 1st lienThe line will be the only lien on the property.Stand-Alone 2nd lienBehind the current first mortgage, with no transaction on the property in the last 180 days.Piggyback 2nd lienCloses at the same time as a new first mortgage.Post-Close Piggyback 2nd lienCloses 30+ days after a new first mortgage funds; applied for within 180 days of funding.

The property

Primary residenceSecond home

Home value

New first mortgage amount

The first closing with this line.

State

Property type

The borrower and the line

Credit score

Mid-score of the highest wage earner; with two scores, the lower.

Monthly income

Gross qualifying income, figured per FNMA or FHLMC. Leave blank to skip the DTI check.

Monthly debts

The first mortgage payment with taxes, insurance and HOA dues, plus payments on the credit report. Leave out this line.

Start rate

Only used for the DTI qualifying payment. This page doesn't show JMAC rates.

Line amount

or HCLTV

Slide between the $75,000 minimum and the largest line

HELOC Plus max line

2The property

3The borrower and the line

The property

The borrower and the line