Veronica G

FICOs 640+: 0x30x6 / 1x30x12FICOs 600-639:0x30x12Note: Housing history requirements apply to all financed propertiesIf the subject property is owned free and clear, then the subject property is con...

Use the primary wage earner’s credit score as the representative credit score.The minimum FICO score is 600.Note: The Heloc program utilizes an Equifax-only FICO 8. The lender will not consider bro...

The primary wage-earner must have either:Two (2) tradelines seasoned twelve (12) months, orOne (1) tradeline seasoned twenty-four (24) months

Credit Reports may not be more than ninety (90) days old at time of loan closing.

The Heloc can be in a first or second lien positionFor second lien Helocs, the following features are not permitted on an existing first position loan:Pre-payment penalties (with the exception of i...

Loans which are deemed High Cost are not eligible for this program.

Transactions requiring a Power of Attorney to close are reviewed on case-by-case basis.

Borrowers are collectively limited to three (3) loans either issued or purchased by the lender not to exceed $750,000.Borrowers with more than fifteen (15) properties are not eligible.

Texas 50(a)(6) requirements and regulations apply when the subject is a primary residence.Second Homes and Investment properties in Texas are allowed when not a 50(a)(6)

The Heloc program utilizes Plaid, a third-party vendor, for all identity verifications.The identity of each borrower whose credit is used for loan qualification must be confirmed.All identification...