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Home Equity Line of Credit (HELOC)

Home Equity Line of Credit

Help Your Borrowers Unlock Equity with a Fast and Easy Experience with PCGs Equity Advantage HELOC. This is a standalone Home Equity Line of Credit mortgage loan product that allows borrowers to tap into their home equity without giving up their existing low-interest rate mortgage.  Our HELOC is a fixed-rate line with a set term and is fully disbursed at funding which means borrowers receive the full amount of their line of credit upfront. It also includes the option for additional time.

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MINIMUM FICO 620 REQUIRED

MAXIMUM 50% DTI

UP TO 90% CLTV

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PROGRAM FEATURES

  • Loan amounts from $25,000 up to $400,000

  • DTI 50%

  • Maximum CLTV 9% for primary

  • Maximum CLTV 75% for secondary

  • Owner-occupied, second homes and investment properties

  • Full doc, bank statements, and assets allowed for income verification

  • SFR, townhomes, condos, second homes and investment properties

  • Open-ended loan with a term of 5, 10, 15 or 30-years

  • Available on 1st and 2nd liens

  • 100% drawn at time of origination with a 100% draw feature

SECURE PRE-APPROVAL FOR AN HELOC MORTGAGE LOAN IN FLORIDA

Experience swift approval! Gain pre-approval within 24 business hours and receive a pre-approval letter, backed by our 98% success rate from application to closing.

FAQs: HELOC Mortgages in Florida

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