Hawaii
- The only lava zones that are allowed are 3 - 9 only
Minnesota
- Not eligible for the NFTYDoor HELOC
NY, RI, DC, IL, MA, UT, NM, DE, HI, OH
- CLTV cap dependent on credit score.
Tennessee
- CLTV cap dependent on credit score.
- Draw Terms and Structure: 5-year interest-only; 10-year repayment period.
Texas
- Property Valuation: BPO required for CLTV over 70%
- There is a required a minimum 12 day “cooling off” period between signing the initial disclosures to the closing date.
- 2.00% max origination fee to the consumer.
- If the borrower pulled out cash via a 50(a)(6) then we cannot do a loan as borrowers / owners can only have one 50(a)(6) at a time.
- The property MUST be less than 10 acres.
- Primary residences only and must be a Homestead.
- The borrower cannot have had a home equity loan in the last 12 months.
Maine, Rhode Island, Vermont
- No origination fees permissible
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