The NFTYDoor HELOC is a standalone product. It requires a minimum 75% draw at closing and has no prepayment penalties:
Available in all 50 states and DC
Broker must be licensed in the subject property state.
• Minimum Loan Amount $25,000*
• Maximum Loan Amount $400,000*
• Maximum 80% CLTV*
• Minimum 640 FICO for owner occupied and 2nd homes*
• Minimum 700 FICO for investment properties
Maximum DTI:
- FICO 680+: 50%
- FICO 640-679: 45%
• 5 Year I/O draw period + 25 Year Amortization*
• 1-4 Unit properties eligible (SFR, Condo or PUD)
*State exceptions apply. Refer to section titled State Specific Information
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