Highlights
Program Overview
- Loan amounts: Up to $400,000 for primary residences
- Up to $750,000 available case-by-case
- Standalone HELOC available in 1st, 2nd, or 3rd lien position
- Terms: 5, 10, 15, 20, or 30 years
- Approvals in minutes, with funding in as few as 5 days
- Competitive rates, often lower than credit cards or personal loans
- 100% online application process
- Interest-only during the draw period
- No prepayment penalties
Borrower Profile
- Available for both primary residences and investment properties
- Eligible borrowers include U.S. citizens, legal permanent residents (LPRs), and select foreign nationals
- Repeat borrower discounts available
Eligible Properties
- Single-family residences (SFR)
- Townhomes
- Planned Unit Developments (PUDs)
- Condos, including mid-rise and high-rise condos
- Duplexes
- 3–4 unit properties (requires BPO/residential evaluation)
Ineligible Properties
- Co-ops
- Commercially zoned real estate
- Multifamily properties with 5+ units
- Manufactured housing, timeshares, log homes, or houseboats
- Mixed-use properties
- Properties larger than 20 acres
- Properties with a reverse mortgage
- Properties purchased within the last 90 days
- Properties owned by land trusts
- Leasehold properties
- Ground lease properties
Additional Program Notes
- Geographic availability: All U.S. states except VT, SD, ND, and NH
- Loyalty benefits: Repeat borrower discounts available