Specialized Mortgage Program
A second mortgage HELOC program for investment properties, offering flexible draw terms and alternative documentation options.
Underwriting at a glance
- Minimum FICO
- 800+
- Max LTV (purchase / rate-term)
- 75%
- Max LTV (cash-out)
- 75%
- Loan amount
- $100,000 - $750,000
- Documentation
- alt-doc, 12mo-bank-stmt, full-doc
- States
- NJ, MD, NC, FL
Highlights
- •3-year draw period available
- •Alternative documentation and bank statement options
- •HELOC floor is 2% below note rate
- •10-year draw period with 20-year repayment term
- •Additional 0.375% discount available on 3-year draw HELOCs
- •3-year draw period
- •3-year draw period discount available
- •5-year draw period followed by 25-year repayment term
- •Alternative documentation available
- •0.375% discount available on 3-year draw HELOCs
- •36-month interest-only draw period
- •204-month repayment term
- •36-month draw period
- •Appraisal not required
- •3-year draw period with 204-month repayment term
- •27-year repayment term
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 8/31/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.250%
6.288% APR
FHA
5.750%
5.780% APR
VA
5.750%
5.780% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.