Specialized Mortgage Program
A flexible HELOC program for primary, second homes, and investment properties with up to 95% CLTV and no initial draw requirement.
Underwriting at a glance
- Minimum FICO
- 640+
- Max LTV (purchase / rate-term)
- 95%
- Max LTV (cash-out)
- -
- Loan amount
- $25,000 - $750,000
- Documentation
- alt-doc, full-doc, 12mo-bank-stmt, asset-depletion
- States
- most states
Highlights
- •95% CLTV on renovation HELOC
- •No initial draw required
- •10-year draw period with interest-only payments
- •Bank statement income allowed
- •1-year tax return option available
- •AVMs allowed up to $400K loan amount
- •Up to 95% CLTV
- •No initial draw required at closing
- •Interest-only payments during 10-year draw period
- •Bank statement income and asset depletion allowed
- •One year tax return option available
- •Standalone and simultaneous transactions available
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 6/18/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.125%
6.164% APR
FHA
5.500%
5.531% APR
VA
5.500%
5.530% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.