BUSINESS PURPOSE HELOC

When opportunity knocks, having fast, flexible access to capital can make all the difference. A Business Purpose Home Equity Line of Credit (HELOC) allows you to leverage the equity in your property. This is a great way to secure financing for your business needs without the limitations of traditional loans.

Basic Qualifications

• 650 Minimum FICO
• Must own a business
• Max 85% Combined Loan to Value Ratio (CLTV)
• 50% Debt-to-Income Ratio (DTI) Max
• Only personal income is considered
• No Business Bank Checks
• Investment Properties, Duplexes, & Condos allowed
• $50,000 – $400,000 Funding amount
• Rates start at 7%
• 30-year max term
• 5-day closing
• Approval in 5 minutes

These states include both partners’ income if they are married:
AZ, CA, ID, LA, NV, NM, TX, WA, WI
Currently this product is being offered in the following states: AL, AR, CO, CT, DC, FL, GA, IA, IN, KS, KY, LA, MD, ME, MA, MN, MS, MO, MT, NE, NH, NY, NC, OH, OK, PA, RI, SC, TN, TX, VT, WA, WI

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