No Doc HELOC
- Max CLTV is 50%, ( 60% in Mass)
- Min 680 Score
- Primary or Investment Property
- 12 Months Reserves Required (6 months if own more than 1 property)
- No Prepayment Penalties
- 30-Year Loan, 10-Year Draw Period with Interest-Only Option
- 1-4 Residential Units and Condos (no co-ops)
- Max Loan is $2 Million
