Unlock Your Home’s Power: Florida HELOC Express
(2nd Lien)


Keep Your Low Mortgage Rate and Unlock Your Home's Equity!

Why refinance your entire mortgage and give up your low
interest rate when you don't have to?

If you're a homeowner with a great interest rate on your first mortgage, a Home Equity Line of Credit (HELOC) could be the perfect financial solution!


With our HELOC program, you can:

✅ Keep Your Low Mortgage Rate – No need to refinance or change your existing first mortgage!

✅ Access Up to 95% of Your Home's Value – Depending on your available equity and qualifications, you may be eligible for a credit line with combined financing up to 95% of your home's value!

✅ Use the Funds for What Matters Most – Home improvements, debt consolidation, unexpected expenses, investments, or other major financial needs.

✅ Borrow When You Need It – Enjoy the flexibility of a revolving credit line instead of borrowing one large lump sum.

✅ Pay Interest Only on What You Borrow – Interest is generally charged only on the amount you actually use, not your entire approved credit line.

💰 Your Home Has Equity. Make It Work for You!

Don't sacrifice the low mortgage rate you worked so hard to secure!

Keep your existing mortgage exactly where it is and take advantage of your home's equity with a flexible HELOC.

📞 Contact me today to find out how much you may qualify for!

Subject to credit approval, property valuation, available equity, and lending guidelines. Maximum 95% combined loan-to-value (CLTV), not necessarily a credit line equal to 95% of the home's value. HELOCs typically have variable interest rates, and your home serves as collateral.

HELOC Estimator

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Assumes full line utilization at the stated interest rate.

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- Latest 2 Years of W2s - Latest 30 days of paystubs - Latest 2 Years of Tax Returns - Driver Licenses - Social Security Card

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    HELOC Express (2nd Lien)

    HELOC Express (2nd Lien)

    Are you looking for a fast home equity line of credit without the typical mountain of paperwork? Our HELOC Express program is designed for Florida homeowners who need smart, simple, and faster funding than ever. Whether you're planning a renovation, consolidating high-interest debt, or investing in your next property, we provide the flexibility you deserve.

    WHY CHOOSE HELOC EXPRESS?

    RAPID DECISIONING

    Enjoy reduced application requirements for speedier loan decisions and faster funding.

    HIGH BORROWING POWER

    Access up to 95% CLTV (Combined Loan-to-Value).

    HIGHER LIMITS

    Borrow up to $400,000 to fund your biggest goals.

    SIMPLIFIED VALUATIONS

    Automated Valuation Models (AVMs) are allowed for loan amounts up to $400K, often eliminating the need for a full appraisal.

    Mortgage Professional Guidelines

    Second Lien HELOC Product Matrix & Underwriting Standards

    Comprehensive credit guidelines, Prime Rate margins, FICO matrix criteria, CLTV caps, flexible bank statement income options, and asset depletion standards for second mortgage home equity lines of credit.

    Draw / Repayment
    10 Years / 20 Years
    Loan Amount Limits
    $25,000 – $750,000
    Minimum FICO Score
    640 FICO Requirement
    Floor Rate / Cap
    4.95% Floor | 18% Cap

    Second Lien HELOC Core Product Features

    Fundamental loan parameters governing home equity line of credit lines and repayment schedules.

    Draw Period
    10 Years
    Flexible funds access during initial 10-year draw period with interest-only payments.
    Repayment Period
    20 Years
    Amortizing principal and interest repayment schedule over a 20-year term.
    Index & Margin
    Prime Rate + Risk Margin
    Indexed to Wall Street Journal Prime Rate. Margin determined by FICO, CLTV, and loan amount.
    Qualifying Payment (DTI)
    20-Year P&I Amortization
    Uses principal and interest payments at prevailing rates amortized over 20 years for DTI.

    Second Lien HELOC Rate & Margin Sheet

    Risk-based margin adjustments relative to Prime Rate (Baseline Prime: 7.00%)

    Floor Rate: 4.95% | Lifetime Cap: 18%
    FICO Range 0-60 CLTV 60.01-70 70.01-80 80.01-85 85.01-90 90.01-95 Max Loan (>65% CLTV) Max Loan (<65% CLTV)
    800+ Prime - 0.125% Prime + 0.125% Prime + 0.375% Prime + 0.625% Prime + 1.375% Prime + 3.125% $500,000 $750,000
    780-799 Prime + 0.375% Prime + 0.375% Prime + 0.625% Prime + 0.875% Prime + 1.625% Prime + 3.125% $500,000 $750,000
    760-779 Prime + 0.625% Prime + 0.875% Prime + 1.125% Prime + 1.375% Prime + 2.125% Prime + 3.250% $500,000 $750,000
    740-759 Prime + 0.875% Prime + 1.125% Prime + 1.375% Prime + 1.500% Prime + 2.250% Prime + 3.375% $500,000 $750,000
    720-739 Prime + 1.625% Prime + 1.625% Prime + 1.875% Prime + 2.000% Prime + 2.500% Prime + 3.875% $500,000 $750,000
    700-719 Prime + 2.625% Prime + 2.625% Prime + 2.875% Prime + 3.375% Prime + 4.125% N/A $500,000 $750,000
    680-699 Prime + 3.375% Prime + 3.500% Prime + 3.625% Prime + 3.750% Prime + 5.125% N/A $500,000 $750,000
    660-679 Prime + 4.875% Prime + 5.125% Prime + 5.625% N/A N/A N/A $200,000 $200,000
    640-659 Prime + 5.000% Prime + 5.250% Prime + 5.750% N/A N/A N/A $100,000 $100,000

    Rate Adjustments: Margin Add-ons

    Loan Amount < $50k +0.500%
    Loan Amount > $500k +0.250%
    3-4 Unit (Primary) +0.500%
    Second Home +0.500%

    General Borrower & Property Eligibility

    Standard criteria for borrower profiles, loan amounts, and geographic restrictions.

    Eligible Borrowers

    • US Citizens & Permanent Resident Aliens
    • Maximum four (4) borrowers per loan transaction

    Ineligible Borrowers

    • Non-Permanent Resident Aliens & Non-Occupant Borrowers
    • Land Trusts, Life Estates & Tenancy in Common (TIC)
    • Corporations, General & Limited Partnerships
    ONLY LICENSED IN FLORIDA

    Credit Standards & Underwriting Requirements

    Debt-to-income (DTI) limits, credit scores, tradeline requirements, and derogatory event seasoning overlays.

    Housing & Debt Ratios (DTI)

    FICO < 720: 38% Housing / 43% Total DTI
    FICO ≥ 720: 43% Housing / 45% Total DTI

    Credit Report & Tradelines

    • Triple merge credit report required (valid for 45 days)
    • Minimum FICO requirement: 640
    • Minimum 2 tradelines evaluated for at least 24 months
    • Mortgage lates: 0x30 in the last 24 months

    Income Verification & Bank Statement Programs

    Alternative self-employed income calculation using personal or business bank statements.

    Bank Statement Guidelines (Self-Employed Borrowers)

    Ideal for self-employed professionals without standard W-2 or tax return verification.

    Deposit Calculation Personal: 100% | Business: 50%
    Requirements 12 or 24 Mos Statements (Min 680 FICO)
    Loan Limit & Terms Max Loan $500k | Max CLTV 65%

    Occupancy, CLTV & Reserve Matrices

    Combined loan-to-value limits and reserve requirements across primary and second home occupancies.

    Occupancy Type FICO Score Unit Count Max CLTV
    Primary Residence 720+ / 680-719 1 Unit 95% / 90%
    640-679 1 Unit 80%
    Primary Residence (2-4 Units) 680+ / 640-679 2 Units 90% / 80%
    680+ 3-4 Units 75%
    Second Home 680+ / 640-679 1 Unit 90% / 80%

    For Mortgage Professionals Use Only. All loans are subject to credit approval and underwriting guidelines.

    Equal Housing Lender. Compliant with Federal Fair Lending Laws.

    Highlights of Florida HELOC Express program features and benefits.

    Frequently Asked Questions

    What is a HELOC Express program?

    The HELOC Express program is designed for Florida homeowners seeking a fast home equity line of credit with reduced paperwork, allowing for quicker funding.

    How much can I borrow with a HELOC Express in Florida?

    You can borrow up to $400,000 with the HELOC Express program, which provides access to high borrowing power.

    What is the maximum Combined Loan-to-Value (CLTV) for this HELOC?

    The HELOC Express program allows access to up to 95% CLTV (Combined Loan-to-Value).

    Are full appraisals required for the HELOC Express?

    Automated Valuation Models (AVMs) are allowed for loan amounts up to $400,000, often eliminating the need for a full appraisal.

    What types of projects can I use a HELOC for?

    You can use a HELOC for various purposes, including home renovations, consolidating high-interest debt, or investing in another property.

    How quickly can I expect a decision on my HELOC application?

    The HELOC Express program offers rapid decisioning, which means you can expect a quicker loan decision and faster funding.

    Contact us