Equity Line (HELOC)
Prime Rate Equity Line Limited Doc – VVBR-05
- Program exceptions available
- 5-year draw period followed by 10 year repayment period
- Rate indexed to prime rate plus margin and adjusted monthly
- Program does not require verification of income or tax returns
- Primary Residence Only
- up to 95% of home value
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Prime Rate Equity Line Full Doc – VVBR-01
- Program exceptions available
- 15-year draw period followed by 10 year repayment period
- Rate indexed to prime rate plus margin and adjusted monthly
- Full doc program-Primary Residence Only
- Available property types single family home, Condo, Planned Unit Development, 2-4 units
- up to 90% of home value
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Prime Rate Equity Line Full Doc 95% CLTV – VVBR-06
- Program offers a 5-year draw period
- Rate indexed to prime rate plus margin and adjusted monthly.
- Primary Residence Only
- Program exceptions available
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Prime Rate Equity Line Second Home/Non-owner – VVBR-03
- Program exceptions available
- Equity line has a 5-year draw period and 10 year repayment period
- Full Doc or limited doc available
- up to 90% of value of property
- Rate indexed to prime rate plus margin and adjusted monthly
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Prime Rate Equity Line No Ratio – VVBR-10
- Equity line has a 5-year draw period and 10 year repayment period
- Program does not require income disclosure or estimate
- 2-year employment history required and current employment verified
- Program available for all self-employed borrowers.
- Asset verification is restricted to closing costs, including cash reserve.
- Rate indexed to prime rate plus margin and adjusted monthly
- Primary Residence Only
- up to 90% of property value
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