Unlock Your Equity with Flexible HELOC Options
Looking for a smarter way to access your home's equity without refinancing your first mortgage? Our HELOC Programs offer a flexible line of credit with interest-only payments, competitive loan limits, and options perfect for self-employed borrowers, investors, and second home buyers . Whether you're renovating, consolidating debt, or funding your next big move, this HELOC makes your equity work for you, on your terms.
Program Highlights
Bank Statement & Full Doc Options
Loan Structure & Use Revolving line of credit with interest-only payments during the draw period Loan terms from 15 to 25 years No restrictions on how you use the funds Credit scores starting at 700 Loan amounts up to $750,000 No TRID requirements — fast, flexible closings Must draw at least $100K at closing (minimum loan amount $125K) Qualifying Property Types This program is available for primary residences, second homes, and investment properties. You must have owned the property for at least 12 months, and only warrantable condos are eligible. Please note: Texas does not allow owner-occupied homes Tennessee only allows investment properties If the home was recently listed or transferred, a 6-month waiting period applies Appraisal Requirements For loans under $400K and CLTV 80% or less, you may qualify with a no-cost AVM (Automated Valuation Model). Larger loans or higher CLTVs require a full appraisal. All first-lien HELOCs need a full appraisal. Transferred appraisals are allowed on a case-by-case basis from approved AMCs.
Whether you're self-employed with complex income or a W-2 earner with straightforward paperwork, this HELOC meets you where you are. Borrowers can qualify using 12 or 24 months of personal or business bank statements , making it an ideal solution for entrepreneurs, freelancers, and business owners who may not show traditional income on tax returns. Prefer the standard route? Full documentation is also accepted, allowing W-2 employees or self-employed borrowers with strong tax returns to qualify using traditional income verification. No matter your situation, we’ve got an option that fits. Keep in Mind - Before You Apply To qualify for this HELOC, borrowers need a minimum credit score of 700 and a maximum debt-to-income ratio (DTI) of 45%. You’ll need to show at least $2,500 in monthly residual income (or $3,500 if your DTI exceeds 45%) and have six months of mortgage payment reserves on hand. The combined loan-to-value (CLTV) can go up to 85%, offering access to significant equity. A 24-month mortgage history is required , and draws from the HELOC aren’t allowed for 90 days after closing. Keep in mind: this program isn’t available for homes held in LLCs, corporations, partnerships, or irrevocable trusts. It also can't be used if your first mortgage is negatively amortizing or a balloon loan that extends beyond its original term.
DeAnn Ellis Davidson Senior Mortgage Consultant NMLS# 148916 | GA MLO# 25670 155 Bankers Boulevard, Unit I-200, Monroe, GA 30655 Office: 855-ELEMENT Cell (770) 616.8042 EllisMortgageTeam.com DeAnnEllis@elementhl.com
Equal Housing Lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Equal Housing Lender. MLO licensing information: AL AL FL LO117378 GA 25670 SC MLO-148916 TN 148916 . NFM, Inc. d/b/a NFM Lending. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution. © 2025 NFM, Inc. dba NFM Lending. America’s Common Sense Lender® Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. nfmlending.com. Please consult with the Loan Originator about requirements and restrictions for PMI and down payment. This promotion may vary according to the consumer’s criteria.
Made with FlippingBook - PDF hosting