Become a First Tech partner for wholesale HELOC loans
Why partner with First Tech as your wholesale HELOC lender?
- Maximize your earnings with our lender-paid compensation: Earn a generous 2.0% of the draw on every HELOC you close, with no cap, ensuring your hard work translates into significant financial rewards.
- Accelerate your success: Benefit from our fast resolution and streamlined processes, allowing you to close deals quickly and efficiently.
- Leverage unmatched expertise: Partner with a trusted institution with more than 30 years of experience and the stability of one of the largest credit unions in the country. Our deep market insights give you a competitive edge.
- Build lasting trust: Our borrower-centric approach and reliable service help you establish strong, lasting relationships with your clients.
- Comprehensive support: Our dedicated team provides you with the resources and assistance needed to succeed and thrive in the competitive HELOC market.
- Stand out in the market: By partnering with us, you align yourself with a premier institution that provides excellence and innovation in home equity lending.
The benefits for you and your clients
- Earn more with lender-paid compensation: Get 2.0% of the draw amount (no cap) for both standalone and piggyback loans.
- Aggregate of up to $3.5 million: The aggregate is based on your borrower’s combined loan-to-value ratio (CLTV).
- Minimal Loan Level Price Adjustment (LLPAs): Competitive margin adjustments for the best possible rate for your borrower.
- Flexible HELOC options: Home Equity Line of Credit (HELOC) can be in the first lien position.
- Line amount rate improvements: Borrowers will receive better pricing as the line amount increases.
- Extra savings on piggyback loans: Borrowers receive a 0.50% credit for piggyback transactions.
- Rewards for excellent credit: Borrowers receive .125% margin discount if their FICO is ≥780.
- Up to a 50% DTI with minimal compensating factors: Borrowers can qualify with up to a 50% DTI with minimal compensating factors.
- Qualifying Rate at 2% above the note rate: Borrowers are qualified at 2% above the note rate using the HELOC interest-only payment.
- No maximum limit for 1st Mortgage: There is no upper limit on the amount your client can borrow for a first mortgage, provided that the CLTV ratio requirements are satisfied.