A Seamless HELOC Experience
Better rates, lower fees, and a dedication to you and your customers.
Discover the First Tech HELOC
- 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.