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First Lien HELOC

Unlock new opportunities with our First Lien HELOC, available for Primary Homes, Second Homes, and now Investment Properties. Tap into the equity of your borrowers’ properties, providing them with the flexibility to manage their portfolio more efficiently.

Whether they are looking to renovate, expand their real estate holdings or simple have a financial cushion for unexpected expenses, our First Lien HELOC offers what your borrowers need meet their unique needs.

Download the Rate Sheet

Connect with an Account Executive.

Borrowing Power & Flexibility

Rates as low as Prime minus .25%

Rates as low as Prime minus .25%

10-Year Draw Period

10-Year Draw Period

20-Year Repayment Period

20-Year Repayment Period

Minimum FICO Score: 640

Minimum FICO Score: 640

Minimum Loan Amount $50K

Minimum Loan Amount $50K

Maximum Loan Amount $750K

Maximum Loan Amount $750K

AVMs allowed up to $400K

AVMs allowed up to $400K

Up to 90% LTV (terms apply)

Up to 90% LTV (refer to product matrix)

1-Year Tax Returns

1-Year Tax Returns

No Prepayment Penalties & No Early Termination Fees

No Prepayment Penalties & No Early Termination Fees

Bank Statement Income and Asset Depletion Income

Bank Statement Income and Asset Depletion Income

Up to 2.00% Borrower-Paid Broker Compensation

Up to 2.00% Borrower-Paid Broker Compensation

The Tools You Need to Succeed.

Use our customizable marketing assets to educate your clients.
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Home Improvement Flyer_V2

Saving for Something Good?

Use this customizable flyer to educate your clients and give them all of the details about the Renovation HELOC from Quorum.
Home Checklist Flyer_V3

Funding a Dream?

Share this checklist with your clients, so they can prepare the required documents to apply for a Renovation HELOC.
Download the Flyer & Checklist

The Tools You Need to Succeed.

Use our marketing assets to educate your clients.
 

Frequently Asked Questions

What is the maximum LTV on an Investment Property First Lien HELOC.

The maximum LTV on an Investment Property First Lien HELOC is 80% LTV for 1-unit and 65% LTV for 2-unit.

What is the maximum LTV allowed for bank statement income and asset depletion income?

The maximum LTV allowed for bank statement income and asset depletion income is < 65% LTV.

How do I receive Borrower-Paid Broker Compensation?

You must be an approved partner to earn compensation. Contact your Account Executive or email us mortgagesales@quorumfcu.org to see if you are eligible.