HELOC (Home Equity Line of Credit ) Program 6076 Changes

The following are changes for the 6076 HELOC:

The following margin increases only apply to the “Reduced Cost Minimum Draw $25,000” program:

80-90% CLTV and loan amount $150,000 - $500,000 and a FICO of 680 – 699 - margin increased to 1.40%
90-95% CLTV and loan amount $60,000 - $149,000 and a FICO of 700 – 739 - margin increased to 1.65%
95% CLTV and loan amount $60,000 - $149,000 and a FICO of 740+ the margin increased to 2.40%

For Texas HELOC’s;

The margin increases only apply to the “Reduced Cost Minimum Draw $25,000” program:

80-90% CLTV and loan amount $150,000 - $500,000 and a FICO of 680 – 699 the margin increased to 1.150%
90-95% CLTV and loan amount $60,000 - $149,000 and a FICO of 700 – 739 the margin increased to 1.150%
90-95% CLTV and loan amount $60,000 - $149,000 and a FICO of 740+ the margin increased to 1.40%

Print | posted on Monday, September 17, 2007 9:01 AM

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