Verus Home Equity Lines of Credit (HELOCs)
Verus Home Equity Lines of Credit (HELOC)
Help your borrowers make the most out of the equity they have in their homes with our flexible HELOC program.
Verus Home Equity Lines of Credit (HELOC)
- Maximum loan sizes up to $500,000
- FICO® scores down to 680
- Variable rate
- Maximum DTI of 50%
- Draw period: 2, 3 or 5 year
- Maximum HCLTV: 80%
- Occupancy types: Owner occupied, second homes and investment properties
- Standard income documentation or alternative documentation including bank statements
Better Possibilities for Your Borrowers
Verus’ HELOCs program is the ideal solution for homeowners who want to access their equity for renovations and repairs, emergency expenses, tuition, debt consolidation, etc.
Our Programs
Our non-QM programs offer access to financing for customers by breaking through obstacles using tested methods and practical underwriting. This provides a pathway for consumers to get the financing they need.