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For all loan amounts, an initial Automated Valuation Model (AVM) is pulled.If the confidence score is acceptable, the initial AVM is successful and the value is accepted. Note: Homebridge uses Clea...

Our HELOC uses the Equifax Decision engine tool for the credit standard review.  Installment Debt:Installment debt is a monthly obligation with fixed payments and terms. Payments on installment loa...

If a debt is reflected on the borrower’s credit report, the borrower is personally liable for the debt and it must be included in the debt-to-income ratio. Debts paid by the borrower’s business or ...

Soft PullWe pull the Equifax FICO 8 score during the pre-qualification stage of the application. Our minimum FICO is 640 for primary residences and 2nd homes and our minimum FICO is 700 for investm...

AVM Valuation - 30 daysHard Experian FICO8 credit pull - 90 daysIf any of these pass the expiration date, they will be rerun and may cause updates to the HELOC offers (HELOC loan amount, CLTV, etc). 

There are no pre-payment penalties for the NFTYDoor HELOCs. 

The HELOC is a standalone product. It requires a minimum 75% draw at closing and has no prepayment penalties:Available in all 50 states and DC• Minimum Loan Amount $25,000*• Maximum Loan Amount $50...

Equifax FICO 8 is utilized for both the soft and hard credit pulls• Minimum 640 FICO for Owner Occupied and 2nd Homes• Minimum 700 FICO for Investment Properties• Eligibility is determined by the p...

The HBFS Heloc program utilizes Persona, a third-party vendor, for all identity verifications.The identity of each borrower whose credit is used for loan qualification must be confirmed.All identif...

When a monthly student loan payment is provided on the credit report, that amount may be used for qualifying purposes.  If the credit report does not reflect the correct monthly payment, the monthl...